Transportation Air Freight and Logistics

  • *Australia has been pushing to be' delicatessen of Asia'. SYDNEY, Oct 19- An unprecedented shortage of air cargo space, after years of booming exports to Asia, is forcing Australian producers of top-end foods to potentially miss out on hundreds of millions of dollars in sales of everything from lobster to cherries. Australia has been pushing to become the'...

  • Chairman of ZTO Express Lai Meisong delivers goods during the 2016 Global Smart Logistic Summit.

    ZTO Express has set terms for what could be the largest U.S. IPO this year and also the biggest by a Chinese company after Alibaba in 2014.

  • ZTO's IPO later this month, which could raise as much as $1.5 billion, is the latest example of a Chinese company seeking to capitalize on its growth prospects to lure Western investors, while also avoiding the red tape associated with launching IPOs in mainland China. China is the world's largest express delivery market, with 21 billion parcels delivered in...

  • *Firm has ambitious plans for LNG supply network in Asia. SEOUL/ BEIJING, Oct 12- A little-known investment company said it intends to order up to 20 liquefied natural gas carriers, probably from South Korean shipbuilders. CBI Energy and Chemical, which is controlled by Australian and Canadian investors and has offices in Hong Kong, also said in a statement to...

  • *Firm has ambitious plans for LNG supply network in Asia. SEOUL/ BEIJING, Oct 12- A little-known investment company said it intends to order up to 20 liquefied natural gas carriers, probably from South Korean shipbuilders. CBI Energy and Chemical, which is controlled by Australian and Canadian investors and has offices in Hong Kong, also disclosed in a statement to...

  • LONDON, Oct 9- Deutsche Post DHL remains committed to Britain despite its vote to leave the European Union and so far it has been business as usual for its customers, the company's finance chief said. "We are convinced that the UK will continue to be an important market for us, and at this point in time we don't see any extreme developments in our trading," Melanie Kreis...

  • Atlanta- based Delta Airlines said 130 flights were canceled on Thursday after the airline halted operations at southern Florida airports including Miami. A further 150 will be canceled on Friday as Florida airports further north such as Orlando are affected. A spokeswoman for Chicago- based United Airlines said the company canceled 180 flights from...

  • Atlanta- based Delta Airlines said 130 flights were canceled on Thursday after the airline halted operations at southern Florida airports including Miami. A further 150 will be canceled on Friday as Florida airports further north such as Orlando are affected. A spokeswoman for Chicago- based United Airlines said the company canceled 180 flights from...

  • BERLIN, Oct 4- A German pilots' union called on Tuesday for formal talks with Lufthansa to end a long-running pay dispute that has resulted in strikes at one of Europe's largest airlines. The Vereinigung Cockpit union spokesman said it had written to Lufthansa to seek talks on pay for 5,400 pilots at Lufthansa, Lufthansa Cargo and budget subsidiary Germanwings,...

  • *Jens Bjorn Andersen plans to keep DSV asset-light. COPENHAGEN, Oct 4- Denmark's DSV, which became the world's fifth largest freight transportation company by buying up competitors, is considering more large acquisitions to expand in a fragmented market despite weak growth in global trade. DSV's culture is embodied in chief executive Jens Bjorn Andersen,...

  • SINGAPORE, Sept 29- The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player South Korea's Hanjin Shipping Co Ltd, is slowly waking up to the redeeming potential of technology. "This is way up there on the list of insanely complex systems with enormous impact on the global economy," says Trae Stephens of...

  • Will Amazon compete directly with UPS and FedEx?

    R.J. Hottovy, Morningstar, shares his take on Amazon's entrance into the delivery business.

  • SAN FRANCISCO, Sept 27- With its recent acquisition of self-driving truck startup Otto, Uber Technologies Inc. is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry. Otto plans to expand its fleet of trucks from six to about 15 and is forging partnerships with...

  • Qantas PKG

    Qantas Airlines CEO Alan Joyce says the firm has hedging strategies in place to take advantage of lower oil prices and to smooth out volatility.

  • A Maersk Mc-Kinney Moller container ship.

    A.P. Møller-Mærsk announced on Thursday that the company would split into a transport business and a separate energy division.

  • SEOUL, Sept 22- Hanjin Shipping shares surged as much as 28 percent in morning trade on Thursday after the board of Korean Air Lines, its biggest shareholder, approved lending 60 billion won to the troubled container carrier. Shares of Korean Air climbed 5 percent. Korean Air's board decided late on Wednesday to provide the funds to help offload cargo that has been...

  • BUENOS AIRES, Sept 21- Argentina will invest 22.2 billion pesos over the next three years to modernize the country's airports to increase passenger capacity and boost air cargo shipments, the country's transportation minister said on Wednesday. Argentina's rail capacity lags far behind rival agricultural powerhouses like Brazil and the United States,...

  • SEOUL, Sept 21- The board of Korean Air Lines, the largest shareholder of collapsed Hanjin Shipping Co Ltd, has approved lending 60 billion won to the container carrier, using Hanjin's accounts receivable as collateral, a spokesman for the airline said on Wednesday. The spokesman said the funds would be used to help to offload cargo that has been stranded on Hanjin...

  • Sept 20- Failed South Korean cargo line Hanjin Shipping Co Ltd found the money to unload a full container ship waiting outside a New York- area port. The National Retail Federation on Tuesday urged U.S. But the Miami has not been allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit port.

  • Sept 20- Failed South Korean cargo line Hanjin Shipping Co Ltd has found the money to unload a full container ship waiting outside a New York- area port. The National Retail Federation on Tuesday urged U.S. But the Miami is not being allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit...