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French-German rail merger blocked by Brussels

Alstom makes TGV high-speed trains   Brussels has knocked down a proposed French-German rail merger, designed to help Europe compete with China.   The EU's competition commission blocked the tie-up, saying uniting France's Alstom with the rail arm of Germany's Siemens would lead to higher prices. The firms had said the merger would create an

Panalpina’s largest shareholder rejects DSV takeover bid

On Monday, Panalpina’s largest shareholder, the Ernst Göhner Foundation, said it does not support the non-binding proposal from Denmark-based rival DSV to purchase the Swiss forwarding giant. About two weeks ago, Panalpina’s board said that “according to its fiduciary duties,” it would review the proposal with its professional advisers. The offer,

Amazon makes moves to capture more deliveries

Image provided by Amazon   One industry insider called Amazon's shipping promises a "publicity stunt." Amazon built its massive business by offering door-to-door delivery of millions of items, and the company is apparently trying to figure out ways to bring more of that process in-house by cutting out third-party delivery companies. The Wall Street

Drone Scare Near New York City Shows Hazard Posed to Air Travel

A reported sighting of a drone near Newark Liberty International Airport on Tuesday halted operations at the airport.CreditSeth Wenig/Associated Press   A reported sighting of a drone near Newark Liberty International Airport on Tuesday halted operations at the airport.CreditCreditSeth Wenig/Associated Press One of the busiest airports in the country was closed to arriving

Airports underperform industry cargo growth in December first look

Budapest airport cargo terminal   December cargo throughput results for the world’s airport are still trickling in, but early analysis indicates an overall diminished peak season for air freight. With only a couple of exceptions in Europe and Asia, volumes and traffic across most airports posted year-over-year declines in volume for December,

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