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  • CHICAGO, Oct 24- United Parcel Service Inc may charge major customers more for a surge in late, unplanned packages or turn down the business if it threatens disruptions during the peak holiday season, a top executive said on Friday, trying to avoid a repeat of last year's delivery meltdown. UPS and main rival FedEx Corp, both considered U.S. economic bellwethers, are...

  • CHICAGO, Oct 24- Robust U.S. consumer and business demand plus strong growth in Asia drove a higher-than-expected quarterly profit at package delivery company United Parcel Service Inc and its top executive said that after a challenging holiday period last year the firm is ready for the 2014 peak season. UPS, the world's largest shipping company, and its main...

  • CHICAGO, Oct 24- Robust U.S. consumer and business demand plus strong growth in Asia drove a higher-than-expected quarterly profit at package delivery company United Parcel Service Inc.. Atlanta- based UPS also confirmed its full-year profit outlook, predicting earnings per share of between $4.90 to $5.00. UPS posted revenue of $14.29 billion for the quarter,...

  • CHICAGO, Oct 24- United Parcel Service Inc reported a better-than-expected quarterly profit on Friday, driven by growing demand, improving margins in the United States and strong growth in Asia and Europe. UPS, the world's largest shipping company, reported earnings per share of $1.32, up 14 percent from $1.16 a year earlier. Atlanta- based UPS posted revenue of...

  • Oct 23- American Airlines Group, United Airlines and other carriers reported strong third-quarter profits on Thursday, helped by falling fuel costs, and mostly shrugged off concerns that Ebola could affect their outlook. American Airlines, already the world's largest airline by passenger traffic, promised in an earnings call to outstrip its competitors by...

  • CHICAGO, Oct 23- Determined not to repeat a holiday season that left millions of packages delivered too late and customers seething, United Parcel Service Inc and FedEx Corp are investing heavily in new infrastructure- but the continued dynamic growth of e-commerce will test those efforts. Even so, the rise in shipping originating with e-tailers including...

  • Oct 23- Several U.S. airlines reported strong third-quarter profits on Thursday, helped by falling fuel costs, with many topping Wall Street's earnings per share estimates. The exception was United Airlines which fell 1.4 percent after it projected unit revenue for the current quarter below Wall Street's expectations. However, the Chicago- based carrier as...

  • Southwest CEO: Demand strong despite Ebola scare Thursday, 23 Oct 2014 | 11:28 AM ET
    A Southwest Airlines airplane departs Ronald Reagan National Airport in Washington.

    The 27 percent rise in quarterly profits reflected an increase in passenger boardings and lower fuel costs.

  • Oct 23- American Airlines Group Inc, the world's largest airline by passenger traffic, said on Thursday that third-quarter net income soared 87 percent, topping analysts' estimates, buoyed by declining fuel costs. Combined American and US Airways net income was $505 million a year earlier. American Air and US Airways completed a merger in December 2013.

  • JetBlue Airways quarterly profit rises 11 pct Thursday, 23 Oct 2014 | 8:05 AM ET

    Oct 23- JetBlue Airways Corp reported an 11 percent rise in quarterly profit, as it flew fuller planes. The company's net profit rose to $79 million, or 24 cents per share, in the third quarter ended Sept. 30, from $71 million, or 21 cents per share, a year earlier. JetBlue's load factor, a key indicator of capacity, rose to 86.2 percent from 85 percent, the company said.

  • Southwest Airlines profit jumps 27 pct Thursday, 23 Oct 2014 | 7:28 AM ET

    Oct 23- Southwest Airlines Co reported a 27 percent rise in quarterly profit as it boarded more passengers and benefitted from lower jet fuel costs. Net income rose to $329 million, or 48 cents per share, for the third quarter ended Sept. 30, from $259 million or, 37 cents per share, a year earlier. Excluding items, the U.S. carrier earned 55 cents per share, up from 34 cents...

  • *Gulf airlines using Italy as base for expansion. Italy is Europe's fourth largest travel market, one of the world's top tourist destinations and its thriving fashion and leather industry underpin demand for business travel. That is taking passengers away from Germany's Lufthansa, British Airways and Air France-KLM in Europe, and Delta Air Lines and American...

  • SHANGHAI, Oct 23- China's CSR Corp Ltd is keen to supply high-speed trains to California, a company official said, in a move that will pit the trainmaker against domestic rival China CNR Corp Ltd. CNR and CSR are China's top locomotive makers, while China Railway Construction Corp Ltd and China Railway Group Ltd build track. Xu said CSR would be part of a group of...

  • NEW YORK, Oct 22- U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd, The Wall Street Journal reported on Wednesday. Word of the investigation follows a notice on Tuesday from the U.S....

  • *Russia languishes near bottom of air safety league. *Russia lacks systematic approach to safety- pilot. Numerous official investigations and a crackdown in recent years have done nothing to raise Russia from near the bottom of the global league, largely due to weak regulation and the effects of sky-high alcohol consumption.

  • CHICAGO, Oct 22- Package delivery company FedEx Corp on Wednesday forecast a record holiday season this year, with 22.6 million shipments expected for its anticipated peak day on Dec. 15. With the rise of e-commerce, FedEx's annual peak has nearly doubled since 2007, when it moved 11.5 million packages on Dec. 17. Last year a later-than-usual surge before the...

  • SINGAPORE/ PARIS, Oct 22- From Scandinavia to Southeast Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Between them, Indonesia's Lion Air, Malaysia's AirAsia and Norwegian Air Shuttle have ordered more than 1,400 Airbus and Boeing jets, worth about $140 billion at current list prices.

  • UPDATE 1-CN Rail earnings up on higher volumes Tuesday, 21 Oct 2014 | 4:40 PM ET

    TORONTO, Oct 21- Canadian National Railway Co reported higher third-quarter earnings on Tuesday as revenue jumped on higher freight volumes. Net income rose to C $853 million, or C $1.04 a share, from C $705 million, or C $0.84 a share, a year earlier. Analysts had been expecting earnings of C $1.05 a share on revenue of C $3.14 billion, according to Thomson Reuters...

  • It's a buyer's market for (used) private jets Tuesday, 21 Oct 2014 | 3:15 PM ET
    A Gulfstream G550 jet on display at the Singapore Airshow in February 2014.

    Suddenly, private Gulfstream jets are affordable. Well, "affordable" in a relative sense.

  • Oct 21- Canadian Pacific Railway Ltd reported higher third-quarter earnings and revenue on Tuesday as its operating ratio, a key efficiency measure, set a new record. Earnings and revenue fell short of analyst expectations, but shares rose 1.8 percent to C $225.45 on the Toronto Stock Exchange, in line with rival Canadian National Railway Co.

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