India may allow more sugar exports to prevent defaults
India may allow sugar mills to export more than previously permitted to help them prevent defaults on contracts, according to people familiar with the matter.
Russia resumes Nord Stream gas flow, bringing Europe respite
Russia began sending natural gas to Europe through the Nord Stream pipeline system after a pause, bringing relief to a continent whose economy is starting…
China’s top steel mill adds its voice to industry’s alarm
The world’s top steelmaker has added its voice to the growing sense of alarm among China’s mills over crisis conditions in the industry due to…
CSX Corp. announces second quarter EPS of $0.54
CSX Corp. today announced second quarter 2022 net earnings of $1,178 million, or $0.54 per share, compared to $1,173 million, or $0.52 per share in…
Norfolk Southern increases conductor trainee pay to $25 an hour; adds biweekly $300 incentive
Trainees eligible for starting bonuses of up to $5,000 in priority locations
Qantas flight cancellations spiral, piling pressure on CEO Joyce
Qantas Airways Ltd. canceled one in 12 flights in Australia last month, even more than in May, increasing the pressure on Chief Executive Officer Alan…
US Department of Energy announces $96 million for advancing clean vehicle technologies to reduce carbon emissions
The U.S. Department of Energy (DOE) today announced a $96 million funding opportunity to support decarbonizing the domestic transportation sector. The funding will focus on…
[Freightos Weekly Update] Rates still in a lull, as new labor issues intensify.
Key insights: 1 China - US West Coast prices dropped 4% this week as falling ocean rates, climbing inventories and inflation suggest a slow-down in…
United Air cuts 2023 growth plans as flight disruptions persist
United Airlines Holdings Inc. is limiting flying for the rest of this year and curtailing growth plans in 2023 to try to get a handle…
California port closes gates for third day amid protests
California’s third-busiest port shut down some of its gates and marine terminals for a third day Wednesday as truckers protesting a gig-work law that could…
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