New York (AirGuideBusiness - Air Cargo & Shipping News) May 27, 2012
Amtrak Amtrak reorganization splits operations into 4 business lines. Amtrak will establish four major business lines as part of a restructuring of its operations management setup. The lines will be Commuter Services, Long-Distance Services, Northeast Corridor Services and State Supported Services. The multiphase roll-out will take place over the next 16 months. May 22, 2012
Atlas Air Atlas Air Worldwide to Host Investor-Analyst Day on Wednesday, June 6. Atlas Air Worldwide Holdings, Inc. (AAWW), a leading global provider of outsourced aircraft and aviation operating services, will host an investor-analyst day on Wednesday, June 6, and will broadcast presentations by senior management live via the Internet beginning at 9 a.m. Eastern time and concluding at noon. William J. Flynn, Atlas Air WorldwideOs President and Chief Executive Officer, will host the day and be a principal speaker. Other key speakers will be John W. Dietrich, Executive Vice President and Chief Operating Officer; Michael T. Steen, Executive Vice President and Chief Commercial Officer; Spencer Schwartz, Senior Vice President and Chief Financial Officer; and Adam R. Kokas, Senior Vice President, General Counsel, Chief Human Resources Officer and Secretary. Interested parties are invited to listen to the Webcast live over the Internet at http://www.wsw.com/webcast/aaww5. For those unable to listen to the live Webcast, an archived replay will be available through the CompanyOs website (www.atlasair.com) shortly following the conclusion of managementOs presentations. May 25, 2012
BNSF BNSF: Texas and the Gulf should prepare for port growth now. A widened Panama Canal will have little effect on freight shipments to the Gulf Coast, according to John Lanigan, BNSF executive vice president and chief marketing officer. However, he supports the idea of port enhancement work in Texas. "We think ports over time are going to grow because the population is going to grow," said Lanigan. "Anything that makes the supply chain more efficient, which this will, is good for the economy." May 25, 2012
BNSF BNSF: Infrastructure investment in Mo. to reach $130M in 2012. BNSF plans invest $130 million to enhance its rail network in Missouri this year. Infrastructure projects will include track upgrades, tie replacements and signaling improvements as part of the Class I's $3.9 billion capital budget for 2012. May 23, 2012
BNSF BNSF, shippers' plea on proposed Seattle arena a "serious matter". Local officials should pay attention to BNSF, the Port of Seattle and other shipping entities' claims that a proposed sports stadium in Seattle will disrupt the flow of freight transportation, according to this editorial. "It is true that most of the freight moves in the day and the games are in the evening, but game traffic builds up several hours before the games. Already, the two stadiums have to separate their game times by at least four hours to avoid gridlock," the editors write. May 22, 2012
Boeing, UPS Boeing Delivers UPS's 50th 767 Freighter. Boeing and UPS celebrated the delivery today of the cargo operator's 50th 767-300ERF Freighter. The airplane joins the world's largest 767 Freighter fleet. "The Boeing 767 Freighter is the workhorse of our fleet," said UPS Airlines President Mitch Nichols. "This versatile widebody is an important element in UPS's global logistics network, helping us reach over 200 countries and territories each day." The 767 Freighter is based on the popular 767-300ER (extended range) passenger airplane. Able to carry approximately 58 tons (52.7 tonnes) of revenue cargo with intercontinental range, the 767 Freighter is ideal for developing new long-haul, regional or feeder markets. "UPS is one of the world's premiere air-cargo carriers," said John Wojick, Boeing Commercial Airplanes vice president of North America Sales. "They have demonstrated the versatility and high reliability of the 767 Freighter, helping establish it as the preferred airplane for the mid-sized freighter market." UPS benefits from the 767's established schedule reliability, performance and operational advantages. Schedule reliability -- an industry measure of departure from the gate within 15 minutes of scheduled time -- is over 98 percent for the 767. UPS boasts a 767 Freighter fleet reliability of over 99 percent. In addition to the 50 767 Freighters, Boeing also has delivered 75 757-200 Package Freighters and eight 747-400 Freighters to UPS. The Louisville, Kentucky-based logistics services provider has nine more 767 Freighters on order. May 22, 2012
CAI International CAI International, Inc. Announces Intention to Issue Senior Secured Notes. CAI International, one of the worldOs leading lessors of intermodal freight containers, today reported that the Company intends to issue $100 million of fixed rate senior secured notes. CAI intends to issue approximately $100 million in senior secured fixed rate private placement notes through its subsidiary, Container Applications Limited. The notes are being structured to be secured by certain container assets and associated leases. The company currently intends to issue the notes in June but such issuance is dependent on market terms and conditions prevailing at the time and the Company reserves the right to not...