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Investment firm Bain Capital Credit will invest an initial $360 million in a joint venture with Atlas Air Worldwide Holdings (NASDAQ: AAWW), a major provider of outsourced all-cargo aircraft operations and other aviation services, to lease freighter aircraft,…
Sun Country will start cargo service with a big first customer: AmazonMinnesota airline will add 10 planes, 70 pilots under 6-year cargo service deal. Amazon is hiring Sun Country Airlines to fly packages around the…
Backlogs could snag shippers MONTREAL/WINNIPEG (Reuters) - Canada's longest railroad strike in a decade ended on Tuesday as Canadian National Railway Co reached a tentative agreement with workers, but shippers warned it could take weeks…
PURCHASE, N.Y., Nov. 21, 2019 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (AAWW) today confirmed that its subsidiaries Atlas Air, Inc. and Southern Air, Inc. have prevailed in another legal dispute with the union…
CALGARY and NEW YORK, Nov. 20, 2019 /PRNewswire/ - Canadian Pacific (CP) and Fortress Transportation and Infrastructure Investors LLC (FTAI) announced they have entered into a definitive agreement whereby CP will acquire the Central Maine & Quebec Railway ("CMQ"). CMQ owns…
MONTREAL/WINNIPEG, Nov 19 (Reuters) - Thousands of workers at Canada's largest railway went on strike for the first time in a decade on Tuesday, disrupting the shipping of commodities and sparking calls for Prime Minister…
MONTREAL/WINNIPEG, Nov 18 (Reuters) - Canada's Liberal government sent two ministers on Monday to meet with representatives of Canadian National Railway Ltd and its largest union, as already hard-hit shippers pleaded for government intervention to…
Union Pacific 4014 "Big Boy" steam locomotive visits Tucson, Arizona on October 18,2019 Union Pacific implemented Positive Train Control (PTC) on 1,113 route miles in the third quarter of 2019, bringing required PTC-operated route miles…
Carrier to modernize its freighter fleet with six of the world's largest, most capable twin-engine freighters SEATTLE, Sept. 4, 2019 /PRNewswire/ -- China Airlines finalized its agreement with Boeing [NYSE: BA] to order six 777 Freighters to modernize…
BAE Systems has been selected by the vessel contractor to provide the German federal police force, Bundespolizei, with three 57mm naval guns for its three new 86m Offshore Patrol Vessels (OPVs) built by Fassmer shipyard.…
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