China Cargo Airlines postpones start of first Miami service

China Cargo Airlines has postponed until April plans to launch scheduled freighter service to Miami, which will make it the first Chinese carrier to operate between the city and mainland China. Worldwide Flight Services had announced in December that the all-cargo airline would begin three weekly flights this month, utilizing Boeing 777s, from its base…

Port of New Orleans gets $226M for international container terminal

Efforts to build an international container terminal at the Port of New Orleans capable of handling ultralarge container vessels got a boost Monday from the federal government. The port announced it was awarded an additional $226.2 million grant to assist in constructing the $1.8 billion Louisiana International Terminal (LIT), a project that aims to position…

Paccar Q4 record sales, profit records overwhelm analyst estimates

Truck maker Paccar Inc. reported record fourth-quarter revenue and net profits, racing past analyst estimates and posting its 85th consecutive year of reporting net profit. The Bellevue, Washington-based parent of Kenworth, Peterbilt and DAF Trucks reported record consolidated revenues of $9.08 billion and record net income of $1.42 billion, or $2.70 per fully diluted share,…