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Construction of Second Baikal Tunnel Almost Complete

Chennai: Port Wings News Network: Construction of the second Baikal tunnel-the most important part of the BAM and Trans-Siberian Modernization Program-is coming to an end. According to operational data, 6372 m (out of a total length of 6682 m) has been dug. The average pace of the second Baikal tunnel …

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WFS Reinforces Commitment To New York Air Cargo Community

Chennai: Port Wings News Network: Worldwide Flight Services (WFS) has demonstrated its confidence in the New York air cargo market by signing a 15-year lease on a new state-of-the-art, 346,000 square feet cargo terminal, the first phase of the Port Authority of New York and New Jersey’s comprehensive Vision Plan …

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November Peak Season Air Freight Demand Up 8.8%: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), climbed 8.8% in November 2017 compared to the year-earlier period. This was an increase from the 5.8% annual growth recorded in October 2017. …

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SEKO’S Bringing Airfreight Home, at the Speed of E-commerce

Chennai: Port Wings News Network: SEKO Logistics has launched a new Airfreight+ Final Mile service in North America to give retailers, marketplace merchants and consumer brands a home delivery solution for bigger, bulkier products that delivers air cargo to their door at the speed of e-commerce. Already being used by …

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Hutchison Ports Acquires 50% Stake in TMA Logistics

Chennai: Port Wings News Network: Hutchison Ports has acquired a 50% shareholding in TMA Logistics B.V. (TMA). TMA has a variety of general cargo terminal operations together with warehousing, shipping, logistics and project cargo activities at three sites in Amsterdam and one in Antwerp as well as at the Hutchison …

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