Korean Air, the world's largest air cargo carrier, said on Sunday that cargo demand had hit bottom, but there would not be a recovery until U.S. consumers resumed buying Asian goods.

Japan Airlines (JAL) has applied to the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to revise from July 1, 2009, its international cargo fuel surcharge for flights departing from Japan only.

The consolidation of China Eastern Airlines and Shanghai Airlines has started, a move that will give China Eastern a 50 percent market share in Shanghai, a senior executive at Shanghai Airlines said.

Evergreen Line and China Shipping Container Lines said they have agreed to cooperate on their Asia-Europe, Asia-Mexico-US East Coast and Asia-US West Coast services commencing June, 2009.

The government will encourage Yangshan Deep-water Port to become a transaction hub for domestic shipping lines.

GUANGZHOU, June 4 (GCTL) - China Southern Airlines looks set to be the first mainland carrier to fly out of the financial turbulence after getting a capital injection of 3 billion yuan (US$439.02 million) from the government, China Daily reported, citing a company official.

CHINA's airline gained a profit of CNY1.78 billion (US$260.8 million) from CNY45.6 billion revenue in the first quarter.

According to international traffic data released by the International Air Transport Association (IATA), air cargo demand dropped 21.7% in April compared with April 2008. However, IATA says that airfreight demand appears to have found a solid floor with a fifth consecutive month at more than 20% below previous year levels.

Yangtze River Express will launch a new service between Shanghai and Dallas Fort Worth International Airport (DFW) International Airport on May 22nd.

China Eastern Airlines has suspended its Shanghai-to-London because of "poor operational performance".

China Eastern Airlines is expected to receive a further CNY2 billion ($294 million) capital injection from the Chinese government to help the struggling carrier survive.

CMA CGM and Maersk will launch a new joint service linking North Asia and the Black sea on May 20th.

Shanghai Airlines is expected to reduce capacity in its unprofitable cargo operation and expand into the South China market by establishing a second domestic base at Fushan in Guangdong Province for its subsidiary China United Airlines as it seeks to return to profit after losing CNY1.25 billion ($182.8 million) in 2008

According to a new market research report from Reportlinker, the 3PL industry will boost the development of logistics in China, considering the constant expansion of foreign companies in China, the increasing demand for outsourcing, and government measures to stimulate the industry.

China's air cargo industry has been growing steadily during the recent years, but the domestic carriers are still much weaker than foreign rivals and most of the market has been dominated by overseas companies. This was the view forwarded by experts attending the recently held 6th China Air Cargo Summit, according to Xinhua's report.

EXPERTS speaking at the recent 6th China Air Cargo Summit in Guangzhou said that the Chinese domestic air cargo market showed a slow recovery in March after three consecutive months of decline.

Tallink’s net loss grew to 323 million Estonian kroon (EUR 21 million) from the 111 million kroon in the previous period. Turnover declined by five per cent to 2.6 billion kroon.

Privately-owned Chinese airlines that sprouted up during an industry deregulation are now facing nationalization as they suffer a cash crunch and their state-owned counterparts got cash injections to weather the global economic downturn.

According to an April 13th SEC filing, FedEx will permanently remove from service ten Airbus A310-200 aircraft and four Boeing MD10-10 aircraft, along with certain excess aircraft engines.

Logistics is just one of the strengths that keeps Hong Kong at the center of many companies' strategies for China. That's good news for the former British protectorate because in recent years it has seen nearly 1 million manufacturing jobs move across the border into Mainland China. Its economy is now roughly 86% services, with logistics being one of its major industries and an area targeted for further development.