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
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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
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
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
Panalpina opens logistics centre in Singapore
On Tuesday, Swiss forwarder Panalpina opened a six-floor, 25,800-square-meter air- and ocean freight logistics center in Singapore, targeting demand for its services from clients in the energy, healthcare, technology, manufacturing and fashion industries operating through the tiny nation. In his remarks at the opening ceremony, Panalpina CEO Stefan Karlen said, “more
Alibaba, Bolloré to partner in series of high-tech joint endeavors
Chinese e-commerce giant Alibaba and Paris-based Bolloré logistics have entered an agreement to share their best-practices and respective market knowledge and potentially cooperate on projects in autonomous driving, cloud computing, and the creation of data management software. Cainiao, Alibaba’s logistics network; Alibaba Cloud, its computing arm; and Bolloré Logistics’ battery-making division,
Boeing’s first-half deliveries up seven percent, orders surge past Airbus
FILE PHOTO: Boeing's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon/File Photo Boeing Co’s first-half aircraft deliveries rose more than 7 percent, lifted by demand for its bestselling 737 jetliners as airlines seek more fuel-efficient planes, and orders were more than double