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IATA partner completes drone test flight programme
FARNBOROUGH, UK: July 17, 2018. Drone manufacturer...

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Hactl becomes first to complete IATA SFOC
HONG KONG: July 17, 2018. Hong Kong Air Cargo Term...

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Freightos and Lufthansa launch rate platform
LONDON: July 17, 2018. Lufthansa Cargo and Freight...

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Antonov building on 2017 growth
LONDON: July 17, 2018. Having recorded an 81 perce...

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Delta and Korean Air begin trans-Pacific cargo collaboration
ATLANTA: July 17, 2018. Delta Air Lines Cargo and ...

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Southwest begins international cargo service to Mexico
HOUSTON, TX: July 16, 2018. Southwest Airlines Car...

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Volga-Dnepr to order 34 new widebody freighters
FARNBOROUGH, UK: July 17, 2018. Volga-Dnepr Group ...

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APL Logistics joins Blockchain in Transport Alliance
SINGAPORE, July 16, 2018. APL Logistics has joined...

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IoT platform to monitor pharma shipments in flight
FARNBOROUGH, UK: July 16, 2018. AirBridgeCargo Air...

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IATA partner completes drone test flight programme
Hactl becomes first to complete IATA SFOC
Freightos and Lufthansa launch rate platform
Antonov building on 2017 growth
Delta and Korean Air begin trans-Pacific cargo collaboration...
Southwest begins international cargo service to Mexico
Volga-Dnepr to order 34 new widebody freighters ...
APL Logistics joins Blockchain in Transport Alliance
IoT platform to monitor pharma shipments in flight...

Latest News

SWW JAL deal
20 Jul, 2018

JAL Cargo to use Silk Way for Japan-EU trade

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BAKU, Azerbaijan: July 20, 2018. Following the signing of a new EU-Japan trade deal that…
V D Liege
19 Jul, 2018

Liege Airport adds Volga-Dnepr to Cainiao Network

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FARNBOROUGH: July 17, 2018. Volga-Dnepr Group (VDG) and CargoLogicAir (CLA) have signed…
Airbus UAS
18 Jul, 2018

Airbus to determine drone delivery viability for medical supplies

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FARNBOROUGH: July 18, 2018. Airbus and International SOS, a medical and security risk…
VTG tank wagons
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Rail lessor VTG rejects Morgan Stanley bid

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HAMBURG: July 16, 2018. VTG Aktiengesellschaft, a European rail leasing and logistics…
Panalpina perishables
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BASEL: July 17, 2018. Panalpina has agreed to acquire a majority stake in…
Embraer Farnborough
16 Jul, 2018

Embraer’s market outlook to reach US$600 billion

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FARNBOROUGH, UK: July 16, 2018. United Airlines has ordered 25 Embraer E175 jets at a…
comsa
13 Jul, 2018

SNCF acquires first private rail operator in Spain

in Rail
BARCELONA: July 13, 2018. SNCF Logistics is to acquire COMSA Rail Transport from Spanish…
Edmonton International Airport
12 Jul, 2018

Edmonton eyes Canada first with CEIV

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EDMONTON, Canada: June 11, 2018. Edmonton International Airport is aiming to be the first…
Virgin Hyperloop Texas
11 Jul, 2018

Texas considers hyperloop route to Mexico

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DALLAS-FORT WORTH, TX: July 11, 2018. The Dallas-Fort Worth Regional Transportation…

PRESS RELEASE

December 09, 2014: Over the last decade, the operating environment on the Transpacific has been challenging, with the overall trade delivering unprofitable results for nine of the last ten years leading some to question the long-term health of the trade.

As a result, we have taken a detailed look at the economics of the trade with a focus on ensuring we secure our position.

Today we announce that we are reducing our capacity to the Pacific Southwest. In doing so, we will be closing our current TP5 service as of January 15th, 2015; and cease offering our direct Taiwan Express product to the Pacific Southwest as of January 1st, 2015.

This by no means suggests our commitment to the Transpacific trade has wavered. In fact, we see it very much the opposite. As we look toward the future, we want to continue playing a critical role in the supply chain of our customers on the trade.

However, the long-standing downward pressure on profitability in the Transpacific represents a serious risk to service levels. We will not take the lead but rely on the Transpacific Stabilization Agreement to address the profitability challenge to the benefit of all stakeholders.

To ensure we provide the necessary coverage for our customers, all key corridors will continue to be serviced by alternate options.

For the customers who are using our current TP5 service today, North China and Korea markets will be covered by our new East-West network, launching this January, which will provide the finest products in the market with best-in-class transit times. For the Japan market, effective from January 16th, 2015, we will launch a new TP5 product with reduced capacity covering Busan, Yokohama, Los Angeles, and Oakland.

Maersk has also announced it will begin a new weekly direct service with 10 x 3.500 TEU vessels from Jebel Ali, Mundra and Nheva Sheva to South and West Africa from 24th January 2015. The rotation will be: Jebel Ali, Mundra, Jawarharlal Nehru (JHT), Durban, Luanda, Apapa, Tincan, Cotonou, Port Elizabeth, Durban, Port Louis, Jebel Ali.

Within Africa, Maersk will operate a new direct product from Durban to Luanda, Apapa, Tincan and Cotonou; Cape Town into Luanda, and Cotonou via transshipment in Durban. Cape Town into Lagos remains on our FEW1 direct service

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