Transportation Air Freight and Logistics

  • SINGAPORE, Sept 29- The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player South Korea's Hanjin Shipping Co Ltd, is slowly waking up to the redeeming potential of technology. "This is way up there on the list of insanely complex systems with enormous impact on the global economy," says Trae Stephens of...

  • Will Amazon compete directly with UPS and FedEx?

    R.J. Hottovy, Morningstar, shares his take on Amazon's entrance into the delivery business.

  • SAN FRANCISCO, Sept 27- With its recent acquisition of self-driving truck startup Otto, Uber Technologies Inc. is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry. Otto plans to expand its fleet of trucks from six to about 15 and is forging partnerships with...

  • CHANTILLY, Va.— Airline pilots and air traffic controllers are on schedule to switch to text communications at most of the nation's busiest airports by the end of the year, a milestone that holds the potential to reduce delays, prevent errors and save billions of dollars in fuel cost, says the Federal Aviation Administration. Controllers and pilots will still use...

  • Qantas PKG

    Qantas Airlines CEO Alan Joyce says the firm has hedging strategies in place to take advantage of lower oil prices and to smooth out volatility.

  • A Maersk Mc-Kinney Moller container ship.

    A.P. Møller-Mærsk announced on Thursday that the company would split into a transport business and a separate energy division.

  • COPENHAGEN, Denmark— Danish conglomerate A.P. Moller-Maersk A/S is splitting its massive container shipping operations and its energy business into separate companies, in a major shakeup that follows years of declining oil prices and freight rates. A.P. Moller-Maersk raised the possibility of separating its oil units from the group through joint ventures,...

  • SEOUL, Sept 22- Hanjin Shipping shares surged as much as 28 percent in morning trade on Thursday after the board of Korean Air Lines, its biggest shareholder, approved lending 60 billion won to the troubled container carrier. Shares of Korean Air climbed 5 percent. Korean Air's board decided late on Wednesday to provide the funds to help offload cargo that has been...

  • BUENOS AIRES, Sept 21- Argentina will invest 22.2 billion pesos over the next three years to modernize the country's airports to increase passenger capacity and boost air cargo shipments, the country's transportation minister said on Wednesday. Argentina's rail capacity lags far behind rival agricultural powerhouses like Brazil and the United States,...

  • SEOUL, Sept 21- The board of Korean Air Lines, the largest shareholder of collapsed Hanjin Shipping Co Ltd, has approved lending 60 billion won to the container carrier, using Hanjin's accounts receivable as collateral, a spokesman for the airline said on Wednesday. The spokesman said the funds would be used to help to offload cargo that has been stranded on Hanjin...

  • Sept 20- Failed South Korean cargo line Hanjin Shipping Co Ltd found the money to unload a full container ship waiting outside a New York- area port. The National Retail Federation on Tuesday urged U.S. But the Miami has not been allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit port.

  • Sept 20- Failed South Korean cargo line Hanjin Shipping Co Ltd has found the money to unload a full container ship waiting outside a New York- area port. The National Retail Federation on Tuesday urged U.S. But the Miami is not being allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit...

  • Sept 16- Schneider National Inc, one of the largest truckload carriers in the United States, is exploring an initial public offering that could value it at as much as $5 billion, including debt, people familiar with the matter said on Friday. The company may seek to raise as much as $700 million in its IPO, one of them added. In June, Schneider National acquired Lodeso...

  • AI bots will take 6% of jobs by 2021

    A Forrester Research report expects intelligent agent to displace about 6-percent of positions within the next five years.

  • The Hanjin Greece container ship is docked for unloading at the Port of Long Beach after being stranded at sea for more than a week for fear that it could be seized by creditors if it came to shore on September 10, 2016.

    The chairman of Hanjin Group transferred $36 million to Hanjin Shipping to help unload cargo stranded on the troubled shipper's vessels.

  • Containers are stacked at the Hanjin Shipping Co. Busan New Port terminal in Busan, South Korea

    The crisis surrounding Hanjin Shipping has rocked the industry, but even more shipping lines could find themselves in trouble, warns a CEO.

  • The funds flowing to listing Hanjin Shipping were likely to fall far short of what was needed to get its stalled cargo moving, an analyst said.

  • The latest on the Hanjin Shipping saga

    The overall shipping industry in South Korea, not just Hanjin Shipping, will shrink, says Kiwoom Securities' Daniel Yoo.

  • $14B stranded at sea

    The "Fast Money Halftime Report" traders and Stephanie Link, TIAA Global Asset Management, discuss the impact of Hanjin's bankruptcy on rails and roads ahead of the holidays.

  • SEOUL, Sept 9- Korean Air Lines, the biggest shareholder in Hanjin Shipping, on Friday delayed a decision on a funding plan for the troubled company for a second time, adding to uncertainty about cargo stranded at sea following the failure of the world's seventh-largest container carrier. Four vessels have also been seized as of Thursday, according to Hanjin...