Delta cargo High fuel prices are becoming a big problem for airlines. Delta Air Lines cut its full-year earnings outlook Thursday, a day after American Airlines warned that its costs and sales would be lower than expected last quarter. The culprit: Delta's fuel cost $654 million more in the second quarter than a year ago,
Day: July 12, 2018
Lufthansa adding two 777 freighters
Lufthansa Cargo D-ALFB 777 Freighter The German airline’s cargo operation expects delivery of the Boeing planes in February and March Lufthansa will add two new Boeing 777 freighters to its cargo operation at the start of next year. The German airline said it is not yet finalized who will manage and operate the
Panalpina opens logistics centre in Singapore
On Tuesday, Swiss forwarder Panalpina opened a six-floor, 25,800-square-meter air- and ocean freight logistics center in Singapore, targeting demand for its services from clients in the energy, healthcare, technology, manufacturing and fashion industries operating through the tiny nation. In his remarks at the opening ceremony, Panalpina CEO Stefan Karlen said, “more
U.S. ports expect record imports in July
The Port of Long Beach “Imports from China and elsewhere are expected to continue to grow for the foreseeable future,” says National Retail Federation. Major container ports across the United States are expected to set a new import record in July, fueled by increasing consumer demand and rising retail sales, according to