Transportation Air Freight and Logistics

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  • ArcBest misses 4Q profit forecasts Wednesday, 3 Feb 2016 | 5:01 AM ET

    FORT SMITH, Ark. _ ArcBest Corp. on Wednesday reported fourth-quarter earnings of $5 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. ArcBest shares have fallen roughly 2 percent since the beginning of the year.

  • UPS fourth-quarter profit surges Tuesday, 2 Feb 2016 | 10:50 AM ET
    A UPS worker checks an Amazon box to be delivered in New York.

    United Parcel Service on Tuesday reported quarterly earnings that topped analysts' expectations, but revenue came in light.

  • Jan 21- Boeing Co said on Thursday it will cut production of its 747-8 jumbo jet in half and take a $569 million charge in the fourth quarter to account for the change. "The air cargo market recovery that began in late 2013 has stalled in recent months and slowed demand for the 747-8 freighter," Ray Conner, chief executive of Boeing Commercial Airplanes, said in a...

  • We are in the middle of an oil supply shock: CEO Wednesday, 20 Jan 2016 | 2:00 AM ET
    We are in the middle of an oil supply shock: CEO

    Nils Smedegaard Andersen, CEO of Moller Maersk, says the shipping giant is prepared to take advantage of the low oil price, but every change comes with its victims.

  • We are excited for change: Deutsche Post CEO Wednesday, 20 Jan 2016 | 1:50 AM ET
    We are excited for change: Deutsche Post CEO

    Frank Appel, CEO of Deutsche Post, talks about the structural change occurring in logistics as a result of low oil prices, new competition and the impact of technology, including drones.

  • Singapore's small boat is in rough Chinese seas Tuesday, 19 Jan 2016 | 11:40 PM ET
    Tourists take in a cable car take in the sights at Sentosa Island, Singapore

    The economy of tiny Singapore is taking a big hit from China's slowdown just as the city-state is struggling with a homegrown demographic squeeze.

  • FREIGHT VOLUME FALLS FOR FIRST TIME IN ALMOST. LONDON, Jan 15- Freight volumes in the United States have fallen year on year for the first time since 2012 and before that the recession of 2009, according to the Bureau of Transportation Statistics. The total volume of freight moved by road, rail, pipeline, inland waterways and as air cargo in November 2015 was 1.1...

  • SAN FRANCISCO, Jan 14- Amazon.com Inc's China arm has registered as an ocean freight forwarder, according to the U.S. Federal Maritime Commission, a move that will give it more control over shipping products from Chinese factories to U.S. shoppers. Amazon is already negotiating a deal to lease 20 jets to start an air-delivery service in the United States, the...

  • CAPE CANAVERAL, Fla., Jan 14- NASA hired a third company to fly cargo to the International Space Station, adding an innovative space plane built by Sierra Nevada Corp to the commercial fleet, the U.S. space agency said on Thursday. Privately owned Sierra Nevada will join incumbents Space Exploration Technologies, or SpaceX, and Orbital ATK in ferrying supplies to...

  • SAN FRANCISCO, Jan 14- Online retailer Amazon.com Inc's China division has registered as an ocean freight forwarder, according to the U.S. Federal Maritime Commission, a move which allows it to coordinate cargo shipments between China and the United States. Amazon is already negotiating a deal to lease 20 jets to start its own air-delivery service in the United...

  • SAO PAULO, Jan 14- Up to a dozen containers carrying chemicals caught fire at a terminal at Brazil's largest port of Santos on Thursday, restricting ship movement, representatives of the port authority Codesp said. The fire at the container terminal operated by logistics company Localfrio in Guaruja, on the eastern side of Santos, started around 3 p.m. Brasilia...

  • NASA set to award space station cargo contracts Thursday, 14 Jan 2016 | 12:17 PM ET

    CAPE CANAVERAL, Fla., Jan 14- A three-way competition to fly cargo to the International Space Station for NASA has ended, and the U.S. space agency is set to announce the winners on Thursday. A news conference is scheduled for 4 p.m. EST to unveil the winning bids, NASA said. NASA previously eliminated proposals from Boeing Co and Lockheed-Martin for space station...

  • FRANKFURT, Jan 11- The decline in global demand for air freight may be bottoming out, with cargo volumes growing month-on-month in November, the International Air Transport Association said on Monday. Air freight volumes were down 1.2 percent in November compared with a year earlier, but total cargo volumes were up when compared with October 2015, IATA said.

  • UPS CEO: 'Very comfortable' with Amazon relationship Tuesday, 29 Dec 2015 | 10:33 AM ET
    David Abney, chief executive officer of United Parcel Service Inc.

    UPS CEO David Abney dismissed the notion that UPS' large retail customers would be better off going it alone.

  • Dec 18- Amazon.com Inc is negotiating to lease 20 Boeing Co 767 jets to start its own air-delivery service next month, seeking to avoid delays from third-party carriers, the Seattle Times reported, citing cargo-industry executives. The ecommerce giant has had talks with Air Transport Services Group, Atlas Air and Kalitta Air, Seattle Times said.

  • Dec 18- Amazon.com Inc is negotiating to lease 20 Boeing Co 767 jets to start its own air-delivery service next month, seeking to avoid delays from third-party carriers, the Seattle Times reported, citing cargo-industry executives. The ecommerce giant has had talks with Air Transport Services Group, Atlas Air and Kalitta Air, Seattle Times said.

  • Amazon may start doing its own delivery: Report Friday, 18 Dec 2015 | 8:04 AM ET
    Amazon

    Amazon is in talks to lease 20 Boeing 767 jets in order to start its own delivery service, The Seattle Times reports.

  • *BA, Japan Airlines, Singapore Airlines also in EU ruling. LUXEMBOURG, Dec 16- Air France-KLM and 10 other airlines won a challenge against almost 800 million euros in fines for fixing air freight charges after Europe's second highest court said it had found contradictions in the EU decision. The two carriers merged to form Air France-KLM in 2004. British Airways'...

  • 'Porch pirates' are out to wreck your holidays Friday, 11 Dec 2015 | 2:46 PM ET
    Package on front door

    Watch out for your holiday packages because "porch pirates" are robbing people before they can get to them.

  • Why low oil prices are good for airlines Monday, 7 Dec 2015 | 2:30 AM ET
    Why low oil prices are good for airlines

    Robert Kokonis, president & managing director of AirTrav, explains how the airline industry benefits from falling oil prices. Crude oil slumped after OPEC failed to agree on reduced production targets.