All Entries in the "AIR FREIGHT" Category
FedEx Halts European Shipments Due to Volcanic Eruption
- / N2N / – FedEx Express Response to Volcanic Eruption in Iceland Due to the closure of major airports within Europe, effective immediately, FedEx Express has announced it is not accepting deferred international freight shipments bound for Europe. This embargo does not affect freight shipments to and from other countries and applies only to [...]
Freight Transportation Services Index for February Rises .3 Percent
- / N2N / – The Freight Transportation Services Index (TSI) rose 0.3 percent in February from its January level, rising for the second consecutive month, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today. BTS, a part of the Research and Innovative Technology Administration, reported that the Freight TSI index has [...]
Air Freight Loss Estimates Slashed by Fifty Percent
Geneva – / N2N / – The International Air Transport Association (IATA) halved its loss forecast for 2010 to US$2.8 billion (compared to the US$5.6 billion loss forecast in December 2009). The improvement is largely driven by a much stronger recovery in demand seen by year-end gains that continued into the first months of 2010. [...]
Freight Broker Industry Training Guide
by Jameson – / N2N – / Are you, or is someone you know looking to get into the freight business? The following guide will give you the basics upon which to begin building a new career. Chapter 1: The Transportation Industry and its Inner Workings I will start this chapter by breaking down the [...]
Texas Company Ready for Mandatory Cargo Screening
DALLAS, Texas – / N2N / – With the mandatory screening deadline for 100% of air cargo loaded to passenger aircraft just around the corner, one company stands out in the fray – ComSec International. “We are ramping up operations to assist with cargo screening across all areas of the air transportation industry,” said Jason [...]
U.S. Trade Deficit Widens in December
WASHINGTON – / N2N / – U.S. Commerce Secretary Gary Locke issued the following statement on the release of the December 2009 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports in December 2009 increased by [...]
National Export Initiative to Create 2 Million Jobs
WASHINGTON – / N2N /- Commerce Secretary Gary Locke unveiled details of President Obama’s National Export Initiative (NEI) at a luncheon today at the National Press Club. During last week’s State of the Union speech, the president announced a goal of doubling exports over the next five years to support two million jobs in America. [...]
FedEx Names Drew Brees & Chris Johnson Players of the Year
FT. LAUDERDALE, Florida – / N2N / – FedEx (NYSE: FDX) and the NFL today announced the winners of the seventh annual FEDEX AIR & GROUND® NFL PLAYERS OF THE YEAR AWARDS at a press conference in South Florida, site of Super Bowl XLIV. Quarterback DREW BREES of the New Orleans Saints was named the [...]
Texas Company Builds Special Containers to Transport Pandas
Dallas, Texas, – / N2N / – Chick Companies, Inc., a leading global provider of packaging and manufacturing logistics solutions, has produced custom-built transport containers for FedEx Express to transport two giant pandas from the United States to China. Working in conjunction with the Smithsonian’s National Zoo in Washington, D.C. and Zoo Atlanta, FedEx Express [...]
CBP Officers Rescue Puppy From Cargo Bay
Jamaica, N.Y. – / N2N / – On Saturday, January 23, three U.S. Customs and Border Protection officers came to the rescue of a puppy that was cold and clinging to life. The puppy which arrived on a flight from Mexico City was found within a cargo bay on board an aircraft at JFK. The [...]
2009 Worst Year Ever For Freight Industry
by Thomas Cullen – / N2N / – For more than a year, IATA (International Air Transport Association) has been a source of bad news as the air freight market languished in a savage recession. The latest missive from that body is slightly more upbeat, with CEO Giovanni Bisignani asserting that the “worst is behind [...]
OSI Systems Wins U.S. Government Contract for Cargo Inspection Systems
HAWTHORNE, Calif.- / N2N / – OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated provider of specialized electronics and services, today announced that its Security division, Rapiscan Systems, has been awarded an approximate $25 million contract from the United States Government for the purchase of multiple advanced security screening systems from the Company’s cargo and vehicle inspection [...]
FedEx to Transport Giant Pandas from U.S. to China
WASHINGTON – / N2N / – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is donating its logistical services to transport two giant pandas from the United States to China on February 4, 2010. Working in conjunction with the Smithsonian’s National Zoo in Washington, D.C. and Zoo [...]
