Air Cargo & Shipping News.

 
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New York (AirGuideBusiness - Air Cargo & Shipping News) Jan 22, 2012

Association of American Railroads AAR reports increase in weekly rail traffic . The Association of American Railroads on Thursday reported an increase in weekly rail traffic for the week ending Jan. 14, with U.S. railroads originating 298,560 carloads, up 5.5% compared with the same week last year. Intermodal volume for the week totaled 229,091 trailers and containers, up 7.4% compared with the same week last year. Jan 20, 2012

BNSF Sen. Kirk visits BNSF yard in Ill., promises action against new regulations. Sen. Mark Kirk, R-Ill., went on a tour of BNSF's rail yard in Galesburg, Ill., and pledged to oppose new regulations that would hinder the Class I's growth. "I'm worried about new regulations that would make fuel more expensive, cause the railroads to invest heavily in new technology that doesn't add to the bottom line of their ability to add employment," Kirk said. Jan 19, 2012

California Gov. Brown: Calif. reiterates need for HSR. California Gov. Jerry Brown is calling for large investment in infrastructure, urging state lawmakers to approve funding for the first section of the proposed 520-mile high-speed rail system connecting San Francisco and Los Angeles. "Those who believe that California is in decline will naturally shrink back from such a strenuous undertaking" as HSR, Brown said. "I understand that feeling, but I don't share it, because I know this state and the spirit of the people who choose to live here." Jan 19, 2012

Canadian National CN: New bridge in Wisconsin could reduce congestion, boost speeds. Construction of a new rail bridge over the Fox River in Oshkosh, Wis., is scheduled to begin this month. The structure will reduce congestion and allow trains to move more quickly, according to Canadian National Railroad spokesman Patrick Waldron. "This is a significant capital investment to replace a century-old piece of infrastructure," Waldron said. Jan 20, 2012

Canadian Pacific CP to invest heavily in network enhancements this year. Canadian Pacific plans to increase its capital expenditures with USD1.1 billion to USD1.2 billion "for infrastructure renewal, network enhancements and expansion projects," according to CP. "At CP, we are executing our accelerated multi-year investment plan to further improve service reliability, asset velocity and operational efficiency, while expanding capacity to safely and efficiently support higher volumes," CP CEO Fred Green said. Jan 18, 2012

Canadian Pacific CP makes USD3.9M land purchase in B.C. city for future expansion. Canadian Pacific has acquired a 58-acre property worth nearly USD4 million in Pitt Meadows, British Columbia, to be used for future development. "This is just normal course of business in acquiring this land to be in a position for potential future use," said Kevin Hrysak, CP media relations manager for Canada. Jan 18, 2012

Cathay Pacific Airways Cathay Pacific 2011 Cargo Volume Falls. Cathay Pacific Airways, the world's largest air cargo carrier, said on Monday that its December freight volume fell about 12 percent, ending 2011 on a disappointing note, and it saw no sign of improvement in the near term. Cathay and its unit Dragonair moved a total of 142,122 tonnes of cargoes and mail in December, down 11.9 percent from the same month in 2010, pushing its full year throughput down 8.6 percent to 1.65 million tonnes, it said in a statement. "The traditional year-end peak for our cargo business simply didn't happen and our December figures were a disappointing end to what was a challenging year overall," said Cathay's General Manager Cargo Sales & Marketing James Woodrow. "Demand out of our key markets in Hong Kong and Mainland China remain soft and there is no sign of any upturn in prospect as we move into 2012," he said. Cathay enjoyed record profits in 2010 when the market rebounded from financial crisis but cargo demand has been falling since April 2011 as demand for Chinese goods slowed amid global financial market turmoil. Cargo load factor was down 9.6 percentage points to 67.8 percent in December. Analysts said Cathay had taken steps to mitigate the impact of a slowing global economy and weak cargo demand from China. The company had cut 2012 estimated passenger and cargo capacity growth to 7 percent and 10 percent year-on-year, from a previous target of 13 percent and 17 percent, respectively, Daiwa Securities analyst Kelvin Lau said. "The overall industry outlook is relatively bearish and there is no sign of rebound on the cargo side," he added. "Cargo throughput is likely to continue to decline in the first half of 2012 and may rebound in the second half on low comparison basis as the global economy might not deteriorate further," Lau said. However, its passenger traffic continued to grow last month, to 2.46 million passenger, up 7.9 percent, although passenger load factor eased 0.5 percentage points to 79.6 percent. In 2011, it carried 27.6 million passengers, up 2.9 percent. "The biggest area of concern was the continuing pressure on yield in the economy cabin, particularly on long-haul routes," Cathay's General Manager Revenue Management James Tong said. "We'll be seeing high loads again over the upcoming Chinese New Year peak but yield will remain an area of concern." Jan 16, 2012

Cathay Pacific Airways, Airbus Cathay Pacific Orders Six Airbus A350s. Hong Kong's dominant carrier Cathay Pacific Airways said on Friday that it has signed a deal to buy six Airbus A350-900 aircraft with a total list price of USD1.628 billion for delivery between 2016 and 2017. The company said in a stock exchange filing that it would pay for the aircraft in cash in eight instalments, to be funded by loans, other debt instruments and internal cash. The Airbus aircraft would replenish and expand the company's fleet capacity and will principally serve long-haul destinations in Europe, the statement said. Jan 20, 2012

CSX, Schneider National CSX, Schneider extend intermodal partnership in Eastern U.S.. CSX Transportation and Schneider National will extend their partnership for intermodal services in the Eastern U.S. with a multi-year contract. "The current economic conditions and business environment tell us there will be more interest than ever in finding cost-effective, reliable modes for moving freight," said Bill Clement, CSXT's vice president of intermodal. "Increased use of intermodal service is certain to be a part of that conversation." Jan 18, 2012

Ferromex Ferromex added 82 energy-efficient locomotives to its fleet in 2011. Ferromex strengthened its fleet of SD70Ace locomotives last year, taking delivery of 82 units from Electro-Motive Diesel. The energy-efficient locomotives meet the Tier 2 emissions standards set by the Environmental Protection Agency. "The new additions will be key to our plans for 2012 and beyond,," said Ferromex CEO Rogelio Vlez. Jan 16, 2012

FZS, CCEC Tanga-Arusha-Musoma railway skips Serengeti National Park. Tanzania and Uganda have agreed that a proposed joint commercial rail track that runs from Tanga-Arusha-Musoma-Kampala, would not cross through the Serengeti National Park, ending 12 months of speculations. As it stands now, the USD1.9 billion railway line that will link Tanga harbor and the Lake Victoria side dock of port Bell in Kampala via Musoma port, would route nearly 100 km south of the Serengeti border in a bid to protect the ecosystem. The Tanzanian Minister overseeing the transport portfolio, Omar Nundu, told The Guardian on Sunday that the ambitious railway line project will not touch the Serengeti Park, as it has been speculated. ORest assured that the railway line would be constructed a 100 km south of the Serengeti National Park sprawling border,O Engineer Nundu said, allaying fears. Frankfurt Zoological Society (FZS) was quick to applaud the two East African states for demonstrating that they are concerned by the Serengeti Ecosystem and that the planned regional development will be in harmony with the World Heritage site. OWe are very glad that the cross border railway line will pass through the densely-populated areas to the south of the Serengeti where there is much more commercial potential, instead of the ecological fragile areas in the north,O said Dr. Markus Borner, the Africa Director of the Frankfurt Zoological Society. Dr. Borner added: OWe now have a solid development model that gives maximum support to the economic growth of the region without endangering the migration of nearly two million animals in the world-renowned national park.O Commissioning Engineer Nundu and his Ugandan counterpart, Dr. Chebrat Slepher, recently signed an agreement with a Chinese Civil Engineering Construction Corporation (CCEC) for the construction of a Tanga-Arusha-Musoma railway. Under the multi-million-dollar project, the CCEC has been commissioned to conduct a feasibility study and implementation of the project. The entire project, worth USD3 billion, will include the construction of the nearly 880 km railway line, the Mwambani port in Tanga, Musoma dock, and another at Port Bell in Uganda. The project will be ready by 2015. Mr. Nundu said that plan also will see the Tanga and Musoma ports dedicated to handle cargo traffic destined to Uganda and...

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