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Transportation Air Freight and Logistics


  • DUBAI, May 28- Abu Dhabi's Etihad Airways, one of three Gulf airlines that U.S. rivals say benefit from state subsidies, reported a 52 percent rise in annual profit on higher passenger numbers and increased revenue from cargo and partner airlines. Unlike Dubai- based rival Emirates, Etihad has based part of its expansion on investing in other carriers and owns...

  • U.S. airlines say that Gulf-state subsidies amounting to $42 billion let Emirates, Etihad Airways and Qatar Airways lower prices and push competitors out of certain markets, which those airlines have denied. Etihad, meanwhile, on Thursday charged Delta Air Lines Inc, United Continental Holdings Inc and American Airlines Group Inc with receiving more than $70...

  • U.S. airlines say that Gulf-state subsidies amounting to $42 billion let Emirates, Etihad Airways and Qatar Airways lower prices and push competitors out of certain markets. The Gulf carriers have denied the claims by Delta Air Lines Inc, United Continental Holdings Inc and American Airlines Group Inc, saying worse service on the U.S. airlines has caused them...

  • MONTREAL, May 1- A United Nations civil aviation-led panel on Friday called for improved, fire-resistant packaging to ship lithium batteries, which pilots and plane makers say pose a fire risk. The International Civil Aviation Organization's dangerous goods panel agreed this week to set up a group of experts to develop safer packaging for the transport of...

  • LA ports police chief indicted on corruption charges Thursday, 30 Apr 2015 | 9:02 PM ET

    The chief of police for the port of Los Angeles was indicted on federal corruption charges involving a citizen reporting program, U.S. authorities said.

  • LONDON, April 29- By focusing on operational improvements, shipping companies are reducing fuel consumption, saving money and cutting greenhouse emissions, while continuing to increase the amount of freight transported. Maersk Line, the world's largest container carrier, cut fuel consumption by more than 13 percent between 2012 and 2014, while increasing...

  • CHICAGO, April 23- Caterpillar Inc on Thursday gave a somber outlook for the rest of 2015, facing the strong U.S. dollar stiffening competition, weak oil prices bringing a tough energy equipment market and geopolitical tensions posing risks to growth. Caterpillar shares were down 1 percent in midday trading. Peoria, Illinois- based Caterpillar said the strong...

  • CHICAGO, April 23- Caterpillar Inc on Thursday reported a better-than-expected quarterly profit despite lower sales and gave a somber outlook for the rest of 2015 based on the strong U.S. dollar, weak oil prices and geopolitical tensions. Caterpillar said the strength of the dollar lowered the cost of imported goods in the first quarter, especially from Japan,...

  • Rough seas ahead for container shipping industry Wednesday, 1 Apr 2015 | 4:47 AM ET
    A container ship at the Port of Los Angeles in San Pedro, Calif.

    The world’s shipping lines risk bankruptcy and will have to shed assets in order to stay afloat, an industry expert has warned CNBC.

  • FedEx profit jumps on higher package volumes, yields Wednesday, 18 Mar 2015 | 10:17 AM ET
    The driver for an independent contractor to FedEx Corp. delivers packages in Midtown Manhattan in New York.

    FedEx delivered quarterly earnings that topped analysts' expectations on Wednesday.

  • Is Singapore getting airport crazy? Tuesday, 24 Feb 2015 | 11:32 PM ET
    Singapore's Changi Airport

    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.

  • West Coast ports, union reach tentative labor deal Saturday, 21 Feb 2015 | 1:56 AM ET
    Container ships sit docked in a berth at the Port of Oakland on February 17, 2015 in Oakland, California.

    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.

  • Is Japan Post overpaying for Toll? Wednesday, 18 Feb 2015 | 12:02 AM ET
    Customer Katsumi Amano withdraws money from his bank account at a Japan Post Co. branch in Hachioji, Japan, on Tuesday, April 15, 2014.

    Japan Post is shelling out a nearly 50 percent premium to buy Australian freight player Toll, spurring concerns the Japanese behemoth may be overpaying.

  • Toll shares surge nearly 50% on Japan Post takeover Tuesday, 17 Feb 2015 | 7:00 PM ET

    Australia's Toll Holdings said it accepted a $5.1 billion takeover offer from government-owned Japan Post Holdings.

  • Chicago FAA fire ruled arson, ties up air traffic Friday, 26 Sep 2014 | 12:07 PM ET
    A flight board is seen at O'Hare Airport in Chicago, Illinois.

    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.

  • Fire at Chicago FAA hub snarls air traffic: Report Friday, 26 Sep 2014 | 7:58 AM ET
    Passenger at the O'Hare International Airport, Chicago.

    A fire at a Federal Aviation Administration outpost in Chicago has spilled over into air traffic delays from O'Hare and Midway International airports.

  • MH370 search tender awarded to Dutch firm Tuesday, 5 Aug 2014 | 11:53 PM ET
    A crew member of a Royal New Zealand Airforce (RNZAF) P-3K2-Orion aircraft helps to look for objects during the search for missing Malaysia Airlines flight MH370 in flight over the Indian Ocean off the coast of Perth, Australia.

    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 slashes forecast as it spends to boost capacity Tuesday, 29 Jul 2014 | 10:46 AM ET
    A UPS worker delivers packages in Chicago.

    UPS slashed its earnings forecast for the year as it spends to boost capacity ahead of the holiday shopping season.

  • UAE plans Mars mission in heated space race Thursday, 17 Jul 2014 | 6:34 AM ET

    Not content with building the world's tallest building, the UAE is setting its sight on something out of this world: Mars.