[Freightos Weekly Update] Ocean increases spreading to non-Red Sea lanes as capacity tightens
Key insights from this week's international freight update: 1. Ocean rates spiked across ex-Asia lanes as Houthi attacks continue and Red Sea diversions push up…
Houthis launch barrage of missiles, drones in new Red Sea attack
Houthi rebels in Yemen carried out one of their largest missile and drone attacks to date on commercial shipping lanes in the Red Sea late…
China’s Geely trims Volvo stake, says it will remain long-term investor
Volvo AB’s second-largest shareholder Geely confirmed it lowered its stake in the company by redeeming bondholders with the truckmaker’s shares over the past months.
ProvisionAI adds Scheckman as Chief Revenue Officer
Experienced leader builds and manages high-performance sales teams that drive significant revenue growth
What plane am I booked on? Boeing blowout puts flyers on edge
Hotel: check. Rental car: check. Plane tickets? Hold on... which aircraft am I on?
Sainsbury working with UK Government on Red Sea shipping delays
J Sainsbury Plc is working closely with the UK government to attempt to cope with shipping delays due to unrest in the Red Sea.
Hyundai debuts air taxi ahead of test flights later this year
Hyundai Motor Group aims to begin initial test flights of its electric air taxi by the end of the year as the world’s third-largest carmaker…
Russia’s oil drilling boom proves Moscow’s resilience to Western sanctions
Russia was on pace for a second year of record oil drilling in 2023, further evidence of the nation’s resilience to Western sanctions.
Statement on the Department of Labor’s final rule to force reclassification of independent drivers
Despite broad opposition across critical industries, including the intermodal transportation industry, the Department of Labor today issued a final rule establishing restrictive regulations for worker…
Deutsche Bahn loses court bid to stop train-drivers’ strike
A Frankfurt labor appeals court rejected a request by German railway operator Deutsche Bahn AG to prevent a strike by a small but influential train-drivers’…
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