Latest news with #Nocella
Skift
7 days ago
- Business
- Skift
‘Uncertainty Has Declined': United Sees Demand Rebound
After seeing softening demand for the first half of the year, United executives now believe that the economy is stabilizing, leading to higher demand. After lowering its 2025 profit forecast, United Airlines executives were optimistic that the rest of the year would fare much better. United revised its profit forecast to fall between $9 to $11 earnings per share. During the first quarter, United released a dual forecast to account for some of the economic uncertainty that had hit the industry: $7 to $9 earnings per share in a recessionary environment, and $11.50 to $13.50 earnings per share in a stable environment. However, United chief commercial officer Andrew Nocella said he believed that the carrier's current forecast was 'maybe even conservative.' 'I just think from where we are standing today, we're really pleased by that change in direction bookend combined with le
Yahoo
22-05-2025
- Business
- Yahoo
US-Based Chinese Logistics Firms Caught Using Counterfeit USPS Labels
Two Chinese logistics firms based in New York and California have been barred from using the U.S. Postal Service (USPS) over allegations that they perpetuated a years-long counterfeit postage scheme. On May 15, the U.S. filed a civil complaint in a Brooklyn federal court alleging that YDH Express, Inc. and YDH Int'l Inc., which are based in Queens, N.Y. and Los Angeles, Calif., along with their owner, Yizhao 'Harvey' Hou, conspired and committed mail fraud by shipping thousands of parcels hailing from China using their own fake USPS postage labels. More from Sourcing Journal Trans-Pacific Freight Rates Soar as China Cargo Bookings Rebound Temu Re-Ups Direct-from-China Shipments Amidst Tariff Pause Trump Administration Slashes De Minimis Duties as Trade War Cools Joseph Nocella, Jr., a United States Attorney for the Eastern District of New York, and Edward Gallashaw, Acting Inspector in Charge for the U.S. Postal Inspection Service (USPIS), announced Wednesday that a temporary restraining order will bar both firms from utilizing the postal service. According to a statement from the U.S. Attorney's Office, the companies would regularly receive packages from their customers in China and send them to customers through USPS. The U.S. complaint seeks injunctive relief under the Anti-Fraud Injunction Act, and it also seeks to provide relief to USPS, which suffered financial losses due to the long-running illegal operation. One day after the suit was filed, U.S. District Court Judge Natasha C. Merle served the defendants with a temporary restraining order. 'The Postal Service provides essential services to Americans, and we will not tolerate attempts by unscrupulous overseas businesses using fake postage to unlawfully deprive USPS of revenue it is entitled to,' Nocella said this week. 'My Office is working diligently with our partners at the United States Postal Inspection Service to stop this ongoing fraud against the Postal Service.' Nocella said the USPIS and Customs and Border Protection (CBP) rooted out the fraudulent activity. Gallashaw said that 'Hou allegedly cared only about making a profit at the expense of the USPS.' The government agencies worked together to identify him and unearth the bogus postage operation. 'Postal Inspectors will use all of our resources to put an end to the use of counterfeit postage and hold accountable all who seek to defraud the USPS. We will fulfill our mission to strengthen the American public's trust in the U.S. Mail,' he added. The complaint detailed a scam wherein the defendants conspired to ship—and did send—thousands of parcels that bore fake USPS labels, which they received from their customers located in China. They are charged with mail fraud and conspiracy to commit mail fraud, along with violations of the False Claims Act (FCA), which will allow the government to pursue 'treble damages and penalties' or three times the monetary damage caused by the firms through the scheme. The temporary restraining order said that there is 'probable cause to believe that defendants are still engaged in the ongoing commission of mail fraud, and are still engaged in the ongoing conspiracy to commit mail fraud,' and that without an order barring the defendants from usting the postal service, USPS would suffer 'irreparable harm.'
CNBC
13-05-2025
- Business
- CNBC
United Airlines exec says it may not get Boeing 737 MAX 10s until 2027 or '28
United Airlines may not take delivery of the Boeing 737 MAX 10 until 2027 or 2028 because of uncertainty about when the plane will be approved for use, an executive for the carrier said Tuesday. Boeing has faced significant delays in getting the smaller MAX 7 certified, which must happen before the U.S. Federal Aviation Administration can then certify the larger MAX 10. United Chief Commercial Officer Andrew Nocella told reporters on the sidelines of an event that the airline is taking MAX 9 airplanes as it waits for the certification of the 10. "In supply chain terms, we want to make sure we get our aircraft so we've committed to the MAX 9," Nocella said. "Until we know the MAX 10 is going to be delivered, we don't want to have an aircraft that doesn't arrive." Nocella said United may not achieve its earlier goal of being one of the first delivery customers for the MAX 10. "We want to see the aircraft certified before we make the firm commitment to convert our 9s to 10s." Boeing did not immediately comment. In 2017, United made a major order of the MAX 10, which is larger and can carry more passengers. The 737 is Boeing's top-selling airliner. The FAA has currently capped production of the MAX at 38 planes per month after a 2024 mid-air emergency. The FAA must approve an engine de-icing fix for the MAX 7 before it can certify the plane after Boeing in January 2024 withdrew a waiver request. Alaska Airlines told Reuters last year it did not expect to receive 737 MAX 10 airplanes until at least mid-2026. Nocella said there is no end in sight to supply chain issues on engines and other parts. The new 787-9 with updated interior "should have been announced six months ago" but for supply chain problems, he said, adding: "I don't have a crystal ball, I can't tell you when it's going to be fixed."
Yahoo
13-05-2025
- Business
- Yahoo
United Airlines exec says it may not get Boeing 737 MAX 10s until 2027 or '28
By David Shepardson NEW YORK (Reuters) -United Airlines may not take delivery of the Boeing 737 MAX 10 until 2027 or 2028 because of uncertainty about when the plane will be approved for use, an executive for the carrier said Tuesday. Boeing has faced significant delays in getting the smaller MAX 7 certified, which must happen before the U.S. Federal Aviation Administration can then certify the larger MAX 10. United Chief Commercial Officer Andrew Nocella told reporters on the sidelines of an event that the airline is taking MAX 9 airplanes as it waits for the certification of the 10. "In supply chain terms, we want to make sure we get our aircraft so we've committed to the MAX 9," Nocella said. "Until we know the MAX 10 is going to be delivered, we don't want to have an aircraft that doesn't arrive." Nocella said United may not achieve its earlier goal of being one of the first delivery customers for the MAX 10. "We want to see the aircraft certified before we make the firm commitment to convert our 9s to 10s." Boeing did not immediately comment. In 2017, United made a major order of the MAX 10, which is larger and can carry more passengers. The 737 is Boeing's top-selling airliner. The FAA has currently capped production of the MAX at 38 planes per month after a 2024 mid-air emergency. The FAA must approve an engine de-icing fix for the MAX 7 before it can certify the plane after Boeing in January 2024 withdrew a waiver request. Alaska Airlines told Reuters last year it did not expect to receive 737 MAX 10 airplanes until at least mid-2026. Nocella said there is no end in sight to supply chain issues on engines and other parts. The new 787-9 with updated interior "should have been announced six months ago" but for supply chain problems, he said, adding: "I don't have a crystal ball, I can't tell you when it's going to be fixed." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
United Airlines exec says it may not get Boeing 737 MAX 10s until 2027 or '28
By David Shepardson NEW YORK (Reuters) -United Airlines may not take delivery of the Boeing 737 MAX 10 until 2027 or 2028 because of uncertainty about when the plane will be approved for use, an executive for the carrier said Tuesday. Boeing has faced significant delays in getting the smaller MAX 7 certified, which must happen before the U.S. Federal Aviation Administration can then certify the larger MAX 10. United Chief Commercial Officer Andrew Nocella told reporters on the sidelines of an event that the airline is taking MAX 9 airplanes as it waits for the certification of the 10. "In supply chain terms, we want to make sure we get our aircraft so we've committed to the MAX 9," Nocella said. "Until we know the MAX 10 is going to be delivered, we don't want to have an aircraft that doesn't arrive." Nocella said United may not achieve its earlier goal of being one of the first delivery customers for the MAX 10. "We want to see the aircraft certified before we make the firm commitment to convert our 9s to 10s." Boeing did not immediately comment. In 2017, United made a major order of the MAX 10, which is larger and can carry more passengers. The 737 is Boeing's top-selling airliner. The FAA has currently capped production of the MAX at 38 planes per month after a 2024 mid-air emergency. The FAA must approve an engine de-icing fix for the MAX 7 before it can certify the plane after Boeing in January 2024 withdrew a waiver request. Alaska Airlines told Reuters last year it did not expect to receive 737 MAX 10 airplanes until at least mid-2026. Nocella said there is no end in sight to supply chain issues on engines and other parts. The new 787-9 with updated interior "should have been announced six months ago" but for supply chain problems, he said, adding: "I don't have a crystal ball, I can't tell you when it's going to be fixed." Sign in to access your portfolio
