India’s crude oil imports increase by 8% in February, reaches two-decade peak
Rising crude demand and a strong Indian economy augur well for increased refinery runs and imports, as well as cheaper Russian crude, according to Refinitiv…
WorldACD Weekly Air Cargo Trends (week 11)
Global tonnages and average rates both stabilize
Wilson Sons’ profit soars 51% in 2022 to R$339 million.
Wilson Sons, the leader in port and maritime logistics in Brazil, posted a net profit of R$113 million in the fourth quarter of 2022, 169%…
S&P Global: Carvana Co. downgraded to “CC” on proposed distressed debt exchange; outlook negative
We view the proposed exchange offer as distressed and tantamount to default.
New era in railroading is focus for annual meeting of North American Rail Shippers May 24–26 in Chicago
The North American Rail Shippers Association (NARS) will host its annual meeting May 24–26, 2023 in Chicago.
France asks airlines to extend flight cuts through Monday
French authorities have asked airlines to continue cutting flights through Monday amid strikes over a retirement reform law.
Italy Wants Europe to Spend Like the US and China on Green Tech
The European Union must match its green technology ambitions with adequate funding or it will continue slipping behind the US and China in global competitiveness,…
New York City’s ‘Train Daddy’ Andy Byford Is Joining Amtrak
Former New York City Transit President Andy Byford, nicknamed “Train Daddy,” will join Amtrak in April as an executive vice president, according to an internal…
Green revolution taps copper and aluminum
Will there be enough copper and aluminum for all that construction? And what’s going to happen to prices?
Made-in-US rules for EV batteries shift in fine print of climate law
The Treasury Department’s interpretation of a few key words could allow more components to be made overseas.
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