A drone that was confiscated after authorities arrested suspects who used drones to smuggle smartphones from Hong Kong to Shenzhen, is pictured in Shenzhen, Guangdong province, China March 29, 2018. Liu Youzhi/Southern Metropolis Daily via REUTERS Chinese authorities have arrested 26 people who were part of an iPhone smuggling operation between
Day: April 9, 2018
Airbus’ odd-looking BelugaXL aircraft is one step closer to its maiden flight
If you’ve ever seen one of Airbus’s “bloated” Beluga aircraft, you certainly won’t have forgotten about it. Named after the Arctic whale for its similar appearance, the huge and rather odd-looking airplane has been in service for the last 20 years, flying large aircraft components — think fuselage sections, wings, and
Uber acquires bike-share startup JUMP
Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At the time, JUMP was contemplating a sale that exceeded $100 million. We’re now
Lufthansa cancels half Tuesday’s flights due to Verdi strike
Lufthansa has canceled more than 800 flights planned for Tuesday, around half of its scheduled services, after public sector union Verdi said it was extending walkouts to airports. Most of the cancellations are short-haul services, but 58 long-haul flights have also been scrapped, Lufthansa said. Verdi, which is asking for a 6
‘Mr. Toyota Nigeria’ Set to Retire in June, Names Successor
The Chairman, Toyota Nigeria Limited, Chief Michael Ade-Ojo, is set to bow out of active participation in the day-today-running of the auto company when he turns 80 on June 14 this year. Ade-Ojo fondly called Mr. Toyota, singlehandedly made the Japanese motor brand, Toyota, a household name and a leading auto
The U.S Postal Service Is in Trouble, but Trump’s Tweets Won’t Fix It
A usps delivery man The USPS needs more customers like Amazon, not fewer. In recent days, President Donald Trump has decried the financial condition of the U.S Postal Service, which, in a series of much-discussed tweets, he has said is losing “Billions of Dollars.” That part is true. From 2013 to 2016, the USPS averaged
Air France strike hits flights as French brace for rail stoppages
IATA says Air cargo growth continued in February
Global air freight demand rose 6.8 percent for the month, outstripping capacity growth for the 19th straight month, according to the latest data from the International Air Transport Association (IATA). Global air cargo volumes climbed 6.8 percent in February 2018 compared with the same month the previous year, according to the
Deutsche Post says its freight unit needs to improve – report
The Group's headquarters in Bonn Deutsche Post DHL Group’s freight unit has to improve significantly to make sure the German logistics group hits its 2020 targets, its chief financial officer told a German newspaper. The group last month said it expects earnings before interest and tax (EBIT) to rise to more than 5