Business Transportation

  • BERLIN— Struggling German airline Air Berlin says it plans to cut its fleet nearly in half and eliminate some 1,200 jobs as part of a restructuring to develop a leaner structure and focus on its most profitable routes. The airline said Wednesday that it would reduce its fleet of 144 planes by 75 as it concentrates on flights originating from Berlin and...

  • Will Amazon compete directly with UPS and FedEx?

    R.J. Hottovy, Morningstar, shares his take on Amazon's entrance into the delivery business.

  • KIGALI, Sept 28- Rwanda's national airline said it expects the number of its passengers to rise to one million over the next five years, boosted by the launch of new routes after the acquisition of new Airbus planes. John Mirenge, the company chief executive officer, said at a ceremony to receive the plane at Kanombe International Airport in the capital Kigali that...

  • MONTREAL, Sept 28- Reports of air rage rose worldwide in 2015, with instances of verbally abusive airline passengers and travelers who refused to listen to cabin crew increasing by almost 17 percent, the international trade association for airlines said on Wednesday. Alcohol or drug intoxication was identified as a factor in 23 percent of the cases, though in...

  • JOHANNESBURG/ LONDON, Sept 28- Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies raided comprise local subsidiaries of Denmark's Maersk, Swiss-headquartered...

  • WASHINGTON— Incidents of unruly passengers on planes are increasing, and more effective deterrents are needed to tackle the problem, a global airline trade group said Wednesday. There were 10,854 air rage incidents reported by airlines worldwide last year, up from 9,316 incidents in 2014, according to the International Air Transport Association.

  • NIEUWEGEIN, Netherlands— The Latest on the probe into the downing of Malaysia Airlines Flight 17 over Ukraine in 2014:. It also says the Buk launcher came from Russia into Ukraine and was sent back to Russia after it shot down MH17. The Russian military insists that no air defense missile systems have ever been sent from Russia to Ukraine, as the Dutch-led...

  • Uber eyes trucking for the long haul

    The company is working to establish itself as a freight hauler and a technology partner for the industry.

  • MONTREAL, Sept 28- Plane rage reports soared almost 17 percent worldwide in 2015, with incidents such as passengers being verbally abusive and refusing to listen to cabin crew occurring on one out of every 1,205 flights, the international trade association for airlines said on Wednesday. Some 10,854 unruly passenger incidents were reported to the...

  • BERLIN— Germany's Lufthansa says it is taking over Brussels Airlines, exercising its option to acquire the remaining 55 percent stake in its parent company, SN Airholding. Lufthansa, which already owns 45 percent of the company, said Wednesday that the supervisory board was exercising a call option for the remaining stake. Lufthansa, Germany's largest airline,...

  • ABU DHABI, Sept 28- China's Cosco Shipping Ports will invest $400 million in building a container terminal in Abu Dhabi as the emirate aims to expand trade with the world's second largest economy, a senior company official said on Wednesday. The bulk of China's trade with the United Arab Emirates currently goes through Dubai, the regional hub, but Abu Dhabi is...

  • Musk reveals details on how to colonize Mars

    Elon Musk says the main goal is to turn humans into a 'multiplanetary species'.

  • JOHANNESBURG, Sept 28- Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies comprise local subsidiaries of Denmark's Maersk, Swiss-headquartered Mediterranean...

  • JOHANNESBURG, Sept 28- Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies raided comprise local subsidiaries of Denmark's Maersk, Swiss-headquartered...

  • JOHANNESBURG, Sept 28- Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies raided comprise local subsidiaries of Denmark's Maersk, Portugal's Mediterranean...

  • Uber driver

    Sears is partnering with ride-services company Uber as the struggling retailer tries to make its rewards program more attractive to shoppers.

  • JOHANNESBURG, Sept 28- Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies comprise local subsidiaries of Denmark's Maersk, Portugal's Mediterranean Shipping...

  • MOSCOW, Sept 28- The Russian government is looking for ways to cut costs and raise additional funds to plug holes in the state budget caused by weak oil prices. Russia has put stakes in several big state firms on the block, including in diamond producer Alrosa, VTB Bank, top oil producer Rosneft, mid-size oil firm Bashneft and shipping company Sovcomflot, hoping to...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

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