Air Freight News
Nikola says electric-truck deliveries to fall short of plans
Nikola Corp. said deliveries of its battery-electric trucks will fall short of expectations due to worsening economic conditions, dragging down shares even as quarterly sales…
Pakistan trade gap at lowest in two years but not for long
Pakistan’s trade deficit has dropped to its lowest point in almost two years, though analysts expect that the gap will soon widen.
Nikola posts earnings beat, skips electric-truck forecast
Nikola Corp. posted quarterly sales above expectations as production of its battery-electric trucks ramped up, but didn’t provide updated guidance on its previous goal of…
China set for oil influx just as Covid measures hit demand
China looks set to receive an influx of seaborne crude oil in the coming weeks as cargoes bought before its latest Covid shutdowns head for…
Rising energy, farm exports drive Canada’s trade surplus wider
Canada’s merchandise trade surplus unexpectedly widened in September as exports of wheat and crude oil rebounded.
Oil options traders build a huge position on higher prices
In the oil options market, bets on higher prices are eclipsing bearish ones at a record pace, as traders brace for sanctions on Russian shipments.
Australia’s trade surplus swells on surging ore, energy exports
Australia’s trade surplus swelled in September on a jump in exports, driven by higher prices for iron ore, metals and energy.
Boeing is making a comeback with $10 billion in cash by mid 2020s, CEO says
Boeing Co. shares jumped after Chief Executive Officer Dave Calhoun said the planemaker could generate $10 billion in cash annually by mid-decade, once it turns…
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Biden warns oil firms he’ll seek tax on ‘windfall’ profits
President Joe Biden said he’d seek to impose higher taxes on oil companies that record “windfall” profits without reinvesting in production, with US gasoline prices…
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SSA Marine converts diesel-powered cranes to electric at the Port of Long Beach
SSA Marine has completed a multi-year project to convert 9 ZPMC diesel-electric 1,000 hp rubber-tired gantry cranes (RTGs) to 100% grid-tied electric. This is the…