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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,

Lufthansa’s Eurowings says Air Berlin plane transfer almost done

The BEST fare seats are seen inside an Airbus A340-300 of Eurowings, a low-cost airline and fully owned subsidiary of German Lufthansa Group, as Eurowings opens a new route from Duesseldorf to New York, in Duesseldorf, Germany, April 27, 2018. REUTERS/Wolfgang Rattay   Lufthansa’s budget carrier Eurowings expects the transfer of planes from

U.S. truck firms accelerate into the merging lane

A transport truck passes through the Allegheny Mountain Tunnel in Somerset County, Pennsylvania, U.S. on September 3, 2017. Picture taken on September 3. The consolidation of the U.S. trucking industry is picking up speed, with big trucking companies and private equity funds scooping up smaller firms as a U.S. regulatory mandate

How Airlines are reacting over Airbus takeover of Bombardier CSeries and how it shook status quo

... Delta says Bombardier CSeries delivery schedule unclear ... Lufthansa says CSeries' future more sustainable after Airbus deal,  expects to benefit from it ... Air Baltic says hopes Bombardier-Airbus deal does not affect pricing ... French Government, UK Business Minister welcome deal ... Boeing says Bombardier CSeries jets may face hefty duties despite Airbus deal ...