FILE PHOTO - Airbus Group Chief Executive Tom Enders speaks during a news conference on the aerospace group's annual results, in London, Britain February 24, 2016. REUTERS/Hannah McKay Dublin (Reuters) - The head of Europe’s Airbus pledged on Friday to push ahead at “full throttle” with plans for a new assembly
Author: Jack Smith
U.S. trade body backs Canada’s Bombardier over Boeing in tariff spat
Washington/Montreal (Reuters) - Bombardier Inc shares jumped 15 percent on Friday after the Canadian plane maker won an unexpected trade victory against Boeing Co which means it can sell its newest jets to U.S. customers without heavy tariffs. The decision by the U.S. International Trade Commission is the latest twist in
American Airlines announces Double-digit growth in cargo revenues boosts in 2017 profits
...adding cargo services to four more European destinations to network American Airlines (AA) announced a full-year net profit of US$1.9 billion, or $2.4 billion excluding net special items, for 2017, which the carrier concluded was, “a remarkable year.” While passenger operations were predictably robust, the fastest-growing segment was cargo, which registered a
Bombardier expected to lose U.S. trade dispute: Canadian government source
FILE PHOTO: A Bombardier C-Series aircraft is displayed at the Singapore Airshow at Changi Exhibition Center February 18, 2016. REUTERS/Edgar Su/File Photo Montreal (Reuters) - Planemaker Bombardier Inc is expected to lose a hotly contested U.S. trade dispute this week, a Canadian government source told Reuters on Thursday, likely inflaming tensions
Caterpillar profit beats estimates on buoyant global demand
Caterpillar Inc’s profit trounced forecasts for the seventh straight quarter on Thursday as buoyant global demand from construction, mining and energy industries drove a 35-percent surge in equipment sales. Caterpillar said it saw “positive economic indicators across most of the world.” It forecast stronger home and non-residential construction in North America
Potholes ahead for Trump transportation, infrastructure plan
Washington (AP) - The Trump administration is preparing to unveil long-promised plans for roads, bridges and other infrastructure next month. But the plans will fall short of some of his ambitious goals. Trump told mayors this week he will unveil his plan after next week’s State of the Union address. He
After crash, injured motorcyclist accuses robot-driven vehicle of ‘negligent driving’
A California motorcyclist has filed a lawsuit against General Motors, accusing one of the manufacturer’s robot-operated vehicles of “negligent driving.” Oscar Willhelm Nilsson claims he was traveling down a San Francisco street last month when a Cruise AV aborted a lane change and swerved into his lane. The car struck him, “knocking
A Shortage of Trucks Is Forcing Companies to Cut Shipments or Pay Up
Why Airfreight Traffic Is Up
Companies are shipping more items by plane to meet customers’ rising expectations for fast delivery, prompting a scramble for cargo space that has sent airfreight rates soaring and pushed Amazon into the airline business. Global airfreight traffic climbed almost 9% year-over-year in November, the start of the peak shipping season, and
U.S. auto regulator probes Tesla ‘Autopilot’ crash: source
A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson Washington (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) is sending investigators to examine the crash of a Tesla Inc vehicle, apparently traveling in semi-autonomous mode, and a fire truck in California, a person briefed