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Transportation Air Freight and Logistics

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  • *Deal more than doubles FedEx fleet of 767 Fs. SINGAPORE, July 22- FedEx Corp, the world's largest cargo firm, has signed a deal to buy 50 additional Boeing Co 767-300 freighters in the biggest order ever for the plane, allowing the aircraft maker to extend its production line well into the next decade. FedEx said the aircraft will be delivered by Boeing for its FedEx...

  • Thibaud Simphal, manager of Uber France, and Pierre-Dimitri Gore-Coty, general manager for western Europe, were detained as part of an investigation that earlier led to Uber's offices being raided by police in March. Uber has provoked protests by taxi drivers from London to New Delhi as it upends traditional business models that require professional drivers...

  • DHL: New China-Europe rail service is good news Thursday, 25 Jun 2015 | 12:46 AM ET
    DHL: New China-Europe rail service is good news

    Kelvin Leung, CEO, Asia Pacific at DHL Global Forwarding, says the company's third rail service from China to Europe offers customers with a cheaper and faster option.

  • *Airbus gets orders, commitments worth $57 bln. *Airbus helped by last-minute deal with Wizz Air. PARIS, June 18- Airbus won the Paris Airshow with a last-minute $14 billion deal to sell 110 jets to Hungary's Wizz Air on Thursday, diverting attention from a growing industry debate over how quickly a record backlog of jet orders can be built.

  • PARIS, June 17- Russian cargo airline Volga-Dnepr Group has signed a memorandum of understanding to buy and lease a total of 20 more Boeing 747- freighters in what would be a major boost for the U.S. planemaker's struggling four-engined jumbo. Both Boeing and European rival Airbus have seen orders for their biggest planes dry up as customers opt for improved...

  • PARIS, June 17- Russian cargo airline Volga-Dnepr Group has signed a memorandum of understanding for 20 additional 747-8 freighters valued at $7.4 billion at list prices, planemaker Boeing said at the Paris air show on Wednesday. "For Volga-Dnepr Group, adding more 747-8 freighters will allow development of the group's scheduled business, AirBridgeCargo...

  • PARIS, June 14- Boeing Co said on Sunday it was in "deep discussions" with potential buyers for five remaining C-17 cargo planes built before Boeing halted production of the aircraft, and expected to sign purchase agreements before the fourth quarter. Chris Raymond, vice president of business development and strategy for Boeing Defense, Space& Security, said the...

  • PARIS, June 14- Boeing Co said on Sunday it was in "deep discussions" with potential buyers for five remaining C-17 cargo planes built before Boeing halted production of the aircraft, and expected to sign purchase agreements before the fourth quarter. Chris Raymond, vice president of business development and strategy for Boeing Defense, Space& Security, said the...

  • Italy's Alitalia agrees to start flights to Mexico Friday, 12 Jun 2015 | 5:47 PM ET

    June 12- Italy's largest airline, Alitalia Linee Aeree Italiane SpA, agreed on Friday to start direct flights between Rome and Mexico City, as part of its plan to expand revenue via long, international flights. "The flight to Mexico City responds to market demands that appear to be of great interest, both in terms of traditional tourism, business tourism and cargo."

  • UPDATE 1-Boeing revises up jet demand forecast Thursday, 11 Jun 2015 | 10:50 AM ET

    PARIS, June 11- Boeing Co boosted its 20- year forecast for aircraft demand by 3.5 percent on Thursday, predicting "strong and resilient" growth as two out of every five newly built jets feed Asia's booming travel market. The U.S. planemaker expects airlines and freight firms to take delivery of 38,050 jets worth $5.6 trillion by 2034, by which year more than 7...

  • Boeing revises up jet demand forecast Thursday, 11 Jun 2015 | 10:17 AM ET

    PARIS, June 11- Boeing Co boosted its 20- year forecast for aircraft demand by 3.5 percent on Thursday, predicting "strong and resilient" growth as two out of every five newly built jets feed Asia's booming travel market. The U.S. planemaker expects airlines and freight firms to take delivery of 38,050 jets worth $5.6 trillion by 2034, by which year more than 7...

  • MIAMI, June 9- Cathay Pacific Airways Ltd saw air cargo demand soften in the second quarter but expects a rebound in the long run on the backs of U.S. and Asian consumers, Chief Executive Ivan Chu said Tuesday. The remarks, made on the sidelines of the International Air Transport Association's annual meeting, follow a report by the trade group last week that demand...

  • *C.H. Robinson rally lifts transport stocks. Adding to the day's upbeat tone, Greece's international creditors signaled they were ready to compromise to avert a default even as Athens indicated it might skip an IMF loan repayment due this week. Higher yields on fixed income translate into higher rates and that increases the net interest margin for financials, "...

  • PARIS, May 29- Air France faces its second safety investigation in as many weeks after pilots were forced to recover in mid-takeoff after entering the wrong data into the computer of a cargo jet, airline and safety officials said. The mistake over the plane's weight was discovered when the Boeing 777 freighter accelerated too slowly while starting off down the...

  • DUBAI, May 28- Abu Dhabi's Etihad Airways, one of three Gulf airlines that U.S. rivals say benefit from state subsidies, reported a 52 percent rise in annual profit on higher passenger numbers and increased revenue from cargo and partner airlines. Unlike Dubai- based rival Emirates, Etihad has based part of its expansion on investing in other carriers and owns...

  • U.S. airlines say that Gulf-state subsidies amounting to $42 billion let Emirates, Etihad Airways and Qatar Airways lower prices and push competitors out of certain markets, which those airlines have denied. Etihad, meanwhile, on Thursday charged Delta Air Lines Inc, United Continental Holdings Inc and American Airlines Group Inc with receiving more than $70...

  • U.S. airlines say that Gulf-state subsidies amounting to $42 billion let Emirates, Etihad Airways and Qatar Airways lower prices and push competitors out of certain markets. The Gulf carriers have denied the claims by Delta Air Lines Inc, United Continental Holdings Inc and American Airlines Group Inc, saying worse service on the U.S. airlines has caused them...

  • MONTREAL, May 1- A United Nations civil aviation-led panel on Friday called for improved, fire-resistant packaging to ship lithium batteries, which pilots and plane makers say pose a fire risk. The International Civil Aviation Organization's dangerous goods panel agreed this week to set up a group of experts to develop safer packaging for the transport of...

  • LA ports police chief indicted on corruption charges Thursday, 30 Apr 2015 | 9:02 PM ET

    The chief of police for the port of Los Angeles was indicted on federal corruption charges involving a citizen reporting program, U.S. authorities said.

  • LONDON, April 29- By focusing on operational improvements, shipping companies are reducing fuel consumption, saving money and cutting greenhouse emissions, while continuing to increase the amount of freight transported. Maersk Line, the world's largest container carrier, cut fuel consumption by more than 13 percent between 2012 and 2014, while increasing...