FILE PHOTO: Freight trucks driven on the Fisher freeway in Detroit, Michigan, U.S., March 27, 2009. REUTERS/Rebecca Cook/File Photo The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc and Hormel Foods Corp to spend
Business
Amazon won’t be able to compete on cost with FedEx, Bernstein says
No Amazon Worries for FedEx "Delivering through Amazon clearly has a cost. For merchants fulfilling by Amazon, that cost is going up significantly this year," Bernstein's David Vernon wrote. The analyst added that while Amazon Prime members enjoy "free" shipping, the company increased the price of the membership in January
Strike Over, Air France Resumes Flights
The airline is slowly returning to normal but some passengers should anticipate delays. Thursday’s Air France strike involving the carrier’s pilots, cabin crew and ground staff has ended, and as of today, the carrier’s operations are slowly returning back to normal, according to a statement on its website. The one-day strike disrupted the travel
Nissan Delegation Discusses Vibrant Auto Market, Affordable Vehicles
Nissan in Nigeria discusses modalities for vibrant auto market, cheaper vehicles Lagos - Officials of Nissan Motor Co. Ltd., from its headquarters in Japan, recently visited Nigeria to discuss strategies with the National Automotive Design and Development Council (NADDC) on how to expand the capacity of the Nissan manufacturing facility to
Boeing Steals an Order From Airbus
Late Tuesday afternoon airline industry analysts at Leeham News reported that Hawaiian Airlines parent Hawaiian Holdings Inc. canceled an existing order for six Airbus A330-800s and will place an order next week with Boeing Co. for an unspecified number of Boeing’s 787-9 Dreamliners. The cancellation is no particular surprise. Back in
Distrust of unions, and GM, hangs over South Korean efforts to stem job losses
FILE PHOTO: The main gate to GM Korea's Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Yonhap via REUTERS/File Photo SEOUL (Reuters) - South Korean President Moon Jae-in is in a bind. Either he risks losing political capital and thousands of high-paying jobs if General Motors cuts its presence
Dana, Asky Airlines signs interline, aircraft agreement
Lagos - Dana Air and Lome, Togo-based Asky Airlines, have signed an interline agreement, which is a commercial pact between two carriers in which one airline can sell the other’s segments, and each will maintain its own code, allowing customers to easily identify the operating airline. The agreement is expected to
Uber suspends service in Morocco after two years
A photo illustration shows the Uber app on a mobile telephone, as it is held up for a posed photograph, with London Taxis in the background, in London, Britain November 10, 2017. REUTERS/Simon Dawson ...drops opposition to London language test Uber said on Monday it would suspend operations in Morocco, two years
GM offers $2.2 billion debt for equity swap in return for Seoul’s support
The main gate to GM Korea's Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Picture taken February 13, 2018. Yonhap via REUTERS. ...plans to produce two new models in South Korea SEOUL (Reuters) - General Motors has offered to convert debt of around $2.2 billion owed by its ailing South
Daimler may have used software to cheat on US emissions tests
A new Daimler AG, FUSO battery-powered eCanter urban delivery truck is unveiled during a news conference in New York City, U.S. September 14, 2017. REUTERS/Brendan McDermid But Daimler denies any wrongdoing. Daimler has been under suspicion of cheating on US emissions tests for quite a while now -- in 2016, a number of customers