Jet Airways suspends all flights after funds shortage

Jet Airways grounded all flights till further notice after they were not able to generate confidence with banks & lenders for interim funding . As per airlines spokesperson the emergency funds from lenders or bank is not forthcoming resulting into airlines disability to pay for fuel & other critical services to keep airlines operational. Jet airlines had...

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Airfreight bolsters Expeditors’ figures

A ten per cent year on year increase in airfreight net revenues contributed to a strong 2014 fourth quarter for US forwarder and logistics company Expeditors. The Washington-based company said its net earnings had increased 19 per cent in the quarter, to almost $99.4m, compared with $83.5m in the same period of 2013. Ocean freight net revenue...

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We will do better, promise TNT management

TNT Express has outlined the steps that will return the parcels and freight operator to profit. A core part of its strategy is to set up focused international Europe and domestic units, strengthening its management and accelerated investment in its transport and IT, along with improved service levels. At a capital markets day conference this week in London, chief...

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China lifts price controls on 24 commodities, services

China will lift controls on prices of 24 commodities and services, said the National Development and Reform Commission on Sunday. Market will decide the price of tobacco leaves, the last agricultural product to be freed from government price control, but a minimum price will be set to protect farmers, said a statement on the commission website. Prices of railway bulk cargo, parcels and privately funded cargo and passenger transport will also be allowed to float. Railway passenger and cargo prices...

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Self-driving car the future of logistics industry

The logistics industry will probably be one of the first testing grounds for automated vehicles, according to a study from package delivery giant DHL. Shipping companies will likely adopt the technology faster than other sectors, since moving cargo in non-public areas like storage facilities and warehouses provides a safer venue to test such devices, according to a study published this week by DHL, the freight and express arm of Deutsche Post AG. Eventually vehicles might bring packages...

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Hyderabad airport bags award for cargo operations

The Rajiv Gandhi International Airport in Hyderabad has been adjudged the “Best Cargo Airport of The Year” at the recently concluded 40th annual convention of Air Cargo Agents Association of India held at Jaipur. This is the second year in a row that RGIA has won the award for its cargo operations. S.G.K. Kishore, Chief Executive Officer, said, “We are delighted to be recognised by a prestigious industry body such as ACAAI which represents India’s Air Cargo Industry." The airport has emerged...

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