Francine strengthens to hurricane as it barrels to Louisiana
Francine strengthened into a hurricane and is expected to make landfall in Louisiana Wednesday after causing some offshore oil platforms to be shuttered, but it…
Surge of imports to US continues as possible East Coast port strike looms
Imports of U.S. container cargo in August jumped 12.9% from a year ago as a summer volume surge delayed cargo at major ports and anxiety…
Oil drops on demand outlook, Brent trades below $70, near 3-year low
Global oil benchmark Brent crude futures fell below $70 a barrel on Tuesday for the first time since December 2021, after OPEC+ revised down its…
Southwest Chairman Kelly to retire, under pressure from activist Elliott
Southwest Airlines on Tuesday announced changes to its board including the retirement of Chairman Gary Kelly, but reiterated its support for CEO Bob Jordan despite…
ASML needs licence to service some equipment in China, Dutch government says
The Dutch government on Tuesday clarified that ASML needs a licence to provide spare parts and software updates for computer chipmaking equipment it has previously…
Airbus CEO upbeat on new engine technology, but says jury still out
The head of European planemaker Airbus said novel open-rotor technology being tested by engine maker CFM International offers promising efficiencies and reductions in emissions but…
FAA investigating Delta airplane that struck tail of regional jet
Delta Air Lines said on Tuesday the wing of one of its planes struck a regional jet while taxiing for departure at Atlanta airport, damaging…
US Gulf Coast residents flee, oil production shut as Francine intensifies
Tropical Storm Francine was intensifying and on track to become a hurricane on Tuesday, the U.S. National Hurricane Center said, prompting Louisiana residents to flee…
Boeing must be ‘in the green’ before 737 Max cap is lifted, FAA head says
Boeing Co.’s quality control monitors must turn solidly green before US aviation safety regulators will be convinced the planemaker can support higher production rates and…
ITS Logistics September Port Rail Ramp Index: Potential ILA strike on East and Gulf Coasts fuel peak season uncertainty
Peak season comes to an end as demand and rates for transpacific freight from Asia begin to normalize
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