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Transportation Air Freight and Logistics

  • CHICAGO, Nov 22- Pilots at ABX Air, an express cargo airline that serves online retail giant Amazon and DHL Express, went on strike on Tuesday, a critical time for retailers with the holiday shopping season about to kick into high gear. Some 250 pilots, who are represented by the Teamsters union, went on strike in the early morning, affecting around 75 flights, mostly...

  • Ultimately, free trade will win: DP World CEO

    Bright spots in the global logistics industry are apparent despite some gloom on trade, says Sultan Ahmed Bin Sulayem, group chairman and CEO.

  • Rough waters ahead for shipping?

    CNBC's Dominic Chu discusses what is fueling shipping gains, and urges caution. The "Fast Money" traders weigh in.

  • DHL CEO: Globalization is here to stay

    DHL Express CEO Ken Allen discusses his company's growth in the shipping and logistics space and global trade.

  • Oversupply was big issue: Graincorp

    Mark Palmquist, CEO of Graincorp, addresses the agribusiness' outlook and whether its logistics processes have been affected by the Hanjin collapse.

  • Shipping stocks soar

    The “Fast Money” traders weigh in on shipping stocks, as DryShips rallies 70 percent today.

  • HONG KONG/ SHANGHAI, Nov 9- Donald Trump's victory in the U.S. election sent shockwaves through industries that rely on open trade, from airlines to cars and IT outsourcing, although shares of some companies rebounded in afternoon trading. In Asia, shares in airlines with significant exposure to global trade, such as cargo giant Korean Airlines, fell as much as 5...

  • HONG KONG/ SHANGHAI, Nov 9- Donald Trump's victory in the U.S. election sent shockwaves through industries that rely on open trade, from airlines to cars and IT outsourcing, even though many executives remain unsure what his protectionist rhetoric will mean in practice. In Asia, shares in airlines with significant exposure to global trade, such as cargo giant...

  • Workers prepare to offload an incoming FedEx plane in Newark, New Jersey.

    FedEx is grounding one of its planes temporarily that has an engine General Electric flagged after a passenger jet erupted in flames last month.

  • Nov 7- FedEx Corp is grounding one of its planes temporarily that has an engine General Electric Co flagged after a passenger jet erupted in flames last month, a spokesman for the cargo airline told Reuters on Monday. In a statement, FedEx spokesman Chris Allen said the company was notified that an engine in one MD11 aircraft was affected. The American Airlines...

  • The U.S. agency will not confirm the agreement's existence, while the Chinese company has pictures of an apparent deal signing.

  • Containers on the Hanjin Gdynia cargo ship berthed at the Port of Long Beach in California on Sept. 15, 2016. Bankrupt Hanjin Shipping's efforts to unload vessels in the U.S. while it goes through bankruptcy in South Korea are meeting with complaints from cargo owners and from the companies that service and equip its fleet.

    For shippers, the bankruptcy of South Korea's Hanjin was both a fillip and a sharp reminder of just how much clean-up was needed in their businesses.

  • Hanjin bankruptcy was watershed event: Expert

    It's easier for Korean firms to snap up parts of Hanjin Shipping instead of international companies, explains Drewry Financial Research Services' Rahul Kapoor.

  • One of P3's logistics parks in Bratislava, Slovakia

    GIC will buy P3 Logistics Parks for $2.7 billion in what's being called Europe's largest real-estate deal of 2016.

  • Record levels of consolidation in shipping: Maersk

    Customers are being especially careful when selecting shipping lines amid fears of more supply chain disruptions following the Hanjin crisis, says Maersk Line's Robbert van Trooijen.

  • Chairman of ZTO Express Lai Meisong delivers goods during the 2016 Global Smart Logistic Summit on June 13, 2016 in Hangzhou, Zhejiang Province of China.

    When it comes to becoming the next FedEx or UPS, China's package delivery companies have a long way to go.

  • CHICAGO, Nov 2- Logistics company XPO Logistics Inc on Wednesday reported a better-than-expected quarterly profit after a year-earlier loss, citing strong ecommerce demand in North America that offset the impact of lackluster economic growth. Its acquisitions included France's Norbert Dentressangle SA for $3.53 billion trucking and logistics company...

  • CHICAGO, Nov 2- Logistics company XPO Logistics Inc on Wednesday reported a quarterly net profit versus a loss a year earlier, citing strong ecommerce demand in North America that offset the impact of lackluster economic growth and gave a robust outlook for 2017.. The company said that it expects full-year 2017 EBITDA of $1.35 billion, a 17 percent increase over...

  • The company stuck to its forecast for annual profit to be significantly below last year's $3.1 billion. "This is far from a satisfactory result for us," said Soren Skou, who was appointed chief executive of the group in June and still heads the container business. "We grew more than the market and gained some market share in the third quarter," said Skou, adding that...

  • The company stuck to its forecast for annual profit to be significantly below last year's $3.1 billion. "This is far from a satisfactory result for us," said Soren Skou, who was appointed chief executive of the group in June and still heads the container business. "We grew more than the market and gained some market share in the third quarter," said Skou, adding that...