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Air Freight and Logistics

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  • NEW YORK, March 10- Boeing Co said on Tuesday that high-density packages of lithium batteries like those used in cell phones and laptops pose fire risks and should not be carried on passenger planes until safer methods for carrying them are developed. Boeing is part of an industry group including other plane makers such as Bombardier Inc and Airbus Group NV, that...

  • NEW YORK, March 10- Boeing Co said on Tuesday that high-density packages of lithium batteries like those used in cell phones and laptops pose fire risks and should not be carried on passenger planes until safer methods for carrying them are developed.

  • Is Singapore getting airport crazy? Tuesday, 24 Feb 2015 | 11:32 PM ET
    Singapore's Changi Airport

    Singapore is budgeting $3 billion for a fifth airport terminal before the fourth is even completed, but it isn't clear the travelers will come.

  • West Coast ports, union reach tentative labor deal Saturday, 21 Feb 2015 | 1:56 AM ET
    Container ships sit docked in a berth at the Port of Oakland on February 17, 2015 in Oakland, California.

    Shipping companies and terminal operators clinched a tentative deal with the dockworkers union, settling a labor dispute causing months of backups at 29 U.S. ports.

  • Is Japan Post overpaying for Toll? Wednesday, 18 Feb 2015 | 12:02 AM ET
    Customer Katsumi Amano withdraws money from his bank account at a Japan Post Co. branch in Hachioji, Japan, on Tuesday, April 15, 2014.

    Japan Post is shelling out a nearly 50 percent premium to buy Australian freight player Toll, spurring concerns the Japanese behemoth may be overpaying.

  • Toll shares surge nearly 50% on Japan Post takeover Tuesday, 17 Feb 2015 | 7:00 PM ET

    Australia's Toll Holdings said it accepted a $5.1 billion takeover offer from government-owned Japan Post Holdings.

  • *Honda slowing North American car production as parts held up. SAN FRANCISCO/ TOKYO, Feb 16- A labor dispute at ports on the U.S. West Coast is disrupting supply chains across the Pacific, forcing some Asian suppliers to resort to costly air freight and pushing up shipping rates as more freighters are caught up in long queues to dock. Japan's Honda Motor Co said on...

  • TOKYO, Feb 6- Japanese automakers are being forced to ship some car parts to U.S. plants by expensive air cargo and tweak production processes as a protracted labour dispute at U.S. West Coast ports shows no signs of letting up. Fuji Heavy Industries Ltd's Subaru, the fastest-growing brand in the United States, said this week that it now had to shoulder an extra 7...

  • Jan 27- Troubled logistics company UTi Worldwide Inc said it would cut several senior positions and no longer maintain regional infrastructure as a way to reduce costs, just a month after Edward Feitzinger took over as chief executive. Feitzinger replaced Eric Kirchner, who had led the company for six years. The restructuring will result in annual savings of...

  • UPDATE 1-UTi Worldwide says to cut several top jobs Tuesday, 27 Jan 2015 | 6:33 PM ET

    Jan 27- Troubled logistics company UTi Worldwide Inc said it would cut several top jobs and no longer maintain regional infrastructure as a way to reduce costs, just a month after Edward Feitzinger took over as chief executive. Feitzinger replaced Eric Kirchner, who had led the company for six years. The restructuring will result in annual savings of $30 million...

  • HOUSTON, Jan 21- Leading pipeline company Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday. Hiland Partners builds and operates oil gathering and transportation pipelines and natural gas gathering and...

  • Kinder Morgan to buy Hiland Partners for $3 billion Wednesday, 21 Jan 2015 | 4:31 PM ET

    HOUSTON, Jan 21- Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday. Hiland Partners builds and operates oil gathering and transportation pipelines and natural gas gathering and processing systems primarily in...

  • WASHINGTON, Jan 13- The U.S. Navy plans to buy V-22 tiltrotor aircraft built by Boeing Co and Textron Inc's Bell Helicopter unit to replace the older C-2A turboprop aircraft it now uses to ferry passengers and cargo to aircraft carriers, two people familiar with the issue said late Tuesday. The sources, who were not authorized to speak publicly, confirmed that top...

  • WASHINGTON, Jan 13- The U.S. Navy plans to buy V-22 tiltrotor aircraft built by Boeing Co and Textron Inc's Bell Helicopter unit to replace the older C-2A turboprop aircraft it now uses to ferry passengers and cargo to aircraft carriers, two people familiar with the issue said late Tuesday. The sources, who were not authorized to speak publicly, confirmed that top...

  • CAPE CANAVERAL, Fla., Jan 6- A SpaceX rocket launch from Florida was canceled because of a last-minute technical glitch on Tuesday, delaying a cargo run to the International Space Station and a pioneering attempt to fly the discarded booster back to Earth, officials said. But with less than two minutes left on the countdown clock, the launch from Cape Canaveral Air...

  • WASHINGTON, Dec 22- The Pentagon's internal watchdog on Monday questioned whether the U.S. government is paying United Technologies Corp too much to maintain the F117 engines that power Boeing Co's C-17 cargo plane, and it urged greater oversight. The Pentagon's inspector general faulted the Air Force for buying $1.54 billion worth of maintenance and repair...

  • The company has lagged the wider U.S. logistics market this year that boosted results of rivals such as C.H. Robinson Worldwide Inc, XPO Logistics Inc and Expeditors International of Washington Inc.. While shares of C.H. Robinson and XPO have jumped about 60 percent and 25 percent in the past year, UTi shares have dropped about 30 percent. Analysts on average were...

  • The decrease means Boeing will produce two fewer airplanes per year, Boeing said. The 747-8, a stretched and updated version of the two-deck, four-engine plane Boeing debuted in 1970, has attracted only 119 total orders since its 2005 launch, with 68 of those orders for cargo versions and the remainder for passenger jets, according to Boeing's website.

  • NEW YORK, Dec 9- Boeing Co said on Tuesday it will cut production of its iconic 747-8 jumbo jet to 1.3 planes per month from 1.5 per month, starting in September 2015. The planned decrease means Boeing will produce two fewer airplanes per year, Boeing said. The cut is being made "because the near-term recovery in the cargo market has not been as robust as expected," Boeing...