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  • MILAN, Dec 17- Italy's top administrative court has given Emirates permission to continue operating direct flights between Milan Malpensa airport and New York, rejecting a request by rival airlines to stop the flights. An Italian court had initially backed their case and barred Emirates from flying on the New York- Milan route. Emirates is a direct competitor...

  • Emirates CEO: The oil price drop is beneficial  Wednesday, 17 Dec 2014 | 11:40 AM ET

    Emirates Airline - and the industry more broadly - is benefitting from lower oil prices, and will report "healthy profits" says Tim Clark, President of Emirates Airlines.

  • UPDATE 3-FedEx profit misses expectations; stock down Wednesday, 17 Dec 2014 | 10:18 AM ET

    CHICAGO, Dec 17- FedEx Corp on Wednesday posted lower-than-expected quarterly earnings as results at its FedEx Ground and FedEx Freight units missed estimates, and it reiterated an outlook analysts consider conservative, sending its stock down nearly 5 percent. Both FedEx and main rival United Parcel Service Inc are in the final days of their peak holiday...

  • CHICAGO, Dec 17- Increased U.S. domestic and international volumes sparked higher quarterly profit at FedEx Corp, the package delivery company said on Wednesday, but quarterly earnings and its full-year outlook fell short of expectations. Both FedEx and main rival United Parcel Service Inc are in the final days of their holiday peak season, which has boomed...

  • CHICAGO, Dec 17- Package delivery company FedEx Corp reported lower-than-expected quarterly profit on Wednesday as U.S. domestic package and international export volumes rose, and reaffirmed its full-year profit outlook. Both FedEx and main rival United Parcel Service Inc are in the final days of their holiday peak season, which has boomed over the past...

  • CHICAGO, Dec 17- Package delivery company FedEx Corp reported a 23 percent jump in quarterly profits on Wednesday driven by higher U.S. domestic package and international export volumes, but fell short of analyst expectations. The Memphis- based company reported net income of $616 million for the quarter ending Nov. 30, compared with $500 million a year earlier.

  • FedEx earnings fall short of expectations Wednesday, 17 Dec 2014 | 7:31 AM ET
    A FedEx cargo plane at the company's distribution hub at Los Angeles International Airport.

    FedEx on Wednesday reported higher second-quarter earnings, but the numbers fell short of analysts' expectations.

  • BEIJING/ SHANGHAI, Dec 17- Deep-pocketed Chinese rivals and tough regulators stand in the way of U.S. car-hailing service Uber's plans to conquer one of the world's biggest transportation markets, even after it signed a tieup with domestic internet giant Baidu Inc.. "You have to do things differently in order to succeed here in China," Uber Chief Executive Travis...

  • BEIJING, Dec 17- Chinese Internet giant Baidu Inc agreed to buy a stake in Uber as the online car-hailing service seeks to gain ground on rivals with powerful backers in one of the world's biggest transportation markets. Baidu is the latest big-name investor, joining the likes of Goldman Sachs and Google Inc, to place a bet on the fast-growing transportation...

  • TORONTO, Dec 15- The parent of Canada's Porter Airlines is nearing the sale of a passenger terminal it operates at Toronto's Billy Bishop Airport, according to three sources familiar with the process. One of the sources familiar with the process said at least two separate bids are expected this week from pension fund manager Alberta Investment Management Corp...

  • FedEx truck crashes, spills packages on NJ highway Monday, 15 Dec 2014 | 6:15 PM ET
    A file photo of a FedEx truck

    A FedEx truck overturned in New Jersey on Monday, spilling packages on to a roadway during one of the company's busiest times of the year.

  • Zurich airport partially closes after threat Monday, 15 Dec 2014 | 5:10 PM ET
    A file photo of the airport in Zurich, Switzerland

    Parts of Zurich airport were closed on Monday evening after it received an unspecified threat.

  • Dec 15- American Airlines Chief Executive Doug Parker said airlines should stop sharing profits with employees and improve wages instead, despite persistent pressure from his own workers to link part of their pay to the company's performance. Competitors Delta Air Lines, United Airlines and Southwest Airlines still tout the millions of dollars they give to...

  • LOS ANGELES, Dec 15- The union for 20,000 dockworkers and a group of their employers at 29 U.S. West Coast ports say they are making slow but steady progress in months-long contract talks seen by the shipping industry as a contributing factor in chronic cargo backups. The International Longshore and Warehouse Union and the Pacific Maritime Association,...

  • Schumer: Investigate expensive airplane tickets Monday, 15 Dec 2014 | 12:29 PM ET
    Sen. Charles Schumer

    Sen. Charles Schumer is calling for federal investigations of high airfares, questioning why they're not dropping along with fuel costs.

  • NEW YORK, Dec 14- For the past 18 months, Americans from Albany to Oregon have voiced growing alarm over the rising number of oil-laden freight trains coursing through their cities, a trend they fear is endangering public safety. The public assistance in states like New York, Pennsylvania, Ohio, Oklahoma and Oregon comes as railroads are posting record profits, and...

  • LODZ, Poland, Dec 14- The European Union has given Poland more than 100 million euros to build at least three "ghost" airports in places where there are not enough passengers to keep them in business. Poland is not the only country in Europe to have built airports that struggle to attract flights. Poland received 615.7 million euros in EU support for airports between...

  • TUI in talks with investors on Hapag stake sale -paper Saturday, 13 Dec 2014 | 7:57 AM ET

    FRANKFURT, Dec 13- TUI AG is in talks with investors interested in buying its stake in Hapag-Lloyd as an option in its long-planned exit from the German shipping company, TUI's chairman told a newspaper. "We are working on a sensible, profitable solution for the exit," Klaus Mangold told the Frankfurter Allgemeine Sonntagszeitung in an interview released ahead of...

  • "I'm not one who often calls for regulation," Tony Tyler, director general of the International Air Transport Association, said in an interview on the sidelines of the organization's global media day. Tyler's concern comes amid growing reports of dangerous drone flights at airports, stadiums and military bases in the United States and elsewhere.

  • PARIS, Dec 12- Airbus said on Friday that the delivery of the first Airbus A350 to Qatar Airways has been rescheduled for December 22. Confirming an earlier Reuters report, Airbus said in a media invitation that the delivery ceremony would go ahead in Toulouse on December 22 and would include a preview flight. Airbus has pledged to deliver the first A350, developed...

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