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PRESS RELEASE

November 12, 2014: According to a new global survey of 260 heads of sustainability conducted by independent analyst firm, Verdantix, sustainability leaders have increasing executive committee influence, decision-making authority and budgetary contributions across 21 key initiatives spanning assurance, consulting, energy management, natural capital, reporting, supply chain and other sustainability activities.

Some 92% of responding firms have a sustainability leader who reports into the CEO or another member of the executive committee.

"We found that while few sustainability leaders point to large budget increases, our results reveal sustainability spending across entire organizations is typically up to ten times bigger than the sustainability team's budget with over two-thirds expecting corporate-wide spending growth" stated Yaowen Ma, Verdantix Analyst and author of the report.

The Verdantix report, "Global Survey 2014: Sustainability Budgets And Priorities" is based on interviews with senior sustainability decision-makers and budget-holders from 260 firms with revenues between $250 million and over $20 billion. The Heads of Sustainability were from 13 territories: Australia, Brazil, Canada, China, France, Germany, India, Mexico, the Middle East, Russia, South Africa, the UK, and the USA. Respondents' firms spanned 21 industries covering business and financial services, consumer services, energy and basic resources, manufacturing, and retail and consumer products.

Highlights from the report include:

  • CEOs Increasingly Recognize Sustainability Impacts Financial Performance: 28% of CEOs consider sustainability as factors that already impact quarterly and annual financial performance (21% in 2012)
  • CSOs' Budgets For Sustainability Vary Dramatically: 65% of CSOs own budgets of up to $2.5 million. 26% have budgets between $2.5 million and $15 million. 5% have over $15 million. 4% have no budget at all.
  • Firms Favour Spending On Employees: 28% of sustainability budgets are invested on employees and 21% is spent on consulting services. 10% of budgets are spent on assurance providers.
  • Improving EH&S, Energy And Sustainability Reporting Are Top Priorities: Over 90% of respondents cite improvements in health and safety, energy and environmental management as "very important" or "important".
  • 8 out of 10 firms already publish sustainability reports but only 39% of firms pay for external assurance of their entire sustainability or integrated report.

PRESS RELEASE

November 12, 2014: The Volvo Group's long-term commitment to sustainability in Brazil is paying off. Volvo stood out among 200 participating companies in the areas of energy efficiency, traffic safety programs and community actions in the business publication Exame Magazine's Sustainability Guide for 2014.

The selection of companies included in the guide is based on a methodology created by the Getúlio Vargas Foundation, a post-graduation institute in Brazil that evaluates the economic, social, environmental and general aspects of the companies. Being recognized as the most sustainable company in its sector is the outcome of a long track record of investments made by the Volvo Group in Brazil.

Volvo has made significant energy and emission reductions in Brazil over the past ten years. The energy used in vehicle production has been cut by 63% while carbon dioxide emissions were reduced by 48.5%. Several measures have been taken to achieve this, including the reuse of heat generated by machinery in the Curitiba plant to produce hot water for the plant, the installation of systems that automatically shut down machines when not in use, improvements to lighting systems and further recycling of solid waste.

Volvo has also obtained a good score in the social dimension, for its targeted Volvo Traffic Safety Program and for community actions around the plant.

"For some time now, we have focused on a number of activities in Brazil, improving our environmental footprint and building knowledge of traffic safety in a program that has been beneficial for both society and the Volvo Group. Corporate Social Responsibility (CSR) is very much at the heart of the Volvo Group in Brazil and we regard this award as important recognition of our commitment," said Niklas Gustavsson, Chief Sustainability Officer Volvo Group.

In September 2014, the Volvo Group was recognized as one of the world's most sustainable companies through its inclusion in the Dow Jones Sustainability World Index (DJSI).

PRESS RELEASE

November 12, 2014: The Emirates Group today announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and weakening global markets.

The Emirates Group revenues reached AED 47.5 billion (US$ 12.9 billion) for the first six months of its 2014-15 fiscal year, up 12% from AED 42.3 billion (US$ 11.5 billion) from the same period last year.

Net profit for the Group rose to AED 2.2 billion (US$ 607 million) an increase of 1% over the last year's results. The Group's cash position on 30th September 2014 was at AED 16.1 billion (US$ 4.4 billion), compared to AED 19.0 billion (US$ 5.2 billion) as at 31st March 2014. This is due to ongoing investments mainly into new aircraft and other airline related infrastructure projects.

"As the biggest operator at Dubai International, we also took the biggest hit to our bottom line from the 80-day runway upgrading works. However, we had anticipated it and made meticulous plans to minimise impact operationally and commercially for both Emirates and dnata. The success of these plans can be seen in our overall growth during this six-month period in spite of the challenge," said His Highness (HH) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group.

He added: "It is those external threats that we cannot anticipate or directly manage, such as the global economic malaise, the Ebola outbreak, currency fluctuations, and regional conflicts, that could negate our efforts and plans. These issues appear to be piling up, impacting commercial aviation and travel, but show no signs of speedy resolution. Therefore it is critical that we stay agile as we grow. The ability to adapt and act quickly will determine our continued success. Moving forward, we will keep a watchful eye on these challenges, but continue to focus on our long-term goals and invest in the infrastructure of both Emirates and dnata."

In the past six months, the Group continued to develop and expand its employee base, increasing its overall staff count by 5% to over 79,000 compared with 31 March 2014.

PRESS RELEASE

November 11, 2014: AirBridgeCargo Airlines' (ABC) winter flight schedule for 2014/15 provides even more service choices for its customers with additional Boeing 747 freighter frequencies linking major markets in Europe, North America and Asia Pacific, via the airline's hub in Moscow.

In Europe, Russia's largest scheduled cargo airline, an important part of the Volga-Dnepr Group portfolio, has launched extra weekly frequencies to/from Munich, Milan and Amsterdam. In Asia, AirBridgeCargo has also increased flights to/from Hong Kong and Shanghai with an extra service per week on both routes. ABC has also extended its capacity for customers in North America with two additional flights a week to Chicago and one to Dallas/Fort Worth.

The success of ABC's business development activities, reflected in its strong operating results, has enabled the airline to further increase its footprint on its existing markets. In the first nine months of 2014, ABC saw an increase in tonnage carried on all of its routes in Europe, North America and Asia Pacific, with flown tonnage to/from the USA, Asia and Europe growing by 28%, 14% and 13% respectively over this period. The highest growth rate was seen on North America-Europe routes with a 77% growth in tonnage. Volumes from the U.S. to Amsterdam doubled over this period. The airline has also seen stable growth from the U.S. to Germany, which reflects strong customer support since the launch of direct flights from the U.S. to Frankfurt and new services to Munich launched earlier this year. ABC's volumes from the U.S. to Frankfurt rose 26% in the nine months to 30 September 2014.

Denis Ilin, Executive President of AirBridgeCargo, said: "We operate all-cargo services on the world's largest trans-regional cargo markets and these Increased Boeing 747 freighter frequencies will enhance trade flows between each region at a time when we are achieving strong growth in demand, and give our customers better access to point-to-point deliveries within our global route network. Moreover, we are matching capacity with demand on these routes. Our FTK grew by 16.5%, surpassing the capacity growth."

ABC's growth in 2014, the introduction of new routes and frequencies, and the growth in its B747 fleet to 13 aircraft with the delivery of its sixth Boeing 747-8 Freighter further secure its strong position in the global air cargo market. The airline is also one of the leading carriers in the Europe-Asia trans-regional market and is the number one foreign airline for tonnage in Amsterdam and Frankfurt. The airline's short-term development plans are to continue its focus on the U.S. market, supported by the increased number of aircraft, and further expansion on other trans-regional markets.

ABC currently operates flights to 25 major trade destinations in 11 countries. With increased frequencies, the airline is continuing to improve its product offering and now offers 63 point-to-point connections for its U.S. customers, 375 point-to-point connections for European customers and 324 point-to-point delivery options for customers in Asia. All operations are performed via ABC's hub at Moscow's Sheremetyevo Airport.

PRESS RELEASE

November 11, 2014: Turkish Airlines' first nine months 2014 consolidated financial statements were reported to Borsa Istanbul. Compared to the same period of 2013, sales revenue increased by 33 percent (15 percent in USD terms) reaching 18,4 billion TRY.

Turkish Airlines recorded 1 billion 154 million TRY operating profit in the third quarter of 2014, implying a 38 percent increase compared to the same period of 2013 and completed the first nine months of 2014 with 1 billion 467 million TTurkish Airlines A330FRY operating profit.

Net profit stood at 1 billion 373 million TRY for the third quarter and 1 billion 545 million TRY (increasing 87 percent) for the first nine months of 2014.

During the first nine months of 2014, 41.4 million passengers were carried impliying a 14% increase in passenger traffic. Available seat kilometers (ASK) and revenue passenger kilometers (RPK) increased by 17%, resulting a stable load factor of 79.7%.

Number of international to international transfer passengers increased by 23 percent reaching a 43 percent share within total international passengers.

Being one of the fastest-growing air cargo brands in the world, Turkish Cargo also witnessed a 20 percent tonnage growth and carried 491 thousand tonnes of cargo in the first nine months of 2014. Turkish Cargo was named "Overall Carrier Of The Year" and "Combination Carrier of the Year" at the Payload Asia Awards 2014.

As of today Turkish Airlines has scheduled flights to 45 domestic and 219 international destinations in 261 cities and 264 airports in 108 countries worldwide.

Being one of the youngest in Europe Turkish Airlines fleet consists of 260 aircraft comprising of 198 narrow body, 53 wide body and 9 cargo aircraft.

Having a grown its global market share three-fold in the last decade and being awarded "The Best Airline in Europe" in 2014 for the fourth time in a row with its service quality, Turkish Airlines continues to sustain its solid financial state with a focus on profitable growth.

PRESS RELEASE

November 10, 2014: United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, plans to make significant investment in new reefer units, the Company announced today at WOP Dubai, the international perishables expo for the Middle East.

The expansion of its fleet of refrigerated units and enhanced geographic access to the South America trades - following UASC's recently announced cooperation with Hamburg Süd - ensures that all UASC customers now have access to the important South America trades as part of UASC's comprehensive global reach, including those moving refrigerated cargo.

Gareth Madsen, head of reefer management at UASC, commented: "Through partnerships with leading operators, investment in some of the largest and most eco-efficient container vessels ever built, and a commitment to expanding reefer services, UASC is moving up the rankings of the global container liner shipping industry in a way that reflects our strategic growth plans.

"We are continuously investing in our container fleet to meet customer demand and to comply with the most up-to-date specifications. Expanding our reefer fleet will ensure that we continue to offer our customers the most cutting-edge, energy-efficient solutions for the carriage of frozen and chilled cargoes."

With a global network servicing established and emerging markets, UASC's steadily expanding reefer fleet is one of the youngest in the industry, with an average reefer container age of three years. Significantly, 80% of UASC's current reefer fleet has the ability to measure the CO2 levels of the cargo and automatically ventilate as required, enhancing both product quality and environmental performance.

Designed to automatically regulate the internal atmosphere of the container, the AV+ system uses greatly reduced energy consumption compared to manual or other automated fresh air systems. It intelligently monitors the concentration of O2 and CO2 gases inside the container, resulting in an optimum atmosphere and the safest possible transport of the valuable cargo.

Specialized product management is crucial to successfully transporting reefer cargo. This includes both chilled and frozen cargo - commodities such as meat, fish, poultry, fresh produce, dairy products and pharmaceuticals. UASC's dedicated professionals help customers by providing guidance in this process, including input on temperature, humidity and ventilation, among other specifications, and quality control procedures.

Madsen explains: "What differentiates UASC as a carrier in the reefer market is our focus on our customers' cargo, flexibility and the reliability of our services. We work closely with our customers to safeguard the quality and freshness of their products, advising them on the optimum temperature settings, as well as their supply chain 'from the farm all the way to the supermarket'."

"UASC has offered reefer cargo services for the past 20 years and we are proud of our track record in providing customers with world-class temperature controlled cargo solutions. Our aim is to be the carrier of choice, not only to and from Middle Eastern markets but also in other key global reefer markets. Our aspirations for the reefer business form a key element of our ambitious expansion strategy."

This announcement follows news of UASC's current new building program, comprising 17 ships (eleven 14,500 TEU vessels and six 18,800 TEU vessels), and cooperations with leading liner shipping companies CMA CGM and China Shipping Container Lines (together forming the Ocean Three alliance), as well as The Hamburg Süd Group. UASC believes that these milestones demonstrate its commitment to driving down costs, optimizing networks and continuously improving the products offered to customers.

PRESS RELEASE

November 08, 2014: Air Canada and Air China Limited today announced that the airlines have concluded a memorandum of understanding setting out the main principles for a comprehensive revenue sharing joint venture providing for an enhanced partnership on routes between Canada and China which will stimulate traffic growth between the two countries.

The joint venture will generate additional service and pricing benefits for consumers travelling between the two countries as well as provide for enhanced cooperation between the two carriers in the areas of sales, marketing and airport operations. The announcement was made in Beijing during an official visit to China by Canadian Prime Minister Stephen Harper, prior to a meeting of Asia-Pacific Economic Co-operation (APEC) member nations.

Subject to Air Canada and Air China making the necessary filings, obtaining competition and other regulatory approvals and finalizing documentation, the joint venture is expected to come into effect by the end of 2015.

"Working cooperatively with our partner Air Canada, we will be able to provide more travel options and benefits for customers travelling between China and Canada while reducing travel times through a more streamlined travel experience," said Song Zhiyong, President and Executive Director of Air China Limited. "This joint venture between Air China and Air Canada will provide many benefits and commercial synergies on the important and growing market for travel and trade between Canada and China. Over the past five years the Canada-China air travel market has grown on average by almost 11 per cent annually and this trend is expected to remain strong according to airline industry trade group IATA."

"As members of Star Alliance, Air Canada and Air China will benefit from a revenue sharing joint venture, as have our customers through a simplified travel experience and loyalty rewards," said Calin Rovinescu, President and Chief Executive Officer of Air Canada, in Beijing to sign the memorandum of understanding. "By deepening our cooperation in the areas of scheduling and sales management, the carriers will be better able to serve customers by offering more travel options. The joint venture will provide customers of both carriers additional travel options through the expansion of codeshare flights to additional airports in both carriers' domestic networks as network growth is a core principle of the joint venture."

Currently, Air China offers its customers codeshare flights operated by Air Canada between Vancouver and six Canadian cities (Edmonton, Calgary, Winnipeg, Toronto, Ottawa and Montreal) and Air Canada offers its customers codeshare flights operated by Air China between Beijing and six cities in China (Guangzhou, Chongqing, Chengdu, Shenyang, Wuhan and Xi'an).

Air Canada operates up to a total of 28 flights per week between Canada and China, from Toronto and Vancouver to and from Beijing and Shanghai. Air China operates up to 11 flights per week between Beijing and Vancouver.

PRESS RELEASE:

November 11, 2014: TNT is stepping up its services in Europe with the construction of a new international depot in Eindhoven (Netherlands) and the start of air services to Hanover (Germany). Both developments are part of the company's strategy to invest in its core European network, enhance operational efficiency and service quality.

TNT has broken ground on its new 6,350 square meter depot in Eindhoven to replace the existing, rented facility in the same town, which has become too small. Completion is expected in June 2015. The facility will feature state-of-the-art sorting and loading equipment, and 99 loading docks for vans and trucks. The new depot will increase productivity, throughput as well as working conditions for the 250 staff at the site. It will enhance TNT's capability to handle increased volumes of parcels and freight across north-western Europe, with direct deliveries to customers and daily road line-hauls to Liege, Arnhem, Northampton, Paris and Zurich. The new depot will particularly serve customers in the healthcare and high-tech industries.

TNT is also expanding service to Germany, Europe's largest express delivery market. TNT now offers five weekly flights connecting Hanover to the company's main international air hub in Liege (Belgium), Hanover to Billund (Denmark) and Oslo (Norway) to Hanover. All the flights are operated with a Boeing 737-400 freighter.

Hanover is a convenient gateway to northern Germany, including the towns of Hamburg, Bremen and Magdeburg. The daily overnight flight from Liege to Hanover Langenhagen Airport enables delivery of urgent shipments to the region before 9:00 a.m. After reloading, the flight continues to Denmark. The flight from Hanover to Liege, which originates from Oslo, departs Hanover every night, allowing for late collections in northern Germany and next-day delivery all over Europe. These services will particularly benefit automotive and industrial companies that rely on time-critical exports and imports.

TNT has been active in Hanover for many years. In 2012, the company moved its local offices and road transit hub to a large building on the airport grounds to ensure smoother connections between air and road operations. By operating its own flights to Hanover Langenhagen Airport, Lower Saxony's largest airport, TNT now gives customers even more control over their shipments.

PRESS RELEASE

November 06, 2014: Sandler, Travis & Rosenberg Trade Report. U.S. Customs and Border Protection recently issued the following information to help members of the trade community prepare for the upcoming three-phase transition from the Automated Commercial System to the Automated Commercial Environment.

Manifest Data. As of May 1, 2015, import and export manifest data being filed with CBP electronically will have to be sent via ACE. This requirement will extend to all modes of transportation: air, rail, ocean and truck. To prepare, CBP advises filers to ensure they have updated their software to enable manifest data to be transmitted in accordance with the latest CBP technical guidelines.

Cargo Release/Entry Summary. Starting Nov. 1, 2015, electronic cargo release and entry summary data submitted to CBP must be transmitted to ACE. This requirement will include any data that extends to the jurisdiction of partner government agencies. To guarantee that data is being sent correctly, filers should ensure that either they or their vendor has programmed the required changes necessary to allow them to transmit to ACE.

Everything Else. From Oct. 1, 2016, filers will need to ensure that all additional cargo data (e.g., protest and liquidation data) is being sent to ACE.

November 11, 2014: FPS Dalian – a member of the FPS Group of forwarders and consolidators – is handling the latest in a long series of major rail projects. The current programme has already seen eight shipments of brand new electric passenger train multiple units in 2014, and a ninth shipment will take place before the year end.

A total of 32 multiple units will have been shipped by the end of 2014, and a further 38 will follow throughout 2015 to complete the order. Each shipment comprises four electric multiple units, each of four cars; individual carriages measure 24m in length, and weigh up to 50 tonnes. Every shipment totals around 14,000 cbm and weighs up to 800 tonnes.

Trains to BrazilThe passenger train carriages are part of an ongoing update and expansion programme for the Brasilian rail network, ahead of the 2016 Olympics. FPS has been shipping railway carriages to Brasil since 2011, many of which were brought into service for the 2014 World Cup.

FPS manages road transportation of all units on their 800 km, 2-day overland journey to port, where assembling each load takes 2-3 days. All shipments then route Bayuquan to Rio de Janeiro, using chartered conventional vessels.

Previous major rail car shipments handled by FPS Dalian have included 280 new multiple units for Brasil, and 240 used multiple units - formerly rolling stock from the Chinese railway system - for Pakistan. In many instances, FPS has had to remove aircon units from carriage roofs before loading, due to height restrictions.

FPS Dalian's involvement in shipping railway rolling stock is not restricted to passenger carriages: it also handles regular shipments of ore wagons; to date, it has shipped some 2000 to Australia, and over 150 to Mozambique.

Says Steven Li Yongchao, FPS Dalian Sales Manager: "Every year, we handle many similar projects, with an annual total of over 3000 carriages. This has created a close working relationship between the customer and ourselves, and has allowed us to accumulate a great deal of experience, so that everything runs smoothly."

PRESS RELEASE

November 03, 2014: Broward County's Port Everglades exceeded one-million TEUs for the first time in the South Florida seaport's history, according to preliminary fiscal year 2014 statistics.

During FY2014 (October 1, 2013 through September 30, 2014), Port Everglades reported a preliminary, unaudited total of 1,013,344 TEUs moved through the port, with a nearly even split between imports and exports.

"This is a huge accomplishment for our seaport and a credit to our customers who continued to build their businesses through the global recession with an eye towards the future," said Port Everglades Chief Executive & Port Director Steven Cernak.

Cernak attributed the milestone to continued growth in existing and new containerized cargo services. New services include King Ocean opening a second terminal yard and consolidating services from Terminal Island in Miami, and a full year of the Grand Alliance's (Hapag-Lloyd and its partners NYK Line and OOCL) GAX service to Northern Europe.

At the crossroads of North-South and East-West trade, Port Everglades is Florida's leading container port and serves as a gateway to Latin America, the Caribbean, Europe and Asia.

Located in South Florida in the cities of Fort Lauderdale, Hollywood and Dania Beach, Port Everglades is in the heart of one of the world's largest consumer regions, including a constant flow of visitors and up to a combined 110 million residents and seasonal visitors within a 500-mile radius.

Port Everglades has direct access to the interstate highway system and the newly opened 43-acre Florida East Coast Railway (FEC) intermodal hub, and is closer to the Atlantic Shipping Lanes than any other Southeastern U.S. port. Ongoing capital improvements and expansion will ensure that Port Everglades can continue to handle future growth in container traffic. A world-class cargo handling facility, Port Everglades serves as an ideal point of entry and departure for products shipped around the world.

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