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
Year: 2019
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,
FedEx Express acquisition to expand Israel presence
The express carrier reached a deal to acquire the international express business of Israel-based Flying Cargo Group. FedEx Express said it has reached an agreement to acquire the international express business of Israel-based Flying Cargo Group. The acquisition is expected to close in the first half of 2019 and is subject to
Madrid taxis block access to tourist fair in anti-Uber protests
Police clash with striking taxi drivers as they try to block M40 highway in Madrid, on Jan. 23.REUTERS/Sergio Perez MADRID (Reuters) - Hundreds of taxi drivers protested outside one of Madrid’s largest tourist fairs on Wednesday, using their cabs to block access roads and burning rubbish as part of an open-ended
Boeing’s flying car lifts off in race to revolutionize urban travel
SEATTLE (Reuters) - Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services. Boeing is competing with arch-rival Airbus SE and numerous other
EasyJet says drone chaos was ‘wake-up call’ for airports
EasyJet has said last month's drone disruption at Gatwick was a "wake-up call" for airports. The drones caused blanket cancellations over a number of days in December and mass passenger disruption as a result. The airline said the drones cost it £15m in passenger compensation and lost revenues, and hit 82,000 customers. EasyJet's chief
Panalpina confirms DSV takeover bid for US$4 billion
This morning, the Panalpina board of directors confirmed that it had received an unsolicited, non-binding proposal from Danish logistics rival DSV to purchase the Swiss forwarding giant. The offer was for CHF170 per share, from a combination of cash and DSV shares, adding up to about US$4 billion. The board stated
Cargolux 747F makes emergency landing after cockpit fire
A Cargolux 747-8F was en route from Malaysia’s Kuala Lumpur Airport (KUL) to Zhengzhou Airport (CGO) in China yesterday when the plane was forced to return to KUL after the crew reported fire and smoke in the cockpit. According to a statement from Cargolux, the aircraft landed safely and the crew was
Cathay Pacific makes good on first-class ticket blunder
The tickets are for flights from Vietnam to New York on Cathay Pacific for around $675 return instead of about $16,000 normally. Cathay Pacific Airways said it would guarantee thousands of first and business-class flights sold at huge discounts after a ticketing error, calling the mistake a surprise special on New