Chris Pearce, CEO of Toll Global Logistics, introduces the company's new warehouse - a 100,000 square meters integrated transshipment hub called "Toll City" in Singapore.» Read More
The world’s shipping lines risk bankruptcy and will have to shed assets in order to stay afloat, an industry expert has warned CNBC.
NEW YORK, March 31- Billionaire investor George Soros and Indian entrepreneur Purnendu Chatterjee on Tuesday won the dismissal of a U.S. lawsuit in which cargo carrier TradeWinds Airlines Inc sought to have them pay a $54.9 million judgment it could not collect. District Judge John Keenan in Manhattan said TradeWinds and its former parent Coreolis Holdings...
FedEx delivered quarterly earnings that topped analysts' expectations on Wednesday.
NEW YORK, March 10- Boeing Co said on Tuesday that high-density packages of lithium batteries like those used in cell phones and laptops pose fire risks and should not be carried on passenger planes until safer methods for carrying them are developed. Boeing is part of an industry group including other plane makers such as Bombardier Inc and Airbus Group NV, that...
NEW YORK, March 10- Boeing Co said on Tuesday that high-density packages of lithium batteries like those used in cell phones and laptops pose fire risks and should not be carried on passenger planes until safer methods for carrying them are developed.
Singapore is budgeting $3 billion for a fifth airport terminal before the fourth is even completed, but it isn't clear the travelers will come.
Shipping companies and terminal operators clinched a tentative deal with the dockworkers union, settling a labor dispute causing months of backups at 29 U.S. ports.
Japan Post is shelling out a nearly 50 percent premium to buy Australian freight player Toll, spurring concerns the Japanese behemoth may be overpaying.
Australia's Toll Holdings said it accepted a $5.1 billion takeover offer from government-owned Japan Post Holdings.
*Honda slowing North American car production as parts held up. SAN FRANCISCO/ TOKYO, Feb 16- A labor dispute at ports on the U.S. West Coast is disrupting supply chains across the Pacific, forcing some Asian suppliers to resort to costly air freight and pushing up shipping rates as more freighters are caught up in long queues to dock. Japan's Honda Motor Co said on...
TOKYO, Feb 6- Japanese automakers are being forced to ship some car parts to U.S. plants by expensive air cargo and tweak production processes as a protracted labour dispute at U.S. West Coast ports shows no signs of letting up. Fuji Heavy Industries Ltd's Subaru, the fastest-growing brand in the United States, said this week that it now had to shoulder an extra 7...
A fire at an air traffic control center outside Chicago on Friday led to the cancellation of all flights at the city's two major airports.
A fire at a Federal Aviation Administration outpost in Chicago has spilled over into air traffic delays from O'Hare and Midway International airports.
Australia awarded a contract to Dutch firm Fugro to search the sea floor where missing Malaysia Airlines Flight MH370 is believed to have crashed.
UPS slashed its earnings forecast for the year as it spends to boost capacity ahead of the holiday shopping season.
Not content with building the world's tallest building, the UAE is setting its sight on something out of this world: Mars.
Insurgents in the Middle East are becoming more sophisticated with the technology behind their weapons, defense experts told CNBC.
As the world's largest technology companies look at ways to use drones, small makers of unmanned aircraft are hoping to fly right behind them.
LATAM Airlines Group is set to make a loss during the World Cup period, the company’s chairman told CNBC.