Month: February 2010

February 26, 2010 Edward

MORE than $1 billion was wiped from Toll Holdings’ market value yesterday after the transport and logistics company posted a worse than expected fall in first-half profit. The company, renowned for its acquisitive bent, reported a 32 per cent fall in net profit to $107 million for the six months to December 31, which included…

February 17, 2010 Edward

Most carriers from Europe and Asia are applying the so called Econo or Slow Speed in order to save bunker (fuel) costs. Generally the ships are sailing with around 20-22 knots, now they will slow down to around 16 knots resulting in increased transit-times of 2 to 7 days depending on distance travelled. In order…

February 17, 2010 Edward

More flights, greater competition and lower fares on routes between Australia and China are now possible following the signing of a new air services agreement. The new arrangements will increase the available seats on routes between China and Australia by 70 per cent by the end of this year, and, consequently, air cargo capacity. The…

February 17, 2010 Edward

Beginning on February 2, 2010 Heinz and SCT Logistics began trialing rail services between Melbourne and Brisbane. Heinz frozen/export distribution manager Craig Kinzett said that Heinz was keen to support the trial, which offers a similar service to that which they enjoy on the East-West rail corridor. “It is clear that rail provides a greener…

February 15, 2010 Edward

As a result of recent changes in the price per barrel of crude oil and its related derivatives, certain airlines including Qantas have advised they will be increasing their fuel surcharge fee on Australian exports effective February 16, 2010. Source: DHL Global

February 12, 2010 Edward

The latest ABS retail trade figures show that sales in December fell 0.7 per cent, seasonally adjusted, compared with a rise of 1.5 per cent the previous month. Sales fell, in seasonally adjusted terms, across four retail industry groups: Department Stores (-3.5%), Clothing, Footwear & Other Personal Accessory Retailing (-1.9%), Food Retailing (-1.3%) and Household…

February 11, 2010 Edward

Please be advised that there is a winter storm in New York. Due to the weather airlines have cancelled today’s flight and all infrastructures such as airports and ports have been affected. This has also impacted our US operations hence there will be no pickups or deliveries. We are not sure what the weather will…