Tag: cargo (Page 18 of 18)

CP and Hapag-Lloyd Renew Long-Term Agreement

January 25, 2019 / WIL BALDWIN

Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) and Hapag-Lloyd AG (XETR: HLAG) (FWB : HLG) today announced an extension of their long-term agreement to the benefit of the international supply chain, the movement of cargo through the ports of Montreal and Vancouver, and the overall North American economy.

“We are incredibly proud to continue to work with Hapag-Lloyd,” said Keith Creel, CP President and CEO. “This long-term agreement is built on service, reliability and trust. On behalf of the 13,000-strong CP family, particularly those on the ground who ensure we provide exceptional service, we are excited to continue to work closely with Hapag-Lloyd as their preferred rail carrier in Canada.”

In close collaboration, the two companies have built a track record of reliable service on sea and on land for their customers.

“Customers expect reliable supply chains, and in CP we have found a company that delivers consistently, every day,” said Rolf Habben Jansen, CEO of Hapag-Lloyd. “With CP we are able to handle more cargo and take advantage of shorter routes to key markets, and provide long-term value to our customers.”

The agreement will allow Hapag-Lloyd’s customers to benefit from CP’s growing network of transload facilities, its innovative live-lift operation at Portal, North Dakota, and the fastest transit times between Vancouver and the Twin Cities, Chicago and beyond.

From Vancouver and Montreal, CP connects its customers to markets across Canada and the United States. CP’s intermodal franchise has the lowest on-dock dwell and best on-time performance at the Port of Vancouver and Port of Montreal, ensuring faster end-to-end transits for shippers.

Note on forward-looking information

This news release contains certain forward-looking information and forward-looking statements (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as “financial expectations”, “key assumptions”, “anticipate”, “believe”, “expect”, “plan”, “will”, “outlook”, “should” or similar words suggesting future outcomes. This news release contains forward-looking information relating, but not limited to, the success of our business, our operations, priorities and plans, as well as anticipated financial and operational performance, including with respect to CP’s network of transload facilities and anticipated increases in cargo service.

Story and images from http://www.cpr.ca

Two Killed in DC-3 Crash in Ohio

January 23, 2019 / WIL BALDWIN

Two Apple Creek men died Monday morning when the plane they were flying crashed in front of a house shortly after taking off from a nearby private airfield.

Officials from the Ohio State Highway Patrol believe one of the cargo plane’s two engines failed, which may have caused the crash.

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https://www.ohio.com/news/20190121/engine-failure-suspected-in-fatal-plane-crash-near-kidron

Boeing Autonomous Air Vehicle Completes First Flight

January 23, 2019 / WIL BALDWIN

Boeing NeXt program tests prototype to advance safety and technology of urban air mobilityElectric vertical takeoff and landing vehicle has design range of up to 50 miles

MANASSAS, Va., Jan. 23, 2019 /PRNewswire/ –Boeing [NYSE: BA] yesterday successfully completed the first test flight of its autonomous passenger air vehicle (PAV) prototype in Manassas, Virginia. Boeing NeXt, which leads the company’s urban air mobility efforts, utilized Boeing subsidiary Aurora Flight Sciences to design and develop the electric vertical takeoff and landing (eVTOL) aircraft and will continue testing to advance the safety and reliability of on-demand autonomous air transportation.

The PAV prototype completed a controlled takeoff, hover and landing during the flight, which tested the vehicle’s autonomous functions and ground control systems. Future flights will test forward, wing-borne flight, as well as the transition phase between vertical and forward-flight modes. This transition phase is typically the most significant engineering challenge for any high-speed VTOL aircraft.

“In one year, we have progressed from a conceptual design to a flying prototype,” said Boeing Chief Technology Officer Greg Hyslop. “Boeing’s expertise and innovation have been critical in developing aviation as the world’s safest and most efficient form of transportation, and we will continue to lead with a safe, innovative and responsible approach to new mobility solutions.”

Powered by an electric propulsion system, the PAV prototype is designed for fully autonomous flight from takeoff to landing, with a range of up to 50 miles (80.47 kilometers). Measuring 30 feet (9.14 meters) long and 28 feet (8.53 meters) wide, its advanced airframe integrates the propulsion and wing systems to achieve efficient hover and forward flight.

“This is what revolution looks like, and it’s because of autonomy,” said John Langford, president and chief executive officer of Aurora Flight Sciences. “Certifiable autonomy is going to make quiet, clean and safe urban air mobility possible.”

The test flight represents the latest milestone for Boeing NeXt. The division works with regulatory agencies and industry partners to lead the responsible introduction of a new mobility ecosystem and ensure a future where autonomous and piloted air vehicles safely coexist. In addition to the PAV, the Boeing NeXt portfolio includes an unmanned fully electric cargo air vehicle (CAV) designed to transport up to 500 pounds (226.80 kilograms) and other urban, regional and global mobility platforms. The CAV completed its first indoor flight last year and will transition to outdoor flight testing in 2019.

“Boeing was there when the aviation industry was born and in our second century, we will unlock the potential of the urban air mobility market,” said Steve Nordlund, vice president and general manager of Boeing NeXt. “From building air vehicles to airspace integration, we will usher in a future of safe, low-stress mobility in cities and regions around the world.”

Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.

Story and image from http://www.boeing.com

Boeing to Modernize Spanish Chinook Helicopter Fleet

January 8, 2019 / WIL BALDWIN

Boeing [NYSE: BA] announced on january 3, 2019 that it will upgrade all 17 of Spain’s CH-47D Chinook helicopters to the F-model configuration, adding features such as the digital automatic flight control system, common avionics architecture system and advanced cargo handling to align that country’s fleet with those of other nations.

This is the first order from a non-U.S. customer placed through a contract Boeing and the U.S. Army signed in July. That contract covers six new F-models for the U.S. and options for up to 150 more Chinooks for U.S. and international customers. Deliveries to Spain begin in 2021.

“The Chinook is a versatile aircraft flown by eight NATO nations, including Spain,” said Chuck Dabundo, vice president, Cargo and Utility Helicopters and H-47 program manager. “With this contract, Spain’s Chinook crews will enjoy the platform’s current technology and capability, while the country gets an affordable upgrade that builds on its existing H-47 investment.”

The CH-47F is a twin-engine, tandem rotor, heavy-lift helicopter. In addition to the U.S. Army and Special Operations Forces, Chinooks are currently in service or under contract with 19 international defense forces. It can fly at speeds exceeding 175 mph and carry payloads greater than 21,000 lbs. In 2017, Boeing and the U.S. Army announced development of CH-47F Block II, which will incorporate a new rotor blade, redesigned fuel system, improved drivetrain and structural improvements to the fuselage.

For more information on Defense, Space & Security, visit www.boeing.com. Follow us on Twitter: @BoeingDefense and @BoeingSpace.

Story and image from http://www.boeing.com

Aviation Segment To Fuel GE’s Growth

November 13, 2018 / WIL BALDWIN

The Aviation segment has been one of General Electric’s (GE) best-performing units in recent quarters. In the third quarter, the vertical’s revenue jumped 12% to $7.5 billion from $6.7 billion in the previous year’s quarter. However, the segment’s revenue fell slightly short of analysts’ estimate of $7.6 billion.

Aviation revenue accounted for 25% of GE’s total revenue in the third quarter compared to 24% in the previous year’s quarter. The segment’s orders in the third quarter totaled $9.1 billion, up 35% YoY.

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Aviation Segment To Fuel GE’s Growth

Image from www.ge.com

Atlas Air Reports Strong Third-Quarter Earnings Growth

November 1, 2018 / WIL BALDWIN

PURCHASE, N.Y., Nov. 01, 2018 (GLOBE NEWSWIRE) — Atlas Air Worldwide Holdings, Inc. (AAWW) today announced strong third-quarter earnings growth and raised its outlook for full-year 2018, driven by ongoing market strength, customer demand and business development.

“We continue to leverage the scale and scope of our enterprise and our leadership in global aviation outsourcing,” said President and Chief Executive Officer William J. Flynn.

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Atlas Air Reports Strong Third-Quarter

Image from http://www.polaraircargo.com/

Boeing, Embraer To Build KC-390 Military Cargo Jet

October 1, 2018 / WIL BALDWIN

RIO DE JANEIRO, Oct 1 (Reuters) – U.S. planemaker Boeing and Brazil’s Embraer are in talks to set up an assembly line to build KC-390 military cargo jets in the United States, Brazilian newspaper Valor Economico reported on Monday.

In July, the two planemakers announced a deal to give Boeing an 80 percent stake in Embraer’s commercial aircraft arm, marking the biggest realignment in the global aerospace market in decades.

At the time, the companies also announced a deeper sales and services partnership on the new KC-390 military cargo jet through a separate defense venture that they said was likely to eventually receive a joint investment.

According to the report on Monday, which did not detail how the paper obtained the information, the two companies intend to create a defense-related joint venture to install the factory, which would be the second to produce the plane.

Such a partnership would give Boeing a newly designed, U.S.-built tactical transport plane to sell directly against rival Lockheed Martin’s workhorse Hercules C130.

The companies did not immediately respond to requests for comment. The move would allow the planemakers to grow their collaboration in the defense realm, after Boeing’s original takeover bid snagged on Brazilian concerns about it gaining control of national defense programs. (Reporting by Alexandra Alper Editing by Susan Thomas)

Image from www.embraer.com

Boeing Gets Farnborough 777-F Order

July 17, 2018 / WIL BALDWIN

The Farnborough International Airshow kicked off today, with Boeing Co. (NYSE: BA) 777 Freighters pushed to the limelight as logistics and airline companies finalized their orders for fleet expansion. The 777 Freighter is an all-cargo version of the 777-200 longer-range passenger liner. Boeing rolled out the first 777 Freighter in 2008, and the aircraft’s sales have been going strong ever since.

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Boeing Gets Farnborough 777-F Order

Note on forward-looking information

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