FedEx stock downgraded to "neutral" at UBS, which lowered its price target to $256 per share from $283 per share. Competitor UPS is a "buy," the firm said, raising its price target on shares to $125 per share from $121. UPS has "multiple ways to win," UBS said, while
Year: 2018
United Airlines buying bigger regional jets and long-range Dreamliners
United Airlines is buying 4 of the new Boeing 787-9 Dreamliner seen here. United Airlines is going on a plane-buying spree — with much of the buying focused on new and larger aircraft for the Chicago-based carrier's expanding regional route network. United intends to purchase 25 Embraer E-175 regional jets and four
Ryanair ‘downplaying’ emergency landing that sent dozens to hospital after ‘nightmare’ flight, passenger says
The flight was forced to make an emergency landing due to a depressurization event, Ryanair confirmed. Some passengers reportedly experienced headaches and bleeding from the ears due to the rapid descent that followed. (Reuters) A Ryanair passenger is accusing the airline of deliberately “downplaying” the severity of an emergency landing on
DHL Express Strengthens Unmatched Intercontinental Network with Order of 14 New Boeing 777 Freighters
From left to right: Kevin McAllister CEO Boeing Commercial Airplanes; Ihssane Mounir, VP Sales & Marketing The Boeing Company; Dan Abraham, VP Sales Europe Boeing Commercial Airplanes; Ken Allen, CEO DHL Express; Charlie Dobbie, COO DHL Express; Mike Parra, CEO DHL Express Americas.Business Wire At the Farnborough International Airshow, DHL Express
Rolls Royce develops propulsion system for flying taxi
UPS, Teamsters reach five-year Freight labour pact
Threatened strike averted with agreement hammered out before Aug. 1 deadline. UPS and the International Brotherhood of Teamsters, which represents about 11,000 UPS Freight employees, have reached a tentative agreement for a new five-year master contract. “With agreements now reached for both the freight and small package national master contracts, discussions continue
Russia breaks record for fastest space cargo mission
Air cargo is supposed to be the fastest-possible delivery mode on the planet, but once you leave Earth, you have to hand it to the Russians. This week, Russia’s space program upped our standard for “express delivery,” shipping 3 tonnes of food, fuel and supplies to the International Space Station (ISS)
DHL Express launches express Mexico-U.S. flights for pharma
Mexico - DHL Express has launched multiple expedited Mexico-U.S. flights – serving Mexico City, Guadalajara and Monterrey to “most U.S. destinations” – addressing a demand for transportation of pharmaceuticals and biomedical shipments to Central and South America. The logistics giant’s DHL Worldwide Medical Express (WMX) service, launched in 2014, offers dry
Airlines are starting to worry about rising fuel costs
Delta cargo High fuel prices are becoming a big problem for airlines. Delta Air Lines cut its full-year earnings outlook Thursday, a day after American Airlines warned that its costs and sales would be lower than expected last quarter. The culprit: Delta's fuel cost $654 million more in the second quarter than a year ago,
Lufthansa adding two 777 freighters
Lufthansa Cargo D-ALFB 777 Freighter The German airline’s cargo operation expects delivery of the Boeing planes in February and March Lufthansa will add two new Boeing 777 freighters to its cargo operation at the start of next year. The German airline said it is not yet finalized who will manage and operate the