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Transportation Air Freight and Logistics

  • *Port operations from Mumbai to Los Angeles disrupted. COPENHAGEN, June 28- The Danish owner of the world's largest container shipper Maersk Line, said its computer systems were among those hit by the global Petya cyber attack, causing it problems processing orders and delaying cargoes. Moller-Maersk said the cyber extortion, which has disrupted businesses...

  • *Port operations from Mumbai to Los Angeles disrupted. COPENHAGEN, June 28- The owner of the world's largest container shipper Maersk Line, said its computer systems were among those hit by the global Petya cyber attack, causing it problems processing orders and delaying cargoes. The cyber extortion, which has disrupted businesses around the globe, has also...

  • *Port operations from Mumbai to Los Angeles disrupted. COPENHAGEN, June 28- Denmark's A.P. The cyber extortion campaign, which has disrupted businesses around the world, has also caused congestion at some of the 76 port terminals run by Maersk's APM Terminals unit, including in the United States, India, Spain and the Netherlands.

  • HONG KONG, June 26- Best Inc, a Chinese logistics company backed by Alibaba Group, said it aims to raise up to $750 million from an initial public offering in the United States, betting an e-commerce boom in China will spur demand for its package delivery services and supply chain technology. The company founded by Johnny Chou, a former Greater China president of...

  • June 26- Best Inc, a Chinese logistics company backed by Alibaba Group Holding Ltd, on Monday filed for an initial public offering of American depositary shares to raise up to $750 million. Hangzhou- based Best Inc was founded by Shao-Ning Johnny Chou, a former Greater China president of Google. Best will apply for listing its ADSs on the NYSE or the Nasdaq Global...

  • PARIS— There are flying cars and Concorde's would-be supersonic successor, a company offering to deliver cargo to the Moon— for a mere $1.2 million per kilogram— and the latest in funky futuristic aviation ideas, both big and small. The carbon-fiber four-wheeler drove out of Paris and then crossed the English Channel between France and England last week, flying...

  • FedEx has solid earnings growth: Donald Broughton

    David Dietze, president and chief investment strategist at Point View, and Donald Broughton, principal and managing partner at Broughton, debate Fedex's stock ahead of the company earnings.

  • PARIS, June 20- Boeing revised up its rolling 20- year industry forecast for passenger and freight planes by 4 percent on Tuesday, though signs at the world's biggest air show suggest a cooling of demand at the moment after years of red-hot growth. Leasing firm Aviation Capital Group, for example, said on Tuesday it had placed an order for 20 of the new 737 MAX 10 jets,...

  • PARIS, June 20- Boeing revised up its rolling 20- year industry forecast for passenger and freight planes by 4 percent on Tuesday, but shaved its projections for traffic growth on signs that recent rapid expansion in China and parts of Asia is starting to moderate. Air travel has been on a sharp uptrend, led by emerging economies as China looks set to replace North...

  • PARIS, June 19- Boeing will convert three second-hand 767 passenger planes to freighters on behalf of package delivery company United Parcel Service, the companies said on Monday. The new division officially starts work on July 1. Boeing aims to increase its annual services revenue to $50 billion in 10 years from about $15 billion currently.

  • Tracking freight in real-time

    Ryan Petersen, CEO of Flexport, talks about how his company makes use of technology to make freight tracking more efficient for end users.

  • SAN FRANCISCO, June 15- Uber Technologies Inc's drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling $700- billion industry. The San Francisco ride-services giant had planned to disrupt freight hauling by offering a complete...

  • LONDON, June 6- Maersk can no longer transport goods in or out of Qatar after Arab countries imposed restrictions on trade with the tiny Gulf state and the company is looking at alternative shipping routes. Saudi Arabia, Egypt, the UAE and Bahrain severed relations with Qatar and closed their airspace to commercial flights on Monday, in the worst split between...

  • LONDON, June 6- Maersk, the world's biggest container shipping line, can no longer transport goods in or out of Qatar after Arab countries imposed restrictions on trade with the tiny Gulf state, the company said on Tuesday. Saudi Arabia, Egypt, the UAE and Bahrain severed relations with Qatar and closed their airspace to commercial flights on Monday, in the worst...

  • CANCUN, Mexico, June 2- Air travel is heading for a bumper year, but global airline leaders meeting in Mexico are concerned about the impact of an escalating row over laptop bans and rising protectionism. It is also worried about what it sees as protectionist rhetoric from Washington and Europe, saying this could temper growth in demand for air travel and freight.

  • CANCUN, Mexico, June 2- Air travel is heading for a bumper year, but global airline leaders meeting in Mexico are concerned about the impact of an escalating row over laptop bans and rising protectionism. It is also worried about what it sees as protectionist rhetoric from Washington and Europe, saying this could temper growth in demand for air travel and freight.

  • Travelers stand in line to check-in at Hong Kong International Airport in Hong Kong, China, on Mar. 10, 2017.

    While China has many airports with few passengers, growth in demand for services in the delta is giving a boost to regional airports, the SCMP reports.

  • May 25- United Parcel Service Inc on Thursday announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings, laying the groundwork to expand shipping services from China to the United States. SF Holdings, parent company of SF Express, is often called China's answer to UPS rival FedEx, and is the dominant package delivery...

  • Technology could be threat to truckers: Goldman Sachs report

    CNBC's Morgan Brennan report on Goldman Sachs' economic research report that trucking jobs could take a loss due to technology.

  • : Deutsche Post DHL CEO

    Deutsche Post DHL Group CEO Frank Appel weighs in on earnings and his business' relationship with Amazon as both a partner and competitor.