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Transportation Air Freight and Logistics

  • DETROIT, Feb 22- United Parcel Service Inc said on Thursday it is partnering with truck maker Workhorse Group Inc to build electric delivery vans that could replace tens of thousands of vehicles in the package delivery company's fleet. Atlanta- based UPS said it has approximately 35,000 diesel or gasoline trucks currently in service in urban and suburban...

  • HONOLULU _ Matson Inc. on Tuesday reported fourth-quarter net income of $166.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. Four analysts surveyed by Zacks expected $503.2 million.

  • COPENHAGEN, Feb 20- Denmark's A.P. Maersk, the world's largest container shipping company, sold its North Sea- focused oil and gas business in August to France's Total in a $7.5 billion deal in August as it focuses on transport and logistics. "We're building this company that is a global integrated container business, a company very similar to UPS and Fedex," CEO Soren...

  • "We're building this company that is a global integrated container business, a company very similar to UPS and Fedex," CEO Soren Skou told investors at a capital markets day in Copenhagen on Tuesday. In the biggest deal in breaking up the Maersk conglomerate, French oil major Total purchased the company's North Sea- focused oil and gas business in August in a $7.5...

  • SAN FRANCISCO _ CAI International Inc. on Wednesday reported fourth-quarter profit of $36.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share. Three analysts surveyed by Zacks expected $96.7 million.

  • HONG KONG, Feb 13- China's HNA Group is selling two land parcels in Hong Kong to Henderson Land Development Co for HK $16 billion, as the Chinese conglomerate ramps up asset disposals to address a liquidity crunch. HNA subsidiary Hong Kong International Construction Investment Management Group Co Ltd is selling the land at Kai Tak, near Hong Kong's former...

  • East of business has change in India, things get done very quickly

    Sultan Ahmed bin Sulayem, Dubai Ports World chairman and CEO, speaks about business with India.

  • India and Dubai Port World are working together logistics

    Getting shipments in an out of India at a quicker pace is the focus of a joint venture, says Sultan Ahmed bin Sulayem of Dubai Ports World.

  • Workers pack and ship customer orders at the 750,000-square-foot Amazon fulfillment center in Romeoville, Illinois.

    CNBC's Morgan Brennan discusses the reaction from shippers UPS and FedEx as the Wall Street Journal reports that Amazon will be starting its own delivery service.

  • *Cockpit needs more automation for single pilot- NASA study. SINGAPORE, Feb 8- Once there were three on the flight deck. But with the disappearance of Malaysia Airlines flight MH370 and a deliberate crash by a Germanwings pilot in the last few years, earning public trust and ensuring safety is key.

  • SINGAPORE, Feb 4- A recovery in international trade is reviving demand for aircraft once proudly linked to long-haul passenger travel and now mainly dependent on hauling cargo to stay in production. Last year was best year for cargo since 2010, with traffic growth more than doubling to 9 percent, three times the growth in capacity, the International Air...

  • Vahana, the all-electric, self-piloted aircraft from A³ by Airbus, has completed its first full-scale flight test.

    The Silicon Valley project aims to slash commuter journey times.

  • Top States Worst Infrastructure

    Trump backs a $1.5 trillion infrastructure plan mixing state and private spending. These 10 crumbling states need it most.

  • DUBAI/ ABU DHABI, Jan 24- Etihad Airways on Wednesday said it has pulled its five Airbus freighters from service, and sources said the airline is asking pilots to take unpaid leave as it rethinks its strategy. This contributed to a $1.87 billion loss in 2016, its first loss since 2010.. "This freighter is the right aircraft for our long-term requirements," Peter...

  • DUBAI/ ABU DHABI, Jan 24- Etihad Airways has grounded its five Airbus freighters, and is asking its pilots to take unpaid leave as it continues to rethink its strategy, the airline and sources told Reuters on Wednesday. This contributed to a $1.87 billion loss in 2016, its first loss since 2010.. "This freighter is the right aircraft for our long-term requirements,"...

  • WASHINGTON, Jan 22- The U.S. Transportation Security Administration said on Monday it will require six Middle Eastern carriers to undergo enhanced cargo screening as part of an effort to raise global aviation security. The carriers and airports are: Egypt Air operating out of Cairo International Airport, Royal Jordanian operating out of Queen Alia...

  • WASHINGTON, Jan 22- The U.S. Transportation Security Administration said Monday it was requiring six Middle Eastern carriers to participate in an enhanced cargo screening program as part of an effort to raise global aviation security. The carriers and airports are: Egypt Air operating out of Cairo International Airport, Royal Jordanian operating out of...

  • WASHINGTON, Jan 22- The U.S. Transportation Security Administration said Monday it is requiring six Middle Eastern carriers to participate in an enhanced cargo screening program as part of an effort to raise global aviation security. The emergency amendment covers Egypt Air operating out of Cairo International Airport, Royal Jordanian operating out of...

  • Jan 19- A third of Chinese conglomerate HNA Group's listed units have suspended trading in their shares since November as the group faces rising financing costs after a $50 billion acquisition spree over the past two years. 1. HNA-Caissa Travel Group Co Ltd. *Major shareholders: HNA Tourism Group Co Ltd owns 32.18 percent.

  • IBM: Blockchain 'creates a lot of value'

    Jim Cramer spoke with IBM's Martin Schroeter after earnings to hear his take on blockchain, bitcoin and the new tax law.