FORT SMITH, Ark. _ ArcBest Corp. on Friday reported second-quarter net income of $10.2 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. ArcBest shares have dropped 16 percent since the beginning of the year. » Read More
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...
China is in a better shape than most think due to the scale of the economy, says Deutsche Post DHL Group's chairman and CEO, Frank Appel.
Low oil prices will drive consumption, with Christmas spending last year robust, says Deutsche Post DHL Group's chairman and CEO, Frank Appel.
Freight trains originating in China have arrived in cities as far afield as Madrid and Tehran as China seeks to demonstrate the viability of a trans-continental service. China Railway, the state-owned railroad operator, now runs a regular weekly container train between Wuhan and Hamburg in Germany with other cities in both countries also developing...
CNBC's Jane Wells reports that Straightline Aviation and Lockheed Martin have inked a $480 million deal for 12 of Lockheed's hybrid airships.
CNBC's Bob Pisani looks at whether FedEx or Caterpillar's views on the economy.
Richard Peretz, CFO of UPS, discusses the international considerations of doing business in the light of the current political rhetoric on trade, as well as the company's push to continue to be the preferred shipper for e-commerce.
March 9- Amazon.com Inc said on Wednesday it had signed a deal to lease 20 Boeing 767 widebody freighter aircraft to ensure capacity to fulfill its promise of one and two-day deliveries in the United States. "This is an incremental negative for FDX and UPS as it will likely remove some higher yielding express freight and parcel volume from each of the respective...
As part of the deal, Amazon also has the right to buy up to 19.9 percent of ATSG's stock over five years at $9.73 per share.
Frank Appel, CEO of Deutsche Post DHL, discusses the company's fourth quarter results and what challenges the company faces.
New ship building is being delayed, while older ships are getting scrapped, notes Tim Huxley from Wah Kwong Maritime Transport Holdings.
The shipping industry should monitor the oversupply of vessels, increase ship demolitions and seek new growth markets, says Platt's Pradeep Rajan.
The low price of oil is allowing cargo vessels to avoid the Suez and Panama canal tariffs and take the long way round Africa instead.
The Singapore Exchange has put in a bid to buy the Baltic Exchange, months after the LME made an approach to buy the storied London exchange.
Asciano's CEO John Mullen says a Brookfield Asset Management-Qube Holdings joint bid for the company is a good move from a shareholder perspective.
Dry bulk ship owners will need to idle or demolish their ships to tide over excess capacity that has sent freight rate plunging.
MONTREAL, Feb 22- The U.N. aviation agency on Monday prohibited shipments of lithium-ion batteries as cargo on passenger aircraft, following concerns by pilots and plane makers that they are a fire risk. The International Civil Aviation Organization's 36- state governing council said the prohibition would be in effect as of April 1, and would be maintained...
Rochelle Hamm's husband, 49- year-old Frank Hamm of Baltimore, died on Oct. 1 when the El Faro went down off the Bahamas in the worst cargo shipping disaster involving a U.S.-flagged vessel in more than three decades. At a press conference outside the hearing site in Jacksonville, Florida, Rochelle Hamm said U.S. lawmakers should establish third-party oversight...
Amazon.com is quietly inviting drivers for its new "on-demand" delivery service to handle its standard packages.
Boeing is expecting strong orders from Asia over the next 20 years, with few order deferrals on the horizon, the aircraft makers' Asia chief said.