More freight and new investment 
Calculated in US currency, Korean Air generated a turnover of USD 1.32 billion and an operating profit of USD 6.57 million in the third quarter. It therefore posted a profit in the second quarter in a row – thanks to an increase in freight operating rates (Q2: USD 988... more
Upward trend in hinterland traffic confirmed
Good news from the international association of ports and harbours WPSP Covid-19 task which has released its fourteenth report since April and the initial global outbreak of Covid-19, based on the data of 73 world ports. The most significant result of the survey is the... more
Baltic Exchange's air freight indices take off
The Baltic Exchange, which already provides benchmark assessments for the maritime markets, has launched weekly air freight indices. As announced earlier this year, it has partnered with Hong Kong-based air cargo pricing publisher TAC Index, published since 2016, and the new... more
Inaction risks wave of bankruptcies
New research of the International Road Union (IRU) reveals the continuing catastrophic impact of Covid-19 on the commercial road transport industry, with a very high default and insolvency risk across the sector worldwide. Ranked on a risk scale from one to ten, all regions... more
Yang Ming returns to profit
Taiwan-based Yang Ming Marine Transport Corporation has reported its figures for Q3 of its financial year, and the first nine months of the year show a return to profitability in 2020.Consolidated revenues for Q3 totalled NTD 38.8 billion (around USD 1.3 billion), up by 2.83%... more
Gameco's first B737-800BCF completed
The Chinese MRO services provider Gameco has announced the completion of the first 737-800 Boeing Converted Freighter (BCF) at its Guangzhou facility. The conversion was completed on 15 October 2020 and comes roughly four months after Gameco launched its BCF conversion programme... more
KWE: income up, sales down
The Japanese Kintetsu World Express (KWE) has reported its financial results from the six-month period of its fiscal year ending 30 September 2020. While revenues decreased by 2.9% to JPY 2.5 billion, operating income saw an uptick of 48.5% to JPY 13 billion (USD 124 million)... more
Connecting the USA with Europe and India
Delta has launched cargo-only flights between the United States, Europe and India. Shawn Cole, VP – cargo: "Given the travel constraints within Europe, we are strategically adding cargo capacity in Spain, Ireland and Germany to support overall passenger and cargo... more
Company veteran to head Yang Ming family
At its 352nd board meeting, Yang Ming Marine Transport Corporation confirmed the appointment of Patrick Tu as the company’s new president and COO. He will therefore leave his roles as chief strategy officer and executive vice president, to which he was promoted earlier this... more
Russian experts to teach Serbian rail specialists
Russian Railways (RZD) has opened a regional information and training centre in the building that houses the headquarters of Serbian Railways in Belgrade. The aim of the new facility is to significantly improve the quality of training of Serbian railways specialists to help... more