The Transportation Department on Friday rejected efforts by FedEx Corp. and United Parcel Service to strip competitor DHL Worldwide Express and DHL Airways of the licenses they need to deliver packages in the United States.
Read MoreKuehne & Nagel International AG, the Swiss-based forwarding and logistics company, showed improved first-quarter earnings and revenue, despite the economic slowdown in North America. The company said its gross profit increased 10.2% in the first three months of the year to 373 million Swiss francs (about $220 million). Revenue jumped 12.2% in the period to about $1.2 billion.
Read MoreBritish Airways and Iberia, the recently privatised Spanish national airline in which BA holds a nine per cent equity stake, have notified the European competition authorities of their plans to deepen their alliance on short and long haul flights.
Read MorePanalpina Group saw gross revenue rise by more than 26% in 2000 to 6.9 billion Swiss francs (about $4 billion), while its net income increased by the same percentage, to about $55 million. Panalpina chief executive Bruno Sidler said they favored an “organic growth” expansion strategy instead of the acquisition strategy of one of their main competitors, Danzas AG. But Fischer said he “would not exclude the possibility of a carefully selected acquisition or alliance to improve our market position”
Read MoreAtlas Air Inc has become a minority investor in a new UK-based cargo airline known as Global Supply Systems Limited. The new cargo carrier has been set up in conjunction with entrepreneur John Porter. The company will initially provide aircraft, crew, maintenance and insurance leases of Boeing 747 freighter aircraft to airlines in the UK and will begin operations out of London’s Stanstead Airport.
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