Air Freight and Logistics
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SANTIAGO, May 14- LATAM Airlines Group SA's first-quarter net profit skidded to $42.7 million, or nearly half of a year earlier, on foreign exchange fluctuations, a drop in cargo revenue and the grounding of its three Dreamliners, the company said on Tuesday.
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LOS ANGELES-- Shares of Copa Holdings SA, the parent company of Panama's national airline, jumped Tuesday after a Deutsche Bank analyst upgraded the company to "Buy," citing strong first-quarter results and an improved outlook for this year. THE BACKGROUND: Copa Holdings provides air transport for passengers and cargo.
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May 5- Shares of global air-freight operator Atlas Air Worldwide Holdings are undervalued and now is a good time for investors to get on board, financial newspaper Barron's said on Sunday. Atlas' price was recently around $42 a share, trading at eight times 2014 earnings estimates, versus its historic range of 12 to 15 times.
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DANDONG, China, May 1- China has stepped up checks on shipments to and from North Korea almost two months after agreeing to new U.N. sanctions that demand greater scrutiny of trade, but the flow of goods in and out of the reclusive state appears largely unaffected.
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DANDONG, China, May 1- China has stepped up checks on shipments to and from North Korea almost two months after agreeing to new U.N. sanctions that demand greater scrutiny of trade, but the flow of goods in and out of the reclusive state appears largely unaffected.
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Stocks rose, boosted by gains in shares of materials companies, including iron ore producer Cliffs Natural Resources, and by a drop in weekly jobless claims. **IMPERIAL OIL LTD, $39.78, up 1.6 pct.
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April 25- United Parcel Service Inc, the world's No. 1 package delivery company, said its international package business will drive results in the near term and that it expects the small-package market to grow faster than the U.S. economy in 2013..
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Stocks rose, boosted by gains in shares of materials companies, including iron ore producer Cliffs Natural Resources, and by a drop in weekly jobless claims. **IMPERIAL OIL LTD, $39.78, up 1.6 pct.
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Stocks edged higher on Thursday, as investors digested a raft of earnings and a drop in initial jobless claims, though declines in Dow components ExxonMobil and 3 M Co capped the advance. **IMPERIAL OIL LTD, $39.36, up 0.6 pct.
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ConocoPhillips reported lower quarterly earnings on Thursday as oil and natural gas production edged down along with crude prices. **COLGATE-PALMOLIVE CO, Wednesday close $117.90. Colgate-Palmolive Co posted lower quarterly profit on Thursday as sales grew but the recent devaluation of the Venezuelan bolivar led to a hefty charge.
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Stocks edged higher on Thursday, as investors digested a raft of earnings and a drop in initial jobless claims, though declines in Dow components ExxonMobil and 3 M Co capped the advance. **IMPERIAL OIL LTD, $39.36, up 0.6 pct.
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Stocks were poised for a higher open on Thursday, as investors dealt with a raft of earnings, including those of 3 M Co and ExxonMobil, with added support from a drop in initial jobless claims. **EXXON MOBIL CORP, Wednesday close $89.43. ConocoPhillips reported lower quarterly earnings on Thursday as oil and natural gas production edged down along with crude prices.
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ConocoPhillips reported lower quarterly earnings on Thursday as oil and natural gas production edged down along with crude prices. **COLGATE-PALMOLIVE CO, Wednesday close $117.90. Colgate-Palmolive Co posted lower quarterly profit on Thursday as sales grew but the recent devaluation of the Venezuelan bolivar led to a hefty charge.
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*First-quarter earnings $1.04/ share vs est $1.01. April 25- United Parcel Service Inc, the world's largest package-delivery company, reported a quarterly profit above analysts' estimates, buoyed by a stronger-than-expected post-holiday season in January.
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April 24- The U.S. Federal Aviation Administration said United Parcel Service should pay a $4 million civil penalty for not complying with certain rules on maintaining and operating its aircraft. "We believe we were compliant with FAA rules and will vigorously defend our position," UPS spokesman Mike Mangeot said in a statement.
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April 24- The U.S. Federal Aviation Administration said United Parcel Service should pay a $4 million civil penalty for not complying with certain rules on maintaining and operating its aircraft. "We believe we were compliant with FAA rules and will vigorously defend our position," UPS spokesman Mike Mangeot said in a statement.
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April 24- The U.S. Federal Aviation Administration said United Parcel Service should pay a $4 million civil penalty for not complying with certain rules on maintaining and operating its aircraft. The agency is alleging that UPS failed to follow procedures when repairing four of its aircraft used on more than 400 flights between October 2008 and June 2009.
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April 24- The U.S. Federal Aviation Administration said United Parcel Service should pay a $4 million civil penalty for not complying with certain rules on maintaining and operating its aircraft. The agency is alleging that UPS failed to follow procedures when repairing four of its aircraft used on more than 400 flights between October 2008 and June 2009.
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April 19- Boeing Co said it would cut the production rate for the latest version of the 747 jumbo jet from 2 aircraft per month to 1.75 aircraft citing lower demand for large passenger and cargo planes.
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Boeing said it would cut the production rate for the latest version of its 747 jumbo jets due to lower demand for large passenger and cargo planes.