Madrid - Striking taxi drivers brought traffic in parts of major Spanish cities to a standstill Monday by stopping their vehicles in major thoroughfares to protest ride-hailing services. Hundreds of stationary white taxis blocked the Paseo de la Castellana, one of Madrid’s longest and broadest avenues, while protesters played soccer and
Month: July 2018
Harley drives deeper into Asia with smaller bikes to fuel growth
Harley-Davidson Inc is launching lightweight motorcycles in Asian markets and electric bikes in the hope of sparking demand as it faces declining sales in the United States and the threat of trade tariffs increasing its costs. The 115-year-old Milwaukee, Wisconsin-based company, known for its heavy touring motorcycles, is scrambling to revamp its
BMW to raise prices of two U.S.-made SUV models in China
Walmart stumbles with its ‘last mile’ package delivery plan
Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers. Walmart’s own store employees would bring online orders directly to shoppers’ homes after completing their usual shifts of up
DHL GF, Ethiopian Airlines launch JV to build logistics infrastructure in Africa
DHL Global Forwarding and Ethiopian Airlines have entered a joint venture (JV), “DHL-Ethiopian Airlines Logistics Services Ltd.,” that will serve the entire continent of Africa based from Ethiopia – with Ethiopian Airlines holding a majority stake in the venture. “With its GDP growth, Africa is stepping into the spotlight as production
Auto market demand prompts DHL to triple capacity in Charleston
This week, DHL has invested US$2.2 million in a 16,200-square-foot facility near Charleston International Airport (CHS), which will “shorten delivery times to and from the airport,” and nearly triple the capacity, compared to its previous facility. South Carolina has attracted “some of the largest U.S. automotive manufacturing hubs,” DHL said, referring
UPS reports reduced operating profit in Q2
UPS streamed its second-quarter 2018 earnings call this morning, reporting a 9.6 percent growth in total revenue, but a shrinkage in total operating profit of 13 percent, compared to the same period last year. The figure encompasses the company’s U.S. Domestic Package, International Package and Supply Chain & Freight sectors. Dividing
Nigerian Public servants to be compelled by Govt fly Nigerian carriers for all official trips
Abuja - Nigeria's Minister of State for Aviation, Hadi Sirika, on Tuesday announced that the government has commenced moves that would compel any public servant travelling on a ticket bought with public funds to travel on a Nigerian carrier. According to the Minister of State for Aviation, Hadi Sirika, in its
Air Peace scales IOSA renewal hurdle, pledges to sustain safety standards
Nigerian carrier, Air Peace, has again passed the International Air Transport Association Operational Safety Audit (IOSA), pledging to sustain the high standards of its flight operations. The airline made the announcement in a statement signed by its Corporate Communications Manager, Mr. Chris Iwarah, on Tuesday in Lagos. The Area Manager, South West
Harley-Davidson’s profit beats estimates, shares rally
Harley-Davidson Inc’s shares rallied on Tuesday after the motorcycle maker forecast a lower-than-expected hit to profit margins from U.S. President Donald Trump’s trade tariffs and its quarterly earnings topped Wall Street estimates. The forecast and results raised hopes 2018 profits will hold up better than expected, despite obstacles such as rising raw