Air Cargo News.Jul 30, 2007 Bill requires cargo screening for passenger airlines. Congressional negotiators have agreed on a compromise bill requiring commercial cargo to undergo security screening before being loaded on to passenger flights. Jul 27, 2007 ABX Air ABX Air (NASDAQ: ABXA) is a cargo airline based in Wilmington, Ohio, USA. It operates scheduled, ad hoc charter and ACMI freight services, including overnight express small-package services and freight in the USA, Canada and Puerto Rico. ABX Air "unanimously rejected" Astar Air Cargo's proposal to acquire it for more than $450 million in cash. ABX ABX Antibiotics ABX Airborne Express ABX Abstracting ABX Albury, New South Wales, Australia - Albury (Airport Code) ABX Automatic Branch Exchange ABx Non-Antibiotics ABX Asset Backed Securities Index ABX Acoustic Bass Extension and Astar are DHL's primary subservice carriers in the US and the latter late last month issued an "indication of interest" to purchase the former and merge their air operations, which both are based at DHL's Wilmington, Ohio For other places with the same name, see Wilmington (disambiguation). Wilmington is a city in Clinton County, Ohio, United States. The population was 11,921 at the 2000 census. It is the county seat of Clinton County. , hub . In a letter to Astar Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Dasburg John H. Dasburg was born in Queens, New York in 1943. He grew up in Miami, Florida and served in the United States Navy during the Vietnam War. He attended the University of Florida for college, and used the GI Bill to get his MBA also from UF. , ABX President and CEO Joe Hete wrote that the board had examined Astar's proposal and "decided to reject your overture as it would not deliver adequate value to our stockholders relative to the value creation opportunity in the company's business plan." Jul 25, 2007 ABX Air ABX Air announced that its Board of Directors has reviewed ASTAR Air Cargo ASTAR Air Cargo is an American cargo airline based in Miami, Florida, USA. It operates regularly secheduled cargo charter services to over 34 US airports and nine international airports, as well as worldwide charter freight services. Holdings, LLC's unsolicited indication of interest to acquire the Company and has unanimously rejected the proposal as not being in the best interest of ABX Air stockholders. Jul 23, 2007 ABX Air, Astar Air Cargo Astar Air Cargo yesterday withdrew its "indication of interest" in acquiring fellow DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature subservice carrier ABX Air for more than $450 million in cash. The move came a day after ABX President and CEO Joe Hete informed Astar Chairman, President and CEO John Dasburg that the proposed acquisition had been "unanimously rejected" by ABX's board. Dasburg wrote yesterday in a brief letter to the ABX board that Astar's proposed offer of $7.75 per share represents "a full and fair price and is generous." Rather than increasing the offer, Astar's board "unanimously determined to pursue other alternatives and we are, therefore, withdrawing our indication of interest," he wrote. Both airlines' operations are based at DHL's primary US air hub in Wilmington, Ohio. Jul 26, 2007 Djibouti Airlines Djibouti Airlines is an airline based in Djibouti. It operates regional scheduled and charter services using wet leased aircraft as required, as well as being actively engaged in relief operations in East Africa. Its main base is Djibouti-Ambouli International Airport[1]. , Antonov Djibouti Airlines An-26 crashed Monday near Shinile, Ethiopia, killing one passenger. There were 13 passengers and six crew onboard the cargo flight, which departed Dire Dawa Dire Dawa or Diredawa (both: dē'rədä`wä), city (1994 pop. 164,851), Harar region, E Ethiopia. It is a commercial and industrial center located on the Addis Ababa–Djibouti railroad. , Ethiopia, and was on its way to Djibouti City, according to the Flight Safety Foundation's Aviation Safety Network. The aircraft reportedly suffered engine problems and was attempting an emergency landing when it crashed. Jul 25, 2007 FedEx FedEx freight trucking operations, FedEx Freight and FedEx National LTL LTL - Linear Temporal Logic , announced a 25 percent cut in fuel surcharges Monday. Jul 23, 2007 Lufthansa Lufthansa Cargo reported a 35.5% profit decline to [euro]40 million, Lufthansa Technik an 8.1% profit increase to [euro]134 million, Lufthansa Systems a 26.3% decrease to [euro]14 million and Catering a reversal to a [euro]36 million profit from a [euro]9 million loss in the year-ago semester. The Service and Financial Companies segment saw profit more than double to [euro]161 million. Jul 27, 2007 Royal Jordanian Royal Jordanian is launching a weekly Amman-Damascus Boeing 737-200 freighter service. The aircraft will have a capacity of 14.5 tons. RJ said it is "also studying the possibility of opening new freighter routes to other points in the Levant Levant (ləvănt`) [Ital.,=east], collective name for the countries of the eastern shore of the Mediterranean from Egypt to, and including, Turkey. ." Jul 24, 2007 UPS United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world. reported second-quarter net income of $1.1 billion, slightly improved over net earnings of $1.06 billion in the year-ago quarter, citing gains in its air-driven international business including a 14% jump in international export revenue. "Strong gains in our international package segment offset a lack of growth in the US business," Chairman and CEO Mike Eskew said. Revenue increased 3.8% to $12.19 billion as operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. lifted 4.1% to $1.77 billion. The parcel delivery giant said Asia export volume climbed 25%, "with particularly strong growth out of China." It said a "dynamic global marketplace" gives it confidence in "long-term growth prospects" despite a "challenging" US market. Jul 26, 2007 UPS John Fain fain adv. 1. Happily; gladly: "I would fain improve every opportunity to wonder and worship, as a sunflower welcomes the light" Henry David Thoreau. 2. , a long-time executive of Overnite Transportation who continued his responsibilities after United Parcel Service acquired that company, now is taking on global responsibilities for marketing and sales for UPS Freight. Jul 26, 2007 UPS UPS Unveils New Online Service to Simplify Tracking, Billing Package-delivery company United Parcel Service Inc. said Wednesday it started a service called Express Critical that aims to simplify shipping for commercial customers. Jul 25, 2007 ZZ Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved. |
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