The mail and logistics company’s revenues for the quarter were driven down by negative currency effects and the sale of Williams Lea Tag. Deutsche Post DHL Group’s consolidated net profit for the first quarter of 2018 tumbled 6.2 percent year-over-year to 631 million euros (U.S. $748 million), according to the company’s
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U.S. Customs hopes to set e-comm standards
A two-page proposal that will be considered in June could postpone the release of a final World Customs Organization framework for another year. U.S. Customs and Border Protection (CBP) is hoping to “lead and facilitate” international e-commerce standards as it is submitting to the World Customs Organization (WCO) a two-page document
Air France says likely to run 85 pct of flights during May 7 strike
PARIS (Reuters) - Air France, facing deepening turmoil over a dispute with staff over pay, said on Sunday it expected to operate close to 85 percent of flights during strike disruptions on May 7. The carrier is in a stand-off with employees which on Friday prompted Air France-KLM CEO Jean-Marc Janaillac
Ethiopian Airlines to Purchase 10 New Aircrafts
Kampala - Africa's fast-growing carrier, Ethiopian Airlines, has signed a purchase agreement with Bombardier for 10 new Q400 aircraft. Bombardier Commercial Aircraft said on April 27 that the value of the transaction is worth US$332 million. "The Bombardier turboprops continue to deliver unmatched performance to our operators, and we are proud that
U.S. issues arrest warrant for former Volkswagen CEO but unlikely to face charges
Ex-Volkswagen CEO Martin Winterkorn charged in the US over the carmaker's diesel emissions scandal - The Financial Express Washington (Reuters) -The U.S. Justice Department said on Friday that former Volkswagen Chief Executive Martin Winterkorn, indicted on four felony charges in Detroit in the company’s diesel emissions scandal, is a fugitive who faces
Air France-KLM to decide on management plan on May 15 as CEO leaves
Jean-Marc Janaillac, Chief Executive Officer of Air France-KLM Group, attends a news conference in Paris, France, May 4, 2018. REUTERS/Charles Platiau PARIS (Reuters) - Air France-KLM’s board will decide on a management transition plan on May 15, the company said on Saturday, after CEO Jean-Marc Janaillac said he would step down when
DHL Global Forwarding adds trans-Pacific freighter service
DHL Global Forwarding is adding a second 747-400F to its round-the-world flight schedule on an aircraft, crew, maintenance and insurance (ACMI) lease agreement with Atlas Air, in a move that the company says will address a high demand for capacity on Asian routes with another 100 tons per flight. “The gap
China tells international airlines to toe the line on Taiwan
FILE PHOTO: Qantas flight QF1, an A380 aircraft, takes off from Sydney International Airport en route to Dubai, above Botany Bay, in Australia August 22, 2017. REUTERS/Jason Reed/File Photo China is turning up the heat on some of the world's top airlines over how they describe Taiwan on their websites. Qantas, Australia's
DHL doubles storage capacity in Tampa
DHL Express is investing US$5 million into its Florida-area service – relocating its Tampa operation to a new site twice the size of its predecessor. The 35,000 square foot facility will serve the greater Tampa-St. Petersburg region, with road service to connect to DHL aircraft operating out of Orlando International Airport
Prime hike gives Amazon warchest for fight over postal costs
FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo Amazon.com Inc’s 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any “rational” hike in United States Postal Service