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Panalpina reports Q3 contractions, anticipates further challenges

Swiss forwarder Panalpina’s third-quarter financial results show the company is being affected by “macroeconomic uncertainties,” CEO Stefan Karlen said. Its cross-segment profit during the quarter declined by about 19 percent to US$14.9 million, compared to US$18.5 million during the same period last year. The company said the air freight segment’s margins have

Med-View Airline Restructures, Sacks 60 Workers

Nigerian domestic carrier, Med-View Airline, has sacked about 60 members of its staff comprising pilots, engineers and crew members. The workers were said to have been served the termination letters on October 5, with a clause that they would be reconsidered for employment when the situation improves. The Executive Director, Business Development, Med-View

USA’s TSA will install 40 luggage CT scanners in airports this year

  The technology gives agents clearer views of luggage contents.   The TSA has been using CT scanners to screen airline passengers' luggage since last year -- early tests of the technology have been taking place in Phoenix's Sky Harbor International Airport and Boston's Logan International Airport. But now, the agency has shared its plans for CT technology going

UPS, Teamsters reach five-year Freight labour pact

  Threatened strike averted with agreement hammered out before Aug. 1 deadline.   UPS and the International Brotherhood of Teamsters, which represents about 11,000 UPS Freight employees, have reached a tentative agreement for a new five-year master contract. “With agreements now reached for both the freight and small package national master contracts, discussions continue

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