FILE PHOTO: An Airbus logo is pictured during the delivery of the new Airbus A380 aircraft to Singapore Airlines at the French headquarters of aircraft company Airbus in Colomiers near Toulouse, France, December 13, 2017. REUTERS/Regis Duvignau LONDON - European planemaker Airbus delivered over 700 aircraft in 2017, breaking company records and
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E-commerce triggers a tsunami of returns this holiday season
UPS dispatch Returns are the unsung antiheroes of the e-commerce saga, but this holiday season, they’re getting their moment in the spotlight, because it turns out that for all the advantages of shopping online, nothing beats the old-fashioned dressing room. “E-commerce’s painless return policies are duping us,” wrote Slate.com’s Inkoo Kang. “And
USPS is getting a raw deal from Amazon, but it’s a bit more nuanced…
China Aircraft Leasing buys 50 Airbus A320neo series for $5.4 billion
A model aircraft is displayed at the reception of the China Aircraft Leasing Group office in Hong Kong, China June 22, 2015. REUTERS/Bobby Yip HONG KONG (Reuters) - China Aircraft Leasing Group Holdings Ltd said it will buy 50 Airbus SE A320neo aircraft for an aggregate list price of $5.42 billion, as it
Airbus sprints from behind in bid to upset Boeing order lead
FILE PHOTO - The logo of Airbus is seen on a Beluga transport plane belonging to Airbus in Colomiers near Toulouse, France, September 26, 2017. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) - Airbus is pulling out the stops to try and take the lead in its annual order contest with Boeing, lining
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Why Chinese Owner of Volvo Cars Is Betting Big on Volvo Trucks
Geely bought struggling black cab business London Taxi Company, saving it from collapse. Despite Geely's new involvement with AB Volvo, the truck company will remain separate from Volvo Cars, which split off from AB Volvo in 1999. (F) for $1.8 billion. Volvo Trucks is one of the world's leading manufacturers of heavy
UPS expects returns to surge to new record this season
The United Parcel Service (UPS) projects that record-breaking e-commerce shopping volume this holiday season could lead to a surge in returns for the shipping company. In a press release on Wednesday, UPS said more than 1 million returns occurred each day in December leading up to Christmas, and the company expects that
Airbus ready to phase out A380 if fails to win Emirates deal: sources
FILE PHOTO: An Airbus A380 is taking part in a flying display during the 52nd Paris Air Show at Le Bourget Airport near Paris, France June 23, 2017. REUTERS/Pascal Rossignol PARIS (Reuters) - Airbus is drawing up contingency plans to phase out production of the world’s largest jetliner, the A380 superjumbo,
Uber is offloading its money-losing car lease business
Uber has been eager to ditch its car leasing business for months, and it appears to have found a buyer. Wall Street Journal sources claim that the ridesharing company is selling its Xchange Leasing unit to the car marketplace Fair.com. While it's not clear how much Fair is paying, it reportedly won't be a