Transportation and Logistics Sector
Deutsche Post says net profit jumps 43% in 2012
Mar 05, 2013 03:44 EST
German postal and logistics giant Deutsche Post said on Tuesday its profits surged more than 40 percent in 2012 on the back of the strong performance of its DHL express division.
Korean Air confirms bid for Czech Airlines
Mar 05, 2013 03:35 EST
Korean Air confirmed on Tuesday it had made an official bid of "several million dollars" for a 44 percent stake in troubled Czech Airlines (CSA), in what would be its first investment in another carrier.
KLM says to end direct Sudan flights March 31
Mar 05, 2013 03:21 EST
Dutch airline KLM said on Tuesday it is ending direct flights between Amsterdam and the Sudanese capital Khartoum, citing rising costs.
German railways in legal new spat with Bombardier
Mar 04, 2013 15:47 EST
German rail operator Deutsche Bahn said Monday it is suing Canadian train maker Bombardier over "serious defects" in trains used on the suburban S-Bahn rail network in Berlin.
Cathay Pacific orders 3 Boeing 747-8 cargo planes
Mar 04, 2013 15:17 EST
Cathay Pacific Airways has ordered three Boeing 747-8 Freighter cargo aircraft in a deal worth $1 billion at list prices, the companies said Monday.
Korean Air bids for Czech Airlines: report
Mar 04, 2013 12:27 EST
Korean Air has placed an official bid for a 44-percent stake in the troubled Czech flagship carrier Czech Airlines (CSA), Czech media said on Monday.
Cricket World Cup chairman Strong dead at 68
Mar 04, 2013 04:37 EST
Prominent Australian businessman James Strong, the chairman of the organising committee for the 2015 cricket World Cup in Australia and New Zealand, has died aged 68.
Cricket World Cup chairman Strong dead at 68
Mar 03, 2013 21:58 EST
Prominent Australian businessman James Strong, the chairman of the organising committee for the 2015 cricket World Cup in Australia and New Zealand, has died aged 68.
Struggling Gulf Air sacks staff as unions reject revamp
Mar 03, 2013 01:35 EST
Bahrain's loss-making flag carrier Gulf Air, struggling against competition from other regional carriers, has embarked on a sweeping restructuring plan that has annoyed unions over heavy job cuts.
Bullet train derails in Japan: operator
Mar 02, 2013 11:57 EST
A Japanese bullet train carrying about 130 passengers and crew derailed in heavy snow in northern Japan Saturday, although there were no reports of injuries, the rail operator said.
High-speed bullet train derails in Japan: media
Mar 02, 2013 06:38 EST
A Japanese bullet train carrying about 130 passengers and crew derailed in heavy snow in northern Japan Saturday, although there were no reports of injuries, media reports said.
Armstrong faces two new lawsuits
Mar 01, 2013 17:21 EST
Lance Armstrong was facing two more lawsuits on Friday spawned by his admission that all seven of his Tour de France victories were fueled by banned drugs.
US airports misery to follow sequestration: industry
Mar 01, 2013 16:51 EST
Long lines, fewer X-ray machines, planes stuck on US runways and doubts about air traffic control: look forward to travel misery this summer if budget-slashing sequestration takes effect Friday.
Ongoing repairs keep Statue of Liberty closed
Mar 01, 2013 15:14 EST
Damage wreaked on the Statue of Liberty by Hurricane Sandy has yet to be fully repaired, and it remains unclear when the New York icon will again welcome tourists from around the world.
Air China to buy 31 Boeing planes
Mar 01, 2013 14:34 EST
Air China signed an agreement Friday to buy 31 Boeing passenger and cargo planes from Boeing, subject to government approval, the Chinese flag carrier said.
Cathay Pacific cancels freighter aircraft order
Mar 01, 2013 11:03 EST
Cathay Pacific Airways, the world's largest international air-cargo carrier, said Friday it will cancel an order for eight Boeing 777-200F freighters due to slowing demand.
Lufthansa trims Berlin services as airport woes drag on
Mar 01, 2013 10:05 EST
Lufthansa, Germany's biggest airline, said Friday it will cut back flights to and from Berlin in face of the seemingly never-ending debacle surrounding the German capital's new airport.
Fresh Iberia strike cancels 1,370 flights
Mar 01, 2013 09:45 EST
Workers at Spanish airline Iberia plan a second five-day strike against mass job cuts from Monday, forcing the cancellation of 1,370 flights, the company and unions said.
Boeing offered Dreamliner battery fix: Japan govt
Mar 01, 2013 01:48 EST
Details emerged Friday of the battery fix proposed by Boeing to get its stricken Dreamliners back in the air, as Japan's All Nippon Airways vowed it would stick with the next generation aircraft.
Virgin domestic service set for take-off
Feb 28, 2013 22:26 EST
Richard Branson on Friday unveiled details of Virgin Atlantic's new domestic service which he promises will bring "rock and roll spirit" to the skies.
