Business NEWS

International Container Terminal Services, Inc. (ICTSI),  is connecting its 31 terminals in 19 countries to the TradeLens Blockchain network to track its global cargoes faster.

International Container Terminal Services, Inc. (ICTSI) reported just a slight dip in unaudited consolidated attributable net income to US$182.6 million in the first nine months of 2020 from the US$184.9 million earned in the same period last year.

International Container Terminal Services, Inc. (ICTSI) continues its push for environmentally sustainable technology in its operations with the recent delivery of eight new hybrid rubber-tired gantries (RTG) for its flagship Manila International Container Terminal (MICT).

NEW YORK (AFP) – Pressured by a prolonged commercial travel downturn and the hit from the 737 MAX crisis, Boeing on Wednesday announced an additional 7,000 job cuts that will lower headcount by 30,000 positions over two years.

International shipping lines balk at paying an extra P5.4 billion as the Philippine Ports Authority (PPA) seeks to impose never-before-assessed arrastre rates on empty containers.

With the resumption of international leisure travel and with travel agency operations again allowed to resume operations, the Philippine Travel Agencies Association (PTAA) has renewed calls for airlines to fully refund P315.55 million in cancelled flights since March when the government-imposed travel restrictions.

The Light Rail Manila Corporation (LRMC),  private operator and maintenance provider of LRT-1, today (Oct 20) announced it’s adjusting passenger loading capacity to 30 per cent gradually, up to 50 percent later on.

Global express service provider DHL Express, was the second best workplace in the planet (after Cisco, at number one) this year, out of over 10,000 organizations surveyed in 92 countries.

A transport cooperative operating solar electric jeepneys in Las Pinas provided 25,735 passengers with cashless cards worth P30 each,  at promo rates, both for the load and the card.

The Department of Finance (DOF) said that local airlines have yet to submit the final loan plan to activate their P700 million financial support earmarked under the government’s economic stimulus programs.

A subsidiary of International Container Terminal Services, Inc. has started commercial operations at the Multi-Purpose Terminal of the Port of Kribi in Cameroon, Central Africa.

WASHINGTON (AFP) – The US Treasury on Tuesday announced it had reached a deal with seven major US airlines including American and United to offer them loans in a bid to stave off job cuts amid the coronavirus crisis.

Despite the ongoing pandemic, TecPlata port terminal in Argentina has begun receiving imports from the Far East with the first shipment from China through a new Far East service provided by Evergreen Marine Corporation.

NEW YORK (AFP) – United Airlines said Wednesday it plans to lay off up to 16,000 workers amid a prolonged industry downturn due to the coronavirus and the continuing stalemate in Washington over further federal support for the industry.

With airlines mostly grounded for  half a year, passenger demand in July collapsed 91.9% versus 2019 levels, according to the latest data from the International Air Transport Association (IATA).

SAN FRANCISCO (AFP) – The US aviation authority is investigating manufacturing flaws in the Boeing 787 after the company reported that certain plane parts did not conform to its production standards.

Cargo, one of the least glamorous aspects of flying, is proving a rare ray of light for airlines amid the coronavirus gloom.

With airlines mostly grounded for  half a year, passenger demand in July collapsed 91.9% versus 2019 levels, according to the latest data from the International Air Transport Association (IATA).