Transportation Air Freight and Logistics

  • CAPE CANAVERAL, Fla., Sept 1- An explosion destroyed a Falcon 9 rocket belonging to Elon Musk's SpaceX and its cargo during preparations for a routine test firing at Cape Canaveral in Florida on Thursday, two days before it had been due to blast off and place a satellite in orbit. SpaceX said there were no injuries and that an "anomaly" during the static fire test...

  • CAPE CANAVERAL, Fla., Sept 1- An explosion destroyed a Falcon 9 rocket belonging to Elon Musk's SpaceX and its cargo during preparations for a routine test firing at Cape Canaveral in Florida on Thursday, two days before it had been due to blast off and place a satellite in orbit. SpaceX said there were no injuries and that an "anomaly" during the static fire test...

  • CAPE CANAVERAL, Fla., Sept 1- An explosion destroyed a Falcon 9 rocket belonging to Elon Musk's SpaceX and its cargo during preparations for a routine test firing at Cape Canaveral in Florida on Thursday, two days before it had been due to blast off and place a satellite in orbit. SpaceX said there were no injuries and that an "anomaly" during the static fire test...

  • CAPE CANAVERAL, Fla., Sept 1- An explosion destroyed a Falcon 9 rocket belonging to Elon Musk's SpaceX and its cargo during preparations for a routine test firing at Cape Canaveral in Florida on Thursday, two days before it had been due to blast off and place a satellite in orbit. SpaceX said there were no injuries and that an "anomaly" during the static fire test...

  • CAPE CANAVERAL, Fla., Sept 1- An explosion destroyed a Falcon 9 rocket belonging to Elon Musk's SpaceX and its satellite cargo during routine test firing at Cape Canaveral in Florida on Thursday, two days before it had been due to blast off and place the satellite in orbit. The large blast shook the launch pad leased by SpaceX at Cape Canaveral Air Force Station just...

  • A file photo of the Hanjin United Kingdom container ship, operated by Hanjin Shipping Co.

    The collapse of South Korea's Hanjin Shipping sent ripples though global trade on Thursday, as the country's largest port turned away its ships.

  • The Hanjin Chongqing container ship departs the Port of Los Angeles in San Pedro, California.

    Marginalized players have been sidelined, while the shipping industry is consolidating at the top, says Drewry Financial Research Services' Rahul Kapoor.

  • RocketLab CEO, Peter Beck poses with The Rutherford at the company's Auckland headquarters on June 10, 2015. The Rutherford, a battery-powered rocket engine printed on 3D parts, is set to reduce the cost for companies to send satellites to space by as much as US$5-45 million.

    Launching satellites into space could get even cheaper very soon.

  • Artist’s impression of the multipropeller CityAirbus vehicle

    Aerospace giant Airbus is designing a flying driverless taxi that you can summon via an app on your smartphone.

  • Aug 16- Blackstone Group LP has offered a financing plan to help debt-laden U.S. supply chain management company JDA Software Group Inc, giving it an alternative option to selling itself to Honeywell International Inc, people familiar with the matter said. JDA's majority owner, buyout firm New Mountain Capital LLC, now has to decide whether to sell the company...

  • Maersk Performance

    Maersk Line's Robbert Van Trooijen says Q2 net profit fell due to low freight rates, but the company managed to utilize its assets more efficiently.

  • An American Airlines plane takes off at the Miami International Airport.

    A trio of American airlines saw mild swings in trading Tuesday, after reporting July traffic data.

  • JDA Software's majority owner, buyout firm New Mountain Capital LLC, has already explored a sale of the company to private equity firms, and there is no certainty its latest talks with Honeywell will result in a deal, the people said on Monday. Honeywell, New Mountain Capital and JDA Software declined to comment. JDA Software, based in Scottsdale, Arizona, provides...

  • Plane ends up on highway after overshooting runway

    A jet operated on behalf of DHL faced thunderstorms and poor weather upon landing in northern Italy early Friday.

  • The online retail giant plans to lease 40 aircraft to speed up deliveries and take more control of the process.

  • July 28- Boeing Co could end production of its iconic 747 aircraft, as the world's biggest plane maker faces falling orders and pricing pressure, according to a regulatory filing. "On the 747 program, we decided to reduce future production expectations and revenue assumptions to account for current and anticipated weakness in the air cargo market," Chief...

  • Minh Phuong Dang built MP Logistics from scratch, and welcomes the competition Vietnam's growth will bring.

  • WASHINGTON, July 25- The United States and Mexico agreed to put into force a new air transportation agreement that is expected to boost travel and clear the way for any city to have direct airline service to the neighboring nation, the U.S. Transportation Department said on Monday. The agreement will allow "increased market access for passenger and cargo...

  • MP Logistic's Minh Phuong Dang says she's confident that local "know-how" gives domestic logistics players an added advantage.

  • A Boeing 787 Dreamliner

    Boeing announced it will take three charges totaling $2.05 billion as part of its second-quarter earnings. Its stock dropped in after-hours trading.