HONOLULU _ Matson Inc. on Tuesday reported fourth-quarter net income of $19.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Four analysts surveyed by Zacks expected $492.5 million.
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.
SAN FRANCISCO _ CAI International Inc. on Tuesday reported fourth-quarter net income of $737,000, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. CAI International shares have increased 68 percent since the beginning of the year.
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.
A flying drone could soon work while you sleep, taking inventory and possibly someone's job.
Robbert van Trooijen, APAC CEO of Maersk Line, says this year will be more profitable than the last.
Plains has been expanding its oil transportation and gathering facilities, striking two deals last month to expand in the Permian Basin, the top U.S. oil field. "We are encouraged by the significant increase in drilling and completion activities in the Permian Basin observed over the latter half of 2016 and continuing into 2017," Chief Executive Greg Armstrong...
China’s first homegrown passenger plane is to take to the skies before July this year, according to state media.
SAN FRANCISCO, Feb 1- Amazon.com Inc plans to schedule more than 200 flight departures and landings per day at a $1.49 billion cargo hub it is building near Cincinnati, the airport's chief said in an interview on Wednesday, in a sign of the soaring ambitions of the online retailer. It is written in the lease term sheet that Amazon and the airport expect to sign, said...
AMAZON'S CARGO HUB WILL HAVE PARKING FOR MORE THAN 100 PLANES-AIRPORT CEO.
AMAZON.COM INC PLANS MORE THAN 200 FLIGHTS PER DAY AT NEW CARGO HUB IT IS BUILDING NEAR CINCINNATI- AIRPORT CEO.
The “Fast Money” traders discuss the trade on UPS, which is down more than 3 percent as Amazon announces new plans for their Kentucky air cargo hub.
SAN FRANCISCO, Jan 31- Amazon.com Inc plans to invest $1.49 billion to build a large air cargo hub in northern Kentucky, state officials said on Tuesday, stoking expectations it may one day opt to directly compete with FedEx Corp and United Parcel Service Inc.. "We estimate a $400 billion- plus market opportunity for Amazon in delivery, freight forwarding, and...