financial
-
15th Freighters and Belly Cargo World Conference takes place in Budapest, Hungary
BUDAPEST, Hung.–Budapest Airport aims to turn Hungary into the gateway to Europe. While this remains a priority, the development of the Hungarian economy provides a good basis and demand for the cargo airlines. These were amongst the most important points…
-
Stakeholders should “take lessons from the past” in dealing with Port Metro Vancouver challenges: consultant
MISSISSAUGA, Ont.–Scott Galloway, a transportation consultant and the West Coast representative for the Freight Management Association of Canada, gave a speech at the CILTNA GTA region chapter’s Mini Outlook Transportation Conference Tuesday, outlining the “pending challenges” at Port Metro Vancouver.…
-
Surveys find 3PLs ‘hitting their stride’ amid economic uncertainty
SAN ANTONIO, Tex.–Today, the 21st Annual Surveys of Third-Party Logistics Provider CEOs, sponsored by Penske Logistics, revealed that 3PL CEOs are confident about the current state and future revenue growth of their companies and the regional 3PL industries. The annual…
-
Seabury Group CEO addresses airline industry on global strategies for successful operations
ABU DHABI, UAE–What makes the difference between success and failure in the airline industry? During his keynote address at the first World Financial Symposium in Abu Dhabi today, John E. Luth, the founding partner, Chairman and Chief Executive Officer of…
-
Technology enabling services to grow as a share of trade in one economy after another: EDC chief economist
OTTAWA, Ont.–Peter G. Hall, Vice-President and Chief Economist, EDC, noted in a recent editorial that technology is enabling the growth of services as a share of trade. Back in 1970, manufacturing output accounted for about a quarter of the US…
-
IAS ChassisManager facilitates asset reuse
OAKLAND, Ca.–International Asset Systems (IAS), which provides cloud-based solutions for intermodal transportation, said that its neutral chassis provisioning and billing platform, ChassisManager, now enables motor carriers and ocean carriers to efficiently manage the financial and liability aspects of asset re-use or…
-
Truck seller becomes bio-fuel producer
CHATHAM, Ont. – A used truck dealer plans on turning waste wood by-products into diesel fuel. “All of the provinces are increasing their [fuel] blending requirements, so we see this as the future,” said TATRO Trucks Ltd. corporate financial controller…
-
Transport Canada divests three ports in Newfoundland to local business groups
CONCEPTION BAY SOUTH, NL–The Honourable Lisa Raitt, Minister of Transport, announced the divestiture of the ports of Long Pond, Botwood and Main Brook, NL to local business groups. These divestitures include an investment of over $22 million for the continued…
-
Algoma Central Corporation president and CEO to retire
ST. CATHARINES, Ont.–Greg Wight, President and CEO of Algoma Central Corporation today announced to employees his plan to retire from the Corporation during the 1st quarter of 2015. Greg joined the Marine Division of Algoma Central Railway in January 1980…
-
Global box ports to handle 840 million TEU by 2018 as new players spark growth
LONDON, U.K.–A combination of faster traffic growth and strong profit levels is attracting aggressive new players to enter the container terminal-operator business. “Financial investors are particularly active at present, attracted by typical EBITA margins of between 20 per cent and…