Air Berlin’s largest shareholder, Etihad Airways, has withdrawn its financial support, causing the company to resort to government loans to remain in the air for another three months.
Report: EMEA cargo theft up significantly in Q2
A total of 943 incidences of cargo theft were recorded in the Europe, the Middle East and Africa region during the second quarter of 2017 by the SensiGuard Supply Chain Intelligence Center, a sharp uptick from the 586 incidents during the same 2016 per…
Executive order to ‘slash’ infrastructure project approval time
President Trump on Tuesday signed an executive order to “slash the time it takes to get vital new infrastructure projects approved and delivered,” Transportation Secretary Elaine L. Chao said in a statement.
Cargojet earnings flying high in Q2 2017
The Canadian all-cargo airline attributed a 15.8 percent year-over-year increase in net earnings for the second quarter to improved aircraft utilization and declining operating costs.
ACP expects record tonnage in FY 2018
For fiscal year 2018, which begins Oct. 1, the Panama Canal is projected to see record tonnage of 429.4 million tons, as well as 13,000 transits, including 2,335 Neopanamax vessels, according to the Panama Canal Authority (ACP).
Freighter pilot pleads to operating cargo plane while drunk
A cargo plane pilot pleaded guilty in a Florida district court Tuesday to operating a Boeing 747 freighter under contract to the U.S. military while intoxicated.
Maersk: Higher rates will offset impact of cyberattack
World’s-largest container carrier Maersk Line reported a highly profitable second quarter based on stronger-than-expected rates, but expects to lose $200 million to $300 million recovering from June cybersecurity breach.
Port of Vancouver thrives in first half 2017 amid higher box, grain volumes
The western Canadian port handled 69 million metric tons of cargo during the first half of the year, up 3.9 percent from the corresponding 2016 period thanks to higher container volumes and strong overseas demand for Canadian grain products.
Coach Beats Estimates but Stocks Drop on Downbeat Forecast
While Coach did beat analysts expectations in its Q4 earnings, a downbeat forecast didn’t help, sparking a stock selloff. Shares of Coach slipped 10% in pre-market trading as Wall Street may have been looking for more optimism with guidance now that newly acquired Kate Spade & Co. (KATE) will be in …
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Accessories at the Teen Choice Awards
The Teen Choice Awards are always a bit wild and wacky, and we couldn’t be happier. Kool-Aid hair, wild makeup and face glitter are accents of choice, while accessories more toned down. A look at our favorites on the red carpet. yesterday’s iRobot moment A post shared by GIGI GORGEOUS …
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