CONSOLIDATORS INTERNATIONAL AND 2009
Three months ago when the stock market started to head towards meltdown and the export volumes so no pre Christmas season surge, the CII team realized we would have to make adjustments to our business model to accommodate declining freight volumes. For my colleague Peter Lamy and me who started the business sixteen years ago [...]
AIRLINES CONTINUE TO PARK UP AIRCRAFT
There are some industries that are at the coal face of the real world and transportation is one of them. While Chinese government and the media tell us that China, our supplier of every imaginable piece of junk, will continue to enjoy 6% plus growth in its economy, it is in stark contrast to what [...]
Lehman Brothers vs SAS
This week Timothy Pfeil, a two year employee of SAS between 2005 and 2006, has been sentenced to six months in jail for price fixing and joins ex`Qantas cargo executive, Bruce McCaffrey in the big house. Pfeil, formerly of Lufthansa, is just like the rest of the airline cargo executives, mere pawns in the fuel [...]
Red Faced Qantas Management
Yesterday a Qantas 747-400 passenger aircraft took off from Hong Kong bound to Melbourne and at 29,000 feet part of the fuselage skin by the wing tore off. The flight crew quickly brought the aircraft down to 10,000 and sought permission to land at MNL. An hour later passengers disembarked the airplane to see a [...]
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