The Business Times - Transport & Logistics

[TORONTO] The union representing Air Canada flight attendants said on Tuesday (Aug 19) it had ended a strike over wages and unpaid ground work after reaching a “tentative agreement” with …

[HONG KONG] Xiaomi’s quarterly revenue rose a slightly better-than-anticipated 31 per cent after the successful launch of its second electric vehicle helped counter slowing demand for smartphones. Revenue climbed to …

[HONG KONG] Investors anxiously await an earnings report from Xiaomi, following a rally that has driven its market value up US$120 billion in the past year on excitement over its …

[SINGAPORE] Mainboard-listed China electric vehicle (EV) manufacturer Nio has taken a step closer to a South-east Asia debut with the appointment of Wearnes Automotive as its distributor in Singapore. On …

[SINGAPORE] Mainboard-listed China electric vehicle (EV) manufacturer Nio has made its South-east Asia debut with the appointment of Wearnes Automotive as its distributor in Singapore. On Monday (Aug 18), Nio …

[MONTREAL] Air Canada’s fleet of hundreds of planes remained grounded on Monday (Aug 18) morning after striking flight attendants refused a government-backed order to get back to work and called …

[HONG KONG] State-owned Chinese automaker Dongfeng Motor is selling its 50 per cent stake in a joint venture with Honda Motor, in a reflection of the country’s rapid shift away …

[SYDNEY] Qantas Airways, Australia’s largest airline, has been fined A$90 million (S$75.2 million) for illegally sacking 1,800 ground staff and replacing them with contractors during the Covid-19 pandemic, a court …

[HONG KONG] Zhejiang Leapmotor Technology, once a fringe player in China’s electric-vehicle (EV) industry, is beating all its startup rivals by sales and stock gains this year and analysts say …

[SAO PAULO] Chinese automaker Great Wall Motor (GWM) may have just opened its first factory in Brazil, but is already scoping out sites for a second plant as it ramps …

[TOKYO] Nissan Motor’s Oppama factory, opened in 1961, was once a crown jewel in Japan’s postwar rise to manufacturing powerhouse. Today, it represents the dangers of being caught flatfooted in …

[BANGKOK] Thai Airways International is turning to Airbus jets to fill gaps in its fleet-renewal plans and tap Asia-Pacific’s travel boom, as Boeing delivery delays – first sparked by the …

[MONTREAL] Air Canada’s unionised flight attendants walked off the job early on Saturday (Aug 16) morning after contract talks with the country’s largest carrier stalled, in a move that could …

[Toronto] Air Canada’s flight attendants were poised to strike on Saturday (Aug 16) as the carrier cancelled hundreds of flights affecting more than 100,000 passengers ahead of a threatened work …

[SINGAPORE] Asia-Pacific’s largest physical jet fuel buyer China Aviation Oil (CAO) posted a net profit of US$50 million for the first half of its financial year ended Jun 30. This …

[HONG KONG] CK Hutchison said on Thursday (Aug 14) its US$22.8 billion ports business sale had a “reasonable chance” of going through after a plan to add a Chinese major …

[HANOI] Vietnamese electric vehicle maker VinFast Auto announced plans to spinoff part of its research and development unit into a newly formed company, which will then be sold to the …

[SINGAPORE] Indonesia’s Internet champion GoTo Group is getting closer to sustainable profitability, with its finance chief predicting net income in the not-too-distant future as cost cuts and new business initiatives …

[SINGAPORE] A new scheme to boost KrisFlyer redemption on budget airline Scoot would deliver benefits across the Singapore Airlines (SIA) group, industry observers say. Linus Benjamin Bauer, founder and managing …

[SINGAPORE] A new airline-miles redemption scheme on budget airline Scoot for members of KrisFlyer, the loyalty programme for Singapore Airlines, is a move that will deliver benefits across the Singapore …

[HONG KONG] CK Hutchison posted a 11 per cent rise in first-half underlying profit on Thursday (Aug 14), as investors look for comments on the status of the Hong Kong …

[SINGAPORE] Asia-Pacific’s largest physical jet fuel buyer China Aviation Oil (CAO) posted a net profit of US$50 million for the first half of its financial year ended Jun 30. This …

[HONG KONG] Geely Automobile Holdings’ first-half profit beat estimates as sales soared and the carmaker sought to reduce costs, even as the wider Chinese auto industry faces regulatory scrutiny over …

[SINGAPORE] Indonesia’s GoTo Group notched a fourth consecutive quarter of adjusted profit, making progress with reining in expenses and boosting revenue amid stiff competition in ride-hailing and delivery. Adjusted earnings …

BOEING defence industry workers currently on strike asked for congressional lawmakers’ support on Wednesday as they seek to pressure the aviation giant to improve its bargaining offer to the union. …

[SINGAPORE] Indonesia’s GoTo Group notched a fourth consecutive quarter of adjusted profit, making progress with reining in expenses and boosting revenue amid stiff competition in ride-hailing and delivery. Adjusted earnings …

[OTTAWA] The Canadian Union of Public Employees, representing more than 10,000 Air Canada cabin crew, on Wednesday (Aug 13) gave the airline a 72-hour deadline to reach a pay deal …

[NEW DELHI] Maruti Suzuki India is set to expand its sports utility vehicle (SUV) portfolio with a second mid-sized model, sources familiar with the plan said, as the nation’s top …

GLOBAL electric vehicle sales grew 21 per cent year-on-year in July, the slowest rate since January and down from 25 per cent in June, as momentum in plug-in hybrid sales …

[HONG KONG] Pony AI said that it was confident it would meet its 2025 robotaxi vehicle output target, while acknowledging it will still take time to commercialise the industry. Over …

[NEW YORK] The Panama Canal is planning to enter the ports business with a tender for two terminals, a move that comes amid a high-profile clash between the US and …

[NEW DELHI] India and China are set to resume direct flight connections as soon as next month, people familiar with the negotiations said, as the world’s two most populous countries …

[SINGAPORE] Hong Leong Asia posted a 13.1 per cent rise in net profit to S$56 million for the first half of its financial year ended Jun 30, 2025, from S$49.5 …

[WASHINGTON] Spirit Airlines warned investors it may not survive as a going concern if it cannot raise cash quickly enough to satisfy creditors. The warning came in its latest shareholder …

[KUALA LUMPUR] Pham Nhat Vuong spent billions of US dollars on an unsuccessful push to turn his upstart electric automaker into a major player in the US and Europe. Now, …

[SINGAPORE] Electric car sharing firm BlueSG announced a pause of its current operations last Monday (Aug 4) and laid off most of its staff. Yet, the company is set to …

[COPENHAGEN] Shorting the stock of the world’s largest listed shipping company during a global trade war may seem like a sure bet. But the investors who’ve loaded up on the …

[SINGAPORE] Electric car sharing firm BlueSG announced a pause of its current operations last Monday (Aug 4) and laid off most of its staff. Yet, the company is set to …

[WASHINGTON, DC] The US Federal Aviation Administration (FAA) proposed extending flight reductions at Newark Liberty International Airport through October 2026, while also slightly raising the current limit. The regulator sought …

[SINGAPORE] Sri Trang Agro-Industry swung to a net loss of 786.8 million baht (S$31.3 million) for the second quarter ended June, from earnings of 628.4 million baht in the year-ago …

[SEATTLE] One year after taking the helm during Boeing’s deepest crisis in decades, CEO Kelly Ortberg has stopped the company’s freefall. Now, he faces new challenges: ramping up jet production, …

[SHANGHAI] China’s car sales growth slowed in July partly due to weaker demand for hybrids, as regulators in the world’s biggest auto market crack down on a price war that …

[BANGKOK] Thai Airways International’s shares climbed to the highest level in almost eight years after the state-controlled airline reported that net income for the second quarter soared nearly 39-fold from …

[WASHINGTON] General Motors (GM) plans to purchase electric-vehicle (EV) batteries from China to power its upcoming entry-level EV until it can procure US-made batteries through its partnership with South Korea’s …

[SAN FRANCISCO] Tesla is disbanding its Dojo supercomputer team and its leader will depart the company, according to sources familiar with the matter, upending the automaker’s effort to develop in-house …

[TOKYO]Toyota Motor lowered its annual guidance as it warned of a 1.4 trillion yen (S$12 billion) hit to its bottomline from US tariffs that have rattled the global automotive industry. …

[BANGKOK] VietJet Aviation plans to employ more than 5,000 new staff in Thailand as Vietnam’s biggest budget carrier accelerates flight and route expansion to South-east Asia’s most popular travel destination. …

[NEW YORK] Lyft shares slid in late on Wednesday (Aug 6) trading after the ride-hailing company reported revenue that fell short of Wall Street’s expectations, stoking concerns about its efforts …

[SEOUL] Hyundai Motor and General Motors (GM) plan to jointly develop five vehicles that will hit the market in 2028, including an electric van for North America, as the two …

[HONG KONG] Cathay Pacific Airways warned on Wednesday (Aug 6) of declining airfares, challenges at its budget carrier and uncertain cargo market conditions, sending its shares down almost 10 per …