BRUSSELS, March 17- Air France-KLM, British Airways and nine other airlines were hit with a 776 million euro fine by EU antitrust regulators on Friday for taking part in an air cargo cartel more than a decade ago. The European Commission re-imposed the penalties after Europe's second highest court in 2015 annulled the EU executive's 2010 decision due to a...
BRUSSELS— The European Union on Friday re-imposed a fine on 11 air cargo companies totaling $835 million after the original decision was thrown out by a high court on a procedural issue. After the initial fine had been annulled in 2015, the European Commission said Friday it fixed the original error and decide to re-establish the fines since the EU's General...
Santos Brasil, the largest cargo operator in the country, lost the ESA contract to Grupo Libra, the second largest, according to two sources briefed on the matter.
Gerry Wang, CEO of Seaspan, says after Hanjing Shipping's "unthinkable" fall last year, life goes on for Seaspan.
*Company investing in parcel network across Europe. Deutsche Post DHL is expanding its parcel network across Europe, after buying a stake in Relais Colis in France and acquiring UK Mail in Britain, and has repeatedly shrugged off moves by customer Amazon.com to invest in its own delivery capabilities.. Europe's biggest postal group, which is also trialling new...
Peter Levesque, MD at Modern Terminals Group, says the shipping industry continues to play an important role in the Hong Kong economy.
Elysia Tse of LaSalle Investment Management says logistics properties offer a higher yield than office space.
A humble delivery man has now become China's third-richest billionaire.
SF Express founder Wang Wei edged out Tencent's Pony Ma to become the third richest man in China. CNBC's Sophia Yan reports.
Jonathan Brodsky of Cedar Street Asset Management talks about the logistics company's undervalued joint venture with DHL.
Companies involved in the One Belt, One Road project could face "capital deployment" issues, says Alex Capri, visiting senior fellow at NUS Business School.
Sales at its logistics business, under which the company offers services such as warehousing and distribution, rose 8.6 percent to $1.38 billion in the fourth quarter ended Dec. 31. The company sold its truckload shipping business, acquired as part of its $3 billion Con-way deal, to Canadian trucking company TransForce Inc for $558 million in October.
Feb 21- Package delivery company United Parcel Service Inc tested home delivery by drone in Lithia, Florida, on Monday, the first step in what the company hopes will be a move toward more automated delivery. The Tampa- area test, which UPS said went as expected, came less than a month after UPS said it would push forward investment in automation and technology as the...
Amazon might be muscling its way into delivery services but this is not necessarily a competitive issue for logistics companies such as UPS.
Space Exploration Technologies Corp is preparing for liftoff at 10:01 a.m. EST on Saturday from Launch Complex 39 A at NASAs Kennedy Space Center, which was the starting point for 82 space shuttle missions. NASA leased the pad to SpaceX, as Musk's company is known, in 2014.. For its Kennedy Space Center debut, SpaceX will launch a Dragon cargo ship to the...
Ross McCullough, president of UPS Asia Pacific, talks TPP, RCEP and growth opportunities in Asia.
The U.S. might have pulled out of TPP but growth in Asian trade remains positive, says Ross McCullough, president of UPS Asia Pacific.
Temasek may be betting China’s consumers will eschew retail therapy in favor of hitting the road, cutting its Alibaba stake and buying Ctrip shares.
Junyang Woon, founder and CEO of Infinium Robotics, tells CNBC why he chose to focus on the logistics sector.
Junyang Woon, founder and CEO of Infinium Robotics, talks about how drone technology could change the logistics industry.