BEIJING (Reuters) - Toyota Motor Corp aims to raise vehicle sales in China by 8 percent to 1.6 million this year, the Japanese automaker said on Friday. Toyota sold 1.47 million vehicles in China last year, up 14.3 percent from 2017. Toyota’s forecast comes at a time when automakers in China
Business
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
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
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
Qatar Airways acquires 5 percent stake in China Southern
DUBAI, United Arab Emirates (AP) - Qatar Airways says it now holds a 5 percent share in China Southern Airlines, helping expand the Gulf carrier’s reach in one of the world’s fastest-growing aviation markets. Qatar Airways Group said Wednesday the acquisition of additional shares of China Southern supports its overall investment
Early 2018 holiday shopping breaks peak season records
Following on the heels of China’s 11.11 shopping holiday, numbers are out for Black Friday and Cyber Monday. American shoppers kicked off the start of the shopping season in the United States, spending US$24.2 billion shopping online — 23 percent more than what they spent over the same five days in 2017. American