Transportation
Air Freight and Logistics
MEXICO CITY, Sept 1- Global commodities trader Cargill Inc does not expect a significant impact on freight costs or logistics from the massive flooding caused by Hurricane Harvey in Texas and Louisiana, its top executive said on Friday. Cargill Chief Executive Officer David MacLennan said while it was still too early to assess the full impact of the storm on U.S....
GLOBAL COMMODITIES TRADER CARGILL SAYS HARVEY WILL NOT HAVE A SIGNIFICANT IMPACT ON AGRICULTURE FREIGHT, LOGISTICS- CEO.
Aug 31- United Parcel Service Inc and FedEx Corp said they resumed flights at Houston's main airport on Thursday afternoon and restarted some Texas operations crippled by Hurricane Harvey. UPS, the world's largest package delivery company, has restored service to more than 150 zip codes in Texas over the last 24 hours though operations remained at a...
Aug 31- United Parcel Service Inc said one of its planes was due at Houston's main airport on Thursday afternoon and package trucks were making deliveries on routes in Corpus Christi as the company resumes some Texas operations halted by Hurricane Harvey. UPS, the world's largest package delivery company, has restored service to more than 150 zip codes in Texas...
Aug 30- Major U.S. railroads have warned that it could be a long time before normal operations resume in the Houston area where Tropical Storm Harvey has caused catastrophic flooding. Closure of rail lines in the grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for customers ranging from automakers to farmers who...
Aug 30- Major U.S. railroads have warned that it could be a long time before normal operations resume in the Houston area where Tropical Storm Harvey has caused catastrophic flooding. And it said workers were reorganizing major rail yards at Settegast, near downtown Houston, and Englewood, including assessing infrastructure, getting trains reassembled and...
Aug 30- Major U.S. railroads have warned it could be a long time before normal operations resume in the Houston area where Tropical Storm Harvey caused catastrophic flooding that overwhelmed roads, bridges and train tracks. The closure of rail lines in the grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for...
Aug 30- Major U.S. railroads have warned it could be a long time before normal operations resume after Hurricane Harvey caused catastrophic flooding in the Houston area. The closure of rail lines in the grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for companies ranging from automakers to farmers which use the...
Aug 30- Major U.S. railroads have warned it could be a long time before normal operations resume after Hurricane Harvey caused catastrophic flooding in the Houston area. The closure of rail lines in a grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for companies ranging from automakers to farmers which use the...
*Cargo nearly a quarter of Korean Air, Cathay Pacific revenue. SINGAPORE, Aug 25- A resurgence in air cargo demand is bolstering earnings at Asian airlines and is set to remain particularly robust all year, a boost for many carriers as fierce competition squeezes margins in their mainstay passenger operations. Global air cargo volumes surged 10.4 percent in the...
The “Fast Money” traders discuss the transports plummeting, including most of the major airlines.
Technology is finally shaking up the way goods are shipped, reports CNBC's Morgan Brennan.
A 38% gain in parcels delivered in the latest ZTO express earnings stands out for Charles Sizemore, CIO, Sizemore Capital Management.
Boxed has built a custom robotic fulfillment center to take on companies like Amazon and Costco, all without laying off any workers.
Aug 9- United Airlines apologized on Wednesday to the owners of dog who died in an aircraft cargo hold during a flight from Houston to San Francisco, the latest death of an animal under the airline's care. ABC News reported that the Rasmussen family's 5- year-old King Charles Spaniel Lulu was aboard the United plane on Sunday when it was delayed on the tarmac for...
TORONTO/ FRANKFURT, Aug 3- The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to come. Six more major international companies, four based in Europe and two in Russia, which...
Douglas Mavrinac of Jefferies says the shipping sector is expected to face a vessel shortage in 2018 after going posting poor earnings in recent years.
TORONTO/ FRANKFURT, Aug 2- The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and businesses has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to come. Cadbury chocolate maker Mondelez and freight logistics company FedEx Corp are among five...
As part of CNBC's Global CFO Council, UPS CFO Richard Peretz speaks about the company's quarterly earnings and strategy.
CNBC's Aditi Roy reports on job growth and increased economic value in mid-size cities across the U.S., thanks to the growth of fulfillment centers.
