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Air Freight and Logistics

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  • June 5- Logistics company UTi Worldwide Inc reported a bigger-than-expected quarterly loss as a stronger dollar more than offset higher volumes in its air and ocean freight businesses. The net loss attributable to UTi increased to $43.2 million, or 43 cents per share, in the first quarter ended April 30, from $12.4 million, or 12 cents per share, a year earlier.

  • Logistics company UTi reports bigger quarterly loss Thursday, 5 Jun 2014 | 8:15 AM ET

    June 5- Logistics company UTi Worldwide Inc reported a bigger quarterly loss as revenue fell in its air and ocean freight businesses. The net loss attributable to UTi increased to $43.2 million, or 43 cents per share, in the first quarter ended April 30, from $12.4 million, or 12 cents per share, a year earlier. Excluding items, UTi posted a loss of 9 cents per share.

  • SYDNEY/ SHANGHAI, June 5- Global trading houses and banks were scrambling to check on their exposure to a probe into metal financing at China's Qingdao port, as concerns grow that a crackdown into commodity financing could hit trade in the world's top metal buyer. Standard Chartered on Thursday became the latest to say it was monitoring the situation at Qingdao.

  • SpaceX unveils sleek spaceship to fly U.S. astronauts Friday, 30 May 2014 | 12:31 AM ET

    CAPE CANAVERAL, Fla. May 29- Space Exploration Technologies, or SpaceX, on Thursday unveiled an upgraded passenger version of the Dragon cargo ship NASA buys for resupply runs to the International Space Station.

  • *Deutsche Post aims to help European clients expand in e-commerce. BERLIN, May 23- Deutsche Post is aiming to tap an expected surge in online shopping in developing countries by offering clients in its main European markets a service that can deal with shipping and red tape, as well as delivering to a customer's door.

  • Air Asia: How Asean Economic Community will help     Wednesday, 21 May 2014 | 10:52 PM ET

    Tony Fernandes, Group Chief Executive Officer of AirAsia, explains how the new economic agreement between Southeast Asian nations will benefit the airline.

  • Delta defies winter freeze as profit beats Wednesday, 23 Apr 2014 | 10:54 AM ET
    Ground crew personnel service Delta planes at the Salt Lake City international Airport on November 27, 2013 in Salt Lake City, Utah.

    Delta reported earnings that beat analysts' expectations on Wednesday, as passengers flocked to the airline in spite of a brutal winter.

  • The cargo conundrum     Wednesday, 16 Apr 2014 | 1:32 PM ET

    CNBC's Dominic Chu provides insight on road and rail stocks, in addition to providing perspective on air freight and logistics.

  • *S&P 500 rises in Q1 for its fifth straight quarterly gain. NEW YORK, March 31- U.S. stocks rose on Monday, with the S&P 500 ending both March and the first quarter of 2014 with moderate gains, after Federal Reserve Chair Janet Yellen relieved concerns about a rate hike coming earlier than expected.

  • *S&P on track for fifth straight quarterly advance. NEW YORK, March 31- U.S. stocks rose on Monday, with the S&P 500 on track to end the first quarter of 2014 with slight gains, after Federal Reserve Chair Janet Yellen calmed concerns about a rate hike coming earlier than expected. Micron Tech climbed 7.2 percent to $23.48 while Oracle Corp added 3.6 percent to $40.98.

  • NEW YORK, March 31- U.S. stocks rose on Monday, putting the S&P 500 on track for a second straight advance, led by technology and financial shares following comments from Federal Reserve Chair Janet Yellen. Microsoft Corp gained 2.3 percent to $41.22 and JPMorgan Chase& Co rose 1.5 percent to $60.96 as the two biggest boosts to the S&P 500..

  • NEW YORK, March 31- U.S. stocks were poised to open higher on Monday, putting the S&P 500 on track for a second straight advance, ahead of a speech by Federal Reserve Chair Janet Yellen. *Investors will peruse comments by Yellen, who is scheduled to speak in Chicago at 9:55 a.m. EST, for clues on her stance on interest rates.

  • March 31- Logistics company UTi Worldwide Inc reported a bigger-than-expected quarterly loss, hurt by weak demand for air freight as customers opt for slower, but cheaper, modes of shipping. Air freight volumes fell 0.4 percent in North America last year, according to the International Air Transport Association.

  • March 31- Logistics company UTi Worldwide Inc reported a bigger-than-expected quarterly loss, hurt by weak demand for air freight. Net loss attributable to UTi Worldwide narrowed to $50.7 million, or 48 cents per share, for the quarter ended Jan. 31 from $142.8 million, or $1.38 per share, a year earlier.

  • The FAA's so-called airworthiness directive covers Boeing's 747-8 and 747-8 F planes with certain General Electric Co engines. Boeing's website said it had delivered 66 of the four-engine jets, the company's largest, to customers worldwide since the model was introduced in October 2011. The problem never caused a problem in flight, Boeing said.

  • The Federal Aviation Administration's so-called airworthiness directive covers Boeing's 747-8 and 747-8 F planes with certain General Electric Co engines, and calls for removing defective software and installing new, improved software.

  • The Coast Guard said planes were to begin flying after sunrise across Galveston Bay to determine the location of 4,000 barrels, or 168,000 gallons, of heavy fuel oil spilled after a Kirby Inland Marine oil barge and a cargo ship collided on Saturday.

  • The Coast Guard said planes were to begin flying after sunrise across Galveston Bay to determine the location of 4,000 barrels, or 168,000 gallons, of heavy fuel oil spilled after a Kirby Inland Marine oil barge and a cargo ship collided on Saturday.

  • DUBAI, March 20- Buyout firm GrowthGate Capital plans to take freight-forwarding company Able Logistics Group public in Dubai around the end of this year, a senior GrowthGate executive told Reuters, in a sign of growing strength in the region's equity markets. "We aim to make it this year or early next year," Haythem Macki, a partner at GrowthGate, said.

  • JOHANNESBURG, March 17- South Africa's state-owned logistics company on Monday awarded General Electric, Bombardier and two Chinese firms a contract to supply over 1,000 trains, as part of a $28 billion expansion plan.