Air Freight News
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Oil gains 3% after OPEC+ delays output hike, US election in focus
Oil prices rose about 3% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while the market braced…
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Stonepeak nears $3.1 billion deal for aircraft lessor ATSG, sources say
Stonepeak is in advanced talks to acquire Air Transport Services Group, a provider of aircraft leasing and cargo transportation services, for about $3.1 billion including…
Boeing Co. ratings affirmed on greater-than-expected equity issuance; remains on CreditWatch
The $24.3 billion proceeds allow the company to maintain a cash balance above its $10 billion target despite an expected $14 billion outflow in 2024,…
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Local 514 Bargaining Update
Please be advised that in response to ILWU Local 514’s second industry-wide strike notice set to commence on Monday, November 4 at or about 08:00…
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ANA awarded 2024 APEX World Class Airline
All Nippon Airways (ANA), achieved its first 2024 APEX World Class award. This prestigious award, presented by North America-based APEX, one of the world's largest…
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Port Authority, Durst Organization marks 10th Anniversary of opening of One World Trade Center
The Port Authority of New York and New Jersey and The Durst Organization today marked the 10th anniversary of the opening of One World Trade…
CBP issues ‘Withhold Release Order’ against Asli Maydi
U.S. Customs and Border Protection issued a withhold release order (WRO) against Asli Maydi, a frankincense supplier based in Somaliland, based on information that reasonably…
PS International Group Ltd. receives Nasdaq notification letter regarding minimum bid price deficiency
PS International Group Ltd. (NASDAQ: PSIG) (“PSIG” or the “Company”), a long-established global logistics service provider headquartered in Hong Kong specialized in cross-border air freight…
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Port of Oakland receives about 100 Howard Property RFQ inquiries
The Port of Oakland received about 100 development-related inquiries regarding its Request for Qualifications (RFQ) that seeks a developer for its 50-acre Howard Property.
Japan cuts growth forecast again for current fiscal year on weak exports
Japan's government on Friday lowered its GDP growth forecast for the current fiscal year as weaker exports drag on a fragile economic recovery.