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Air Freight and Logistics

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  • KUWAIT, Oct 21- Revenue at Kuwait- listed logistics company Agility is expected to resume growing next year as emerging markets business expands and the company develops new sectors, chief executive Tarek Sultan said. With more than 20,000 employees and over 500 offices in more than 100 countries, Agility is one of Kuwait's corporate success stories and a play...

  • UPS increases some shipping rates by 4.9 percent Monday, 20 Oct 2014 | 5:05 PM ET

    ATLANTA— UPS says it is raising rates for a number of its shipping services by an average of 4.9 percent for 2015.. The Atlanta- based company said Monday it is increasing rates for its ground, air, international, UPS Freight, and UPS air freight rates within and between the U.S., Canada and Puerto Rico. The increase goes into effect on Dec. 29.

  • American, US Airways complete cargo combination Monday, 20 Oct 2014 | 1:02 PM ET

    FORT WORTH, Texas— American Airlines and US Airways say they have finishes combining their cargo operations. American Airlines Group Inc. said Monday that it was the first time that operating divisions at the two carriers have become fully combined. Shares of Fort Worth- based American Airlines rose $1.13, or 3.4 percent, to $34.51, as oil prices dipped and...

  • NEW YORK, Oct 14- South Korea- based Asiana Airlines Inc has agreed to pay $55 million to settle allegations in a U.S. class action that it conspired with other airlines to fix rates for shipping air cargo, according to court papers filed on Tuesday. The proposed settlement, which requires the approval of a judge, was filed in U.S. District Court in Brooklyn.

  • CORRECTED-UPS acquires logistics company i-parcel Tuesday, 7 Oct 2014 | 12:53 PM ET

    Oct 7- United Parcel Service Inc the world's biggest courier company, said it bought i-parcel LLC to strengthen its business in the fast-expanding global e-commerce market. Terms of the deal were not disclosed. I-parcel helps American e-commerce merchants with international delivery services in over 100 countries, UPS said.

  • BERLIN, Oct 7- Strikes by train drivers' and pilots' unions over pay and conditions in Germany are expected to disrupt travellers and freight inside and outside the country from Tuesday evening. The strike by drivers, which runs from 1900 GMT Tuesday until 0400 GMT on Wednesday, follows two three-hour strikes in recent weeks. "Strikes in rail freight can affect...

  • UPS acquires logistics company i-parcel Tuesday, 7 Oct 2014 | 8:35 AM ET

    Oct 7- United Parcel Service Inc the world's biggest courier company, said it bought i-parcel LLC to strengthen its business in the fast-expanding global e-commerce market. Terms of the deal were not disclosed. I-parcel helps American e-commerce merchants with international delivery services in over 93 countries, UPS said.

  • Chicago FAA fire ruled arson, ties up air traffic Friday, 26 Sep 2014 | 12:07 PM ET
    A flight board is seen at O'Hare Airport in Chicago, Illinois.

    A fire at an air traffic control center outside Chicago on Friday led to the cancellation of all flights at the city's two major airports.

  • Fire at Chicago FAA hub snarls air traffic: Report Friday, 26 Sep 2014 | 7:58 AM ET
    Passenger at the O'Hare International Airport, Chicago.

    A fire at a Federal Aviation Administration outpost in Chicago has spilled over into air traffic delays from O'Hare and Midway International airports.

  • BEIJING/ SHANGHAI, Sept 25- China said it would ease restrictions on foreign couriers seeking to deliver packages nationwide, potentially increasing competition in a fast-growing business already marked by bruising price wars.

  • BEIJING/ SHANGHAI, Sept 25- China said it would ease restrictions on foreign couriers seeking to deliver packages nationwide, potentially increasing competition in a fast-growing business already marked by bruising price wars.

  • BEIJING, Sept 24- China said on Wednesday it would ease restrictions on foreign couriers seeking to deliver packages nationwide, potentially increasing competition in a fast-growing business already marked by bruising price wars.

  • *Rail workers to go on strike from 6 pm. FRANKFURT/ BERLIN, Sept 1- German rail workers' union GDL called a three-hour strike on Monday that will hit passenger and freight traffic across the country as it seeks to raise pressure on rail operator Deutsche Bahn in a pay dispute.

  • BERLIN, Aug 19- Deutsche Bahn is suing airlines in the United States for operating a price-fixing cartel affecting its freight business between 1999-2006, the German transport company told Reuters.

  • MH370 search tender awarded to Dutch firm Tuesday, 5 Aug 2014 | 11:53 PM ET
    A crew member of a Royal New Zealand Airforce (RNZAF) P-3K2-Orion aircraft helps to look for objects during the search for missing Malaysia Airlines flight MH370 in flight over the Indian Ocean off the coast of Perth, Australia.

    Australia awarded a contract to Dutch firm Fugro to search the sea floor where missing Malaysia Airlines Flight MH370 is believed to have crashed.

  • UPS slashes forecast as it spends to boost capacity Tuesday, 29 Jul 2014 | 10:46 AM ET
    A UPS worker delivers packages in Chicago.

    UPS slashed its earnings forecast for the year as it spends to boost capacity ahead of the holiday shopping season.

  • UAE plans Mars mission in heated space race Thursday, 17 Jul 2014 | 6:34 AM ET

    Not content with building the world's tallest building, the UAE is setting its sight on something out of this world: Mars.

  • Electronic warfare: Middle East a growing threat Wednesday, 16 Jul 2014 | 10:41 AM ET
    Patriot missile

    Insurgents in the Middle East are becoming more sophisticated with the technology behind their weapons, defense experts told CNBC.

  • Small firms’ hopes soar on Amazon drone plan Wednesday, 16 Jul 2014 | 9:03 AM ET

    As the world's largest technology companies look at ways to use drones, small makers of unmanned aircraft are hoping to fly right behind them.

  • LATAM Airline set for World Cup ‘loss’: Chairman Tuesday, 15 Jul 2014 | 11:39 AM ET

    LATAM Airlines Group is set to make a loss during the World Cup period, the company’s chairman told CNBC.