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Korean makes it three red quarters in a row

: Latest News; Friday, 15 August 2008

Korea’s Korean Air Lines, which claims to be the world’s largest international air cargo carrier, has posted a net loss of 289 billion won (US$279 million) for the three months ended June 30, its third straight quarterly loss.

Three die in cargo crash

: Latest News; Thursday, 14 August 2008

Three people died when a Fly540 Logistics Fokker F27- 500 cargo aircraft crashed near the Somali capital Mogadishu yesterday.

CSIRO nominated for air cargo scanner

: Latest News; Thursday, 14 August 2008

Australia’s CSIRO has been nominated for the inaugural Australian Museum Eureka Prize for innovations that improve national security after it developed a scanner that can identify drugs or explosives in air cargo.

Cargojet holding steady

: Latest News; Thursday, 14 August 2008

Canada’s Cargojet says its losses were relatively steady in the second quarter at CAD$1.51 million compared to CAD$1.47 million a year ago.

SAS to propose pay cuts

: Latest News; Thursday, 14 August 2008

Scandinavian airline SAS is expected to ask staff to accept salary cuts of between 10 and 15 per cent, according to Danish media outlet Borsen. Price competition and overcapacity are said to be contributing factors to the airline’s financial problems.

US logistics costs soar

: Latest News; Thursday, 14 August 2008

In the US, the cost of logistics in the past year has risen by nearly US$100 billion to US$1.4 trillion, a record high for the fourth consecutive year. The figure represents a jump of 7 per cent from the US$1.3 trillion in costs for the previous year. -Jack Handley

Morin into top sales spot

: Latest News; Wednesday, 13 August 2008

Air Canada has announced the president and chief executive officer of Air Canada Cargo, Claude Morin is its new vice president, Global Sales. Morin succeeds Marc Rosenberg, vice president, Sales and Product Distribution, who will be retiring from Air Canada this year.