July 28- Boeing Co could end production of its iconic 747 aircraft, as the world's biggest plane maker faces falling orders and pricing pressure, according to a regulatory filing. "On the 747 program, we decided to reduce future production expectations and revenue assumptions to account for current and anticipated weakness in the air cargo market," Chief... » Read More
U.S. and Chinese citizens are likely to see drone deliveries sooner than their counterparts in Europe, but it's unlikely to be nationwide.
Fratelli Cosulich MD Timothy Consulich explains that the more complex the process is for logistics providers, the more value they can add to clients.
FedEx is in a good position because strong e-commerce trends have boosted ground segment revenues, says Stifel, Nicolaus & Co's David Ross.
CNBC's Mary Thompson reports from Panama on the new lane opening on the Panama Canal for even larger container ships to pass through.
The Panama Canal is set to reopen on June 26, allowing larger ships to pass through its locks. What this means for U.S.-based businesses.
FedEx, Sarepta Therapeutics and Verizon Communications are making headlines this morning before the opening bell.
FRANKFURT, June 6- Shanghai Yiqian Trading Company is to buy Hahn airport in Germany to secure a base for food exports as well as passengers heading to and from Asia, a deal highlighting China's increasing appetite for overseas infrastructure assets. The planned purchase of an 82.5 percent stake in Hahn from federal state owners for a low double-digit million...
WARSAW, June 3- Polish freight group PKP Cargo is benefiting from rising demand for rail transport between China and Europe, a route that is developing as a modern day Silk Road. The company now operates 20 such trains each week, carrying mostly high value-added goods from China bound for Western Europe. It usually takes PKP's trains 11-14 days to get from China to...
The freight giant has been investing about $1 billion annually in technology to keep ahead of the curve, says UPS' Jim O' Gara.
CNBC's Phil LeBeau reports on delays of Boeing's refueling tanker development.
MOSCOW, May 31- Moscow's new international airport is set to open next month with only a handful of airlines and faces a struggle to win passengers from rivals after Russia's economic crisis. The Zhukovsky airport terminal was inaugurated by Prime Minister Dmitry Medvedev on Monday, part of a 10 billion rouble project to redevelop a cargo airfield and Cold War...
The specter of bankruptcy is hanging over a major part of South Korea's economy, further threatening the country's stagnant growth.
While much of the oil industry is bleeding from low prices and oversupply, one segment is getting a boost.
The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, the two companies said on Wednesday.
With the TNT deal, FedEx is now the only logistics giant with strong networks in Europe, Asia and the U.S., says Stifel, Nicolaus and Co MD David Ross.
Lazada has a strong logistics base, but it also has a good position in the ASEAN market as a one-stop shop, says Maximillian Bittner, Lazada CEO.
WASHINGTON, May 18- The U.S. Transportation Department said Wednesday it is permanently banning passengers and crew members from carrying e-cigarettes in checked baggage or charging the devices onboard aircraft. In August 2014, an e-cigarette in a passenger's checked bag in the cargo hold of an aircraft caused a fire forcing an evacuation of the plane at...
Shares of Atlas Air Worldwide rose nearly 30 percent after the company unveiled a new partnership with e-commerce giant Amazon.
FRANKFURT, May 3- Pressure on ticket prices, tourist caution after attacks on European cities and cargo weakness prompted Lufthansa to cut growth plans for the year, weighing on its shares. British Airways owner IAG last week said it will offer fewer flights than initially planned this summer because people are flying less after the Brussels attacks.
AMSTERDAM, April 28- Airbus Group prepared investors for a charge on its troubled A400M military aircraft programme and reported a heavy cash impact from delays in civil jet deliveries, sending its shares lower despite a pledge to meet full-year targets. Europe's largest aerospace company gained a 3.5 billion euro bailout for the A400M cargo and troop...