Quick News for Thursday/Friday 22 Sep – 23 Sep 2005
FedEx profits rise
FedEx beat analysts expectations for the 3 months ending August 31.
Not everyone is doing so well - United Airlines reports a $30 million dollar loss for the month of August
In the same article, Northwest airlines plans to layoff 1400 fligh attendants.
The Port of Portland is looking at sites in Jackson County to open a freight transfer station close to rail in an effort to move cargo more efficiently :
As part of the Connect Oregon initiative to improve all forms of transportation, his commission is “trying to improve our policy around the movement of freight,” he said.
Thorndike said the commission has met with the Oregon Rail Users League to look at ways to improve rail connections, potentially adding more runs in and out of the Medford area each day.
Other than the Port of Portland’s facilities, there are very few facilities in the state that unload and load large containers onto rail cars, Thorndike said.
Read the whole thing here.
In China news, China has a 5 year plan to develop a sorely needed modern, efficient logistics system. :
The vice-minister said that Chinas modern logistics industry is now transiting from the infant stage to a new stage of rational, practical and fast development. The social demand for logistics service is growing rapidly, the value added of the logistics industry is increasing steadily and various kinds of logistics enterprises are growing quickly.
And finally, India is looking to upgrade its ports in order to increase efficiency and capacity. . India desperately needs to improve their logistics infrastructure, particularly at the ports. Capacity is a huge problem, as many of the ports lack modern infrastructure, are overworked, and backlogs are very common. Some steamship lines have decided to reduce sailings out of India, at a time when they are needed most. The steamship lines that are reducing sailings are doing so due to backlogs and delays loading and unloading at the ports, and also from experiencing container delays as importers either fail to return the containers to port or the containers go “missing”. This also applies to exports to India as well. I have sent container shipments to India that took upwards of 2-3 weeks to get cleared and delivered to the customer because of the delays and backlogs caused at the ports. Read the whole article, it is a must read. India must upgrade their port system if they are to take advantage of their fast growing export economy.
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