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Transportation Air Freight and Logistics

  • 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.

  • Full interview with UPS CEO David Abney

    The full interview with UPS CEO David Abney.

  • DUBAI, May 9- Dubai- based airline Emirates said on Tuesday it had signed an agreement with Cargolux to share cargo capacity. Under the agreement, Emirates can use space in Cargolux's 747 freighter jets and the Luxembourg airline will also increase its three-weekly flights to al- Maktoum International at Dubai World Central. Emirates will provide access to...

  • China's first giant passenger jet takes its maiden test flight

    The flight is a symbolic milestone in China's long-term goal to break into the western-dominated aircraft market.

  • *Qatar's Ooredoo slips; fresh competition in Oman. DUBAI, May 3- Saudi Arabian stocks fell on Wednesday after oil prices slipped, while an interview by the top economic policy official, Deputy Crown Prince Mohammed bin Salman, did little to boost sentiment. Advanced Petrochemical dropped 2.5 percent after the polypropylene maker posted first-quarter net...

  • LONDON, May 2- The UK Serious Fraud Office said on Tuesday it had charged logistics company F.H. Bertling Ltd and four people with conspiracy to commit or accept bribery in an investigation into a North Sea oil exploration project known as Jasmine. The SFO alleged that Robert McNally, Georgina Ayres, Giuseppe Morreale, Stephen Emler and F.H. Bertling, the UK- based...

  • *Japan Post wrote down $3.6 bln of $4.9 bln Toll purchase. TOKYO/ SYDNEY, May 2- In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Just months ahead of its listing, state-owned Japan Post Holdings Co was buying Australian logistics firm Toll Holdings for A $6.5 billion, leaving underwriters scrambling to...

  • *Japan Post wrote down $3.6 bln of $4.9 bln Toll purchase. TOKYO/ SYDNEY, May 2- In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Just months ahead of its listing, state-owned Japan Post Holdings Co was buying Australian logistics firm Toll Holdings for A $6.5 billion, leaving underwriters scrambling to...

  • *Modi launched $133 billion, five-year recovery plan in 2015. *Railways miss earnings targets, borrowing hits $20 billion. GHAZIABAD, India, April 28- India's mammoth state railways, much of them stuck in colonial times, have missed earnings targets for the third straight year and debts have shot up, documents seen by Reuters show, raising doubts about an ambitious...

  • Starship Technologies has partnered with Postmates to start making robotic deliveries in Silicon Valley.

  • Shipping containers lie stacked on a ship docked at the Port Newark Container Terminal, Newark, New Jersey.

    The world’s shipping players have a vested interest in preserving free global trade, and they’ve grown unsettled by rising protectionism.

  • Beijing just launched its first-ever completely Chinese-made aircraft carrier

    China has launched its first aircraft carrier built entirely on its own, in a demonstration of the growing technical sophistication of its defense industries and determination to safeguard its maritime territorial claims and crucial trade routes.