The double-digit growth recorded through most of 2017 added up to the strongest growth over a calendar year since 2010, IATA reported today, as freight tonne kilometers across the airfreight industry rose by 9 percent for the year, compared to 2016. Last year saw improvement in world trade conditions generally while
Author: Casandra Aniemeke
Airfreight rates still strong in lead up to Chinese New Year, says Freightos
Airfreight rates from China rose modestly last week, with increases in Chinese export demand ahead of the upcoming shutdown in a little over two weeks for the Chinese New Year. However, freight rates are currently well under levels seen in December, when heavy seasonal demand combined with bad weather to push shipments
Airport Authority begins evacuation of abandoned aircraft at Lagos airport
Abandoned Okada air aircraft at Benin airport Lagos (Punch) - The Federal Government, through its agency, Federal Airports Authority of Nigeria, has started evacuating abandoned aircraft at the Murtala Muhammed Airport, Lagos. The General Manager, Corporate Communications, FAAN, Henrietta Yakubu, told journalists on Monday that at least 13 aircraft belonging to different
Med-View suspends Dubai flight operations
Five days after Med-View Airline put on hold its service to London, the Nigerian flag carrier has suspended its Dubai operations till March. The airline’s Managing Director, Mr. Muneer Bankole, who disclosed this on Monday, said the suspension was to pave the way for aircraft maintenance and refurbishment. However, a source disclosed that
FedEx to make investments in Indianapolis hub expansion, wage increases
Indianapolis International Airport is the second largest domestic sorting facility for FedEx, with an of more than 10 million deliveries worldwide. FedEx announced plans to invest about US$1.5 billion into expanding its FedEx Express Indianapolis hub over the next seven years, creating a modernized and enlarged “SuperHub,” as well as accelerate
How Nigerian airlines’ll be shortchanged by Africa’s open skies treaty
Nigerian Maritime workers threaten strike over trucks parked along port access roads
Trucks parked and abandoned on Apapa-Lagos port roads. The Maritime Workers Union of Nigeria has issued a seven-day ultimatum to the Federal Government to remove all trucks abandoned on the Oshodi-Apapa Expressway and make access roads to the country’s seaports motorable. It said on Sunday that if the government failed to get
The biggest infrastructure nightmare facing the United States
Northeast corridor Amtrak train. Deep underneath the Hudson River between Manhattan and New Jersey lies a century-old rail tunnel, heavily damaged during Superstorm Sandy, that still carries 200,000 riders per day. New York (CNN) - Engineers say the tunnel should be replaced as soon as possible, at a cost of $12.7 billion. In
Lekki, Ikoyi tolls will rise Feb 1 – LCC
Admiralty Circle Toll Plaza on the Lekki-Epe Expressway, Lagos Lagos - Lekki Concession Company Limited (LCC)has announced that it will increase the toll tariffs being charged at the Admiralty Circle Toll Plaza on the Lekki-Epe Expressway and the Lekki-Ikoyi Link Bridge Toll Plaza with effect from Thursday, February 1, 2018. The LCC’s
Nigeria’s major highway to get Standard truck transit park
Lagos - As part of an effort to ensure the free flow of traffic along Ore expressway, the Federal government of Nigeria has approved the establishment of a standard transit park for Ondo state government in the cosmopolitan town of Ore. The Special Adviser to the state governor on Transportation, Hon Tobi