The International Air Transport Association (IATA) released data for global airfreight markets in February showing a 2.9 percent increase in demand compared to February 2013. The first two months of 2014 have seen an overall 3.6 percent improvement in demand over the previous year. This continues the strengthening in cargo markets which began in the second half of 2013.
China's investment of billions of dollars in a domestic commercial aviation industry has yet to result in a commercially viable aircraft and is unlikely to do so for the foreseeable future, according to a new RAND Corporation study.
Add Spartanburg, S.C., to the list of manufacturing hotspots. That's where BMW AG last week announced it will invest $1bn to build the equivalent of a new factory to its already formidable U.S. production site. Following the expansion, BMW's U.S. complex will become the automaker's biggest, larger than any it operates in Germany, its home.
The airfreight operations of Emirates Airlines is on track for its move to Dubai World Central (DWC) with the first phase of the building being finished.
Construction on the South Batinah Logistics Hub, a strategic initiative of the Omani government to kick-start the growth of a logistics-based economic sector in the Sultanate, will be launched this year. Covering 9,000 hectares, the hub will incorporate Oman’s first ever inland port as well as dedicated zones earmarked for multimodal connectivity, light industries, value-adding activities, commercial services, warehousing and logistics, urban and residential developments, hotels and convention centres, and leisure areas.
Consolidation in the container shipping segment via alliances or mergers is likely to accelerate due to persistent overcapacity and freight rates pressure, Fitch Ratings says.
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