NEWS: Freight logistics company UTi Worldwide moved to a loss in its fiscal third quarter, dragged down in part by severance costs. NUMBERS: UTi Worldwide Inc. lost $9.1 million, or 9 cents per share, for the quarter ended Oct. 31. Revenue dipped slightly to $1.15 billion from $1.16 billion, but still beat Wall Street's estimate of $1.14 billion.» Read More
Jeffrey Schwartz, Deputy Chairman at Global Logistic Properties reports a 30.7% rise in Q3 net profits and is optimistic about the company's outlook. He speaks about the company's J-Reit listing in Tokyo.
Irish airline Aer Lingus said on Wednesday an attempt by Ryanair to buy the company was likely to fail, and pointed to a jump in profits last year as proof it could flourish on its own.
Iron ore exports to China from Australia's Port Hedland, a bellwether for Chinese industrial activity, surged 25 percent in December from the previous month to a record level, shipping data showed.
Every day, about 10 Kansas City Southern trains hauling everything from cars to chemicals crisscross the border between Mexico and the United States at Laredo, Texas, up from about six three years ago.
We're not talking recycling. We're talking Eveready operational problems or issues that emerge and need to be addresses and solved quickly to benefit customers.
As airlines continue to grapple with high fuel costs, falling freight rates and declining passenger yields, Timothy Ross, Head of Asia Pacific Transport Research, Credit Suisse warned that the earnings environment could be even worse than back in 2008.
U.S. exports are almost certain to hit a record high in 2012, remaining one of the anchors of the nation’s economic recovery. See the list of busiest land, water, and air trade hubs.
Jeff Schwartz, GLP, Deputy Chairman says strong economic growth in China is driving the company's business there. He says GLP is also expanding in Japan where he sees high occupancy rates and profitability.
The last four months of the year have seen a big jump in U.S. companies filing for bankruptcy protection. We’ve ranked the top 10 bankruptcy filings of 2011, using data from banktruptcydata.com.
Suryo Sulisto, chairman of the Indonesian Chamber of Commerce and Industry (Kadin), says the country has launched several large infrastructure projects in an attempt to reduce logistics costs for businesses.
The decade-long battle between Boeing and European arch-rival EADS for a $35 billion refueling airplane contract from the Pentagon ended in defeat for Airbus owner EADS earlier this year – but Chief Executive Louis Gallois insists that the bidding process improved its relationships with the U.S. military.
The perennial war of words between Boeing and Airbus heated up with both sides accusing the other of delivery delays as the crowds gathered for the opening day of the Dubai Airshow on Sunday.
The bumper order Emirates placed for Boeing 777s at the start of the Dubai Airshow was made in anticipation of strong growth in emerging market demand, Tim Clark, president of the airline, told CNBC Monday.
Boeing, and its arch rival Airbus, have in recent years witnessed something of a boom in airplane orders despite the US and Europe battling against financial crisis and economic slowdown.
As the eternal battle to secure aircraft orders continues, Boeing’s newest product, the 787 Dreamliner, landed in the United Arab Emirates for the 2011 round of the Dubai Airshow. It is the first time the plane is shown to the Middle East public with a readied mockup interior.
On one hand the idea of another record year for aerospace manufacturing hardly makes sense, and yet on the other, air travel remains an industry that is still expanding.
While other industries remain mired in red ink amid the global recession, Boeing and Airbus, the two largest aircraft manufacturers, are entering a period of unprecedented growth.
Despite being profitable in 2011, the airline industry is bracing for turbulence in 2012. The combination of major tax increases and fuel prices that are widely expected to rise means there could be rougher skies ahead for the carriers. Passengers, as well, will likely face fewer frills, fewer route options and notably higher prices.
How did Spirit Airlines beat analyst estimates? Insight with Ben Baldanza, Spirit Airlines president/CEO.
Swiss logistics provider Kuehne & Nagel will have a demanding fourth quarter, despite a 1.1 percent rise in earnings in the first nine months of 2011, Gerard van Kesteren, CFO of Kuehne & Nagel, told CNBC.