By Ankur Banerjee and Sagarika Jaisinghani
(Reuters) – Two years after it began flying tourists over the Grand Canyon, Air Methods Corp is looking to expand its U.S. travel business as a lucrative sideline to its air ambulance services.
It might seem an unorthodox use of the company’s 400-strong helicopter fleet. Chief Executive Aaron Todd, however, expects tourism to be a significant driver of revenue for Air Methods as U.S. consumer confidence returns.
(Reuters) – XPO Logistics Inc (XPO.N: Quote, Profile, Research, Stock Buzz) is looking to expand its business that assembles goods in warehouses before delivery to become a one-stop shop in transportation logistics, its chief executive told Reuters.
“Contract logistics is an important part of our future and some of the acquisitions that we’re looking at are in contract logistics,” CEO Bradley Jacobs said in an interview.