Volkswagen has announced that one of its old iconic models, the Beetle, is set for extermination, after a long and storied history dating back eight decades. Speaking at the Geneva motor show on Monday, VW’s Head of Research and Design, Frank Welsch, said that the production version of the company’s ID
Year: 2018
Panalpina profits soar on record airfreight volumes
The Swiss-based freight forwarder reported net earnings of 57.5 million Swiss francs (U.S. $60.6 million) on CHF 5.53 billion in net forwarding revenues during 2017, year-over-year increases of 9.9 percent and 6.5 percent, respectively. Panalpina saw its consolidated profits jump 9.9 percent to 57.5 million Swiss francs (U.S. $60.6 million) during
Suspicious package reports surge in U.S after deadly Texas parcel bombs: police
Police have received more than 150 calls about suspicious packages after three parcel bombs left outside homes in Austin, Texas, exploded this month in related attacks that killed two people and injured two others, officials said on Tuesday. No motive has been given for the blasts - two of which took
Volkswagen boss vows to be ‘part of solution’ on diesel
Volkswagen CEO Matthias Mueller says the automaker had “an excellent year” in 2017 and is committed to addressing concerns about diesel pollution. Mueller cited the company’s efforts to reduce diesel emissions and recover from its 2015 diesel emissions scandal. He said 160,000 older diesels had been taken off the road through
Uber re-enters Barcelona with professional driver service
Uber is seeking a second chance in Barcelona three years after it was forced to shut down in the face of taxi driver protests by introducing a fully licensed ride-hailing service that meets local transportation laws. Its new UberX service will operate with hundreds of professional, licensed drivers in contrast to
Nigeria asks Chinese contractor handling Lagos-Ibadan railway project to work day, night
Nigeria's Minister of Transportation, Mr. Rotimi Amaechi, has advised the contractor handling the 150-kilometre Lagos-Ibadan railway project, China Civil Engineering Construction Corporation, to work day and night to avoid extending its delivery date beyond December this year. The minister stated this on Monday after the monthly meeting of the Project Steering
Lufthansa Cargo to charge fee for paper-based air waybills
Mercedes overtakes Toyota as most valuable car brand in influential study
Mercedes-Benz is now the most valuable automotive brand in the world. That's according to the latest study conducted by Brand Finance. The German automaker edged out Toyota and bested rival BMW for the top spot on this list. Brand Finance says that Mercedes managed an impressive 24 percent year-over-year growth in its brand
Hungary’s largest airport establishing itself as a regional air freight hub
Budapest eyes larger regional freight role after record 2017 Hungary’s largest airport is establishing itself as a regional air freight hub, handling 127,145 tonnes of cargo in 2017. Starting this year, two carriers plan to operate flights to the U.S. from Budapest Airport (BUD), and next year, the airport will open
Med-View Airline Records 62% Profit Growth, to Pay Second Dividend
Med-View Airline Plc, the only airline listed on the Nigerian Stock Exchange (NSE), is set to pay shareholders second dividend since becoming quoted on the exchange. This follows the company’s improved performance for the year ended December 31, 2017. According to the audited results of the company released last week, revenue grew by 41