Boeing did not set a time frame for job cuts and said the number "will depend on how effectively we bring down costs as a whole."» Read More
A small Estonian startup called Starship thinks this sidewalk-cruising robot is a better option than delivery drones.
Standing-only passenger tickets, pay-to-use toilets and planes shaped like flying saucers are some ideas yet to make it to an airport near you.
"There is no' sell' signal as far as I'm concerned," said Katie Stockton, chief technical strategist at BTIG in New York. Analysts point to specific transports, such as United Parcel Service Inc, FedEx Corp, and hard-hit railroads, down 25.1 percent this year, as places to bargain hunt. "For investors who have a longer time horizon, that is more than a couple of months, we...
SYDNEY, Oct 30- Australian logistics firm Qube Holdings Ltd said on Friday it and partners had bought a near 20 percent stake in freight firm Asciano Ltd, seeking to block a $6.5 billion bid from Canada's Brookfield Asset Management. Qube said it wanted to combine its logistics business with Asciano's Patrick Containers Terminal business, while GIP and CPPIB...
*Japan firms invest $10 bln in SE Asia in H1 2015- JETRO. *Such investment in 2014 was triple the amount put in China. Companies from Japan, whose interest in places outside China dimmed during decades of heavy spending there, continue to have ardor for Southeast Asia as they seek to offset anemic domestic growth.
Walmart is asking for regulatory permission to test drone delivery to fill online orders.
Indian budget airline IndiGo is likely to reap the rewards of its low cost base when it launches an expected $465 million IPO on Tuesday.
LONDON/ MOSCOW, Oct 21- More than 100 cargo vessels have reached Syria in the past few weeks, in the biggest buildup in shipping for over a year as Russia steps up its support for ally President Bashar al-Assad. The ships have arrived directly from Russia, Black Sea ports such as Constantza in Romania as well as from Lebanon and Egypt, according to shipping data,...
Norwegian Air hopes to sell one-way tickets to Europe for $69 as early as 2017 by flying from U.S. airports that have low fees.
The founders of AirAsia are sounding out investors to take the company private in a management-led buyout, people familiar with the matter said.
As baby boomers age, UPS, FedEx and DHL expect health-care logistics to become a more important part of their future.
BATROVCI, Serbia/ BUDAPEST, Oct 2- Border closures and tighter controls caused by record numbers of migrants are clogging up trade in southeast and central Europe, driving up costs and forcing transport companies to seek other routes. Freight traffic through Serbia was severely disrupted when Hungary and Croatia closed their borders last month to cope with...
LUXEMBOURG, Sept 29- Cargolux is in talks with Boeing to buy five more 747-8 F freighter jets, the chief executive of Europe's largest all-freight carrier said on Tuesday. The aircraft would serve a planned joint venture between Cargolux and its 35- percent shareholder Henan Civil Aviation Development& Investment to be based in Zhengzhou, north central China.
Helane Becker, managing director and transportation analyst at Cowen & Co., explains why European authorities will approve U.S. packages delivery company FedEx's acquisition of Dutch peer TNT.
Sept 18- Starbucks Corp can move to Cuba, but it still cannot sell lattes there. The new rules of engagement have opened the door for Internet companies, but a Cuba government-owned company has the local monopoly on Web services. That's not how it operates, "said Kirby Jones, head of Alamar Associates, which has advised companies on business in Cuba since the 1970 s.
The service, dubbed Etsy ASAP, will launch sometime in the fall, Re/code reports.
Sept 9- XPO Logistics Inc said it would buy trucking and logistics company Con-way Inc for $3 billion, including debt, making it the second largest provider of less-than-truckload services in North America. Con-way's shares jumped 33 percent to $47.20 in after market trading on Wednesday, just shy of XPO's offer of $47.60 per share in cash.
Sept 9- The union representing pilots at package delivery company United Parcel Service Inc said it had urged them to vote to authorize a strike. The Independent Pilots Association said on Wednesday that if the pilots voted in favor of authorizing a strike, its board would have the authority to request a release from federally mediated negotiations with UPS.
FRANKFURT, Sept 8- Lufthansa pilots could extend the two-day strike that started at 0600 GMT on Tuesday, German pilots' union Vereinigung said, to step up pressure on management in their long-running dispute over cost cuts, retirement benefits and pay. Tuesday's strike affects long-haul passenger and cargo flights out of Germany from 0600 GMT to 2159 GMT, with a...
BERLIN/ FRANKFURT, Sept 7- The German pilots' union will extend its strike at Lufthansa into Wednesday after a walkout already planned for Tuesday in a long-running dispute over pay, benefits and cost cuts. Tuesday's strike, the 13th in 18 months, affects long-haul passenger and cargo flights out of Germany from 0600 GMT to 2159 GMT on Tuesday, while Wednesday's 24-...