The Federal Aviation Administration has issued a preliminary fine of $2.9 million against Aeromicronesia Inc., a cargo airline based in Guam that does business as Asia Pacific Airlines, for safety violations related to pilot training and equipment. Asia Pacific Airlines provides scheduled and ad hoc charter service between Guam, the Marshall Islands, Micronesia, the Northern…
Shortly after announcing its $17 million raise in March, Gather AI, an inventory management solutions provider that uses drone technology, launched two new offerings on Tuesday to elevate its ability to help warehouse operators find underutilized space. The initial solution, location occupancy, harnesses computer vision data collected by Gather AI drones. It accurately gauges available…
Management from logistics real estate investment trust Prologis said Wednesday that uncertainty around the timing of interest rate cuts has slowed leasing demand in the near term but that its favorable longer-term outlook remains unchanged. Prologis (NYSE: PLD) reported first-quarter core funds from operations (FFO) of $1.28 per share, in line with the consensus estimate….
On Episode 707 of WHAT THE TRUCK?!?, Dooner is talking to Dominick Angelo Tullo of T&R Oil Co. about fuel fraud, scams and skimming. Tullo has firsthand experience with all the black hat tricks of the trade and shares a story about a scam that cost his company a few thousand gallons of fuel. It’s…
United Airlines, buoyed by a significant recovery in market conditions, delivered surprisingly strong cargo results in the first quarter that likely will be the benchmark for comparing the performance of other airlines. United (NASDAQ: UAL) reported after Tuesday’s market close that sales for freight and mail were $391 million, a notably small dip of 1.8%…