Growth in the passenger transportation segment is outpacing that of air cargo volumes, which expanded just 2.2 percent in 2015 compared to 5 percent in 2014, according to Tony Tyler, director general of the International Air Transport Association.
U.S., Laos aim to strengthen trade ties
The United States and Laos entered a bilateral Trade and Investment Framework Agreement, which establishes a forum for the two countries to discuss trade and investment issues.
Port of Tauranga container throughput surges 10.4%
The New Zealand port handled 470,928 TEUs during the first half of the 2016 financial year ending Dec. 31, a 10.4 percent year-over-year increase.
First of “K” Line’s new ro-ro ships launched
Capable of carrying 7,500 cars, the Japanese ocean carrier’s new roll-on/roll-off vessel, “Drive Green Highway,” features energy saving technology including solar panels.
Algoma Central posts decline in earnings, revenues
The Canadian shipping company reported net earnings from continuing operations of $21.1 million for the full year of 2015 on revenues of $413.5 million, year-over-year drops of 57 percent and 12.7 percent, respectively.
HKIA reports 1.5% bump in January cargo throughput
The airport handled 361,000 metric tons of cargo in January, a 1.5 percent year-over-year increase.
GRI Roundup: Maersk Line, CMA CGM, Hapag-Lloyd and MOL
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL announced general rate increases.
Radiant Logistics posts Q2 loss despite nearly doubling revenues
The Bellevue, Wash.-based third-party logistics provider reported a $2.5 million loss in its second fiscal quarter, ended Dec. 31, 2015, despite revenues soaring 95.3 percent year-over-year to $207.0 million.
Three UK ports to offer container weighing service
Terminals at the ports of Felixstowe, Southampton and London Gateway in the United Kingdom will offer the service in advance of the SOLAS verified gross mass requirement due to be implemented July 1, 2016.
U.S. Class I railway employment drops 9% in January
Major freight railroads in the United States employed 156,602 workers as of the middle of January, down from 160,795 the previous month and 171,476 in January, 2015, according to data from the Surface Transportation Board.