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…
Port of Oakland statement regarding truckers protests over AB5
Trucker protests that started Monday over the implementation of AB5 have effectively shut down operations at shipping terminals at the Port of Oakland. The shutdown…
China’s top chipmaker achieves breakthrough despite US curbs
Semiconductor Manufacturing International Corp. has likely advanced its production technology by two generations, defying US sanctions intended to halt the rise of China’s largest chipmaker.
Union Pacific’s margins slip on higher costs, network snags
Union Pacific Corp.’s quarterly operating profit margins fell from a year earlier amid higher costs and network congestion that caused carloads to drop.
American Air, rivals limit flying as disruptions hinder recovery
American Airlines Group Inc. joined its main rivals in limiting flying this quarter and for 2022 as the industry grapples with a rash of costly…
French shipping billionaire slams lawmakers’ windfall tax plan
The billionaire head of shipping giant CMA CGM SA pushed back against a plan by some French lawmakers for a windfall tax on excessive corporate…
Lufthansa pilots’ union to hold a vote on possible strike
Deutsche Lufthansa AG’s pilots’ union is holding a vote on whether to strike, a move that would further disrupt the airline’s crucial summer travel season.
Korea early exports hold up on chip sales despite China lockdown
South Korea’s early trade data showed exports remained resilient in the face of risks to global economic growth and China’s Covid lockdowns that are disrupting…
US banks keep financing trade of Russian crops as EU peers balk
Banks in the US and Middle East continue to do what self-sanctioning is stopping their European counterparts from doing: Financing the trade of crucial Russian…
Japan logs trade deficit for 11th month on energy, weak yen
Japan logged a trade deficit for the 11th consecutive month in June, as higher energy prices and a weaker yen continued to inflate the nation’s…
Get the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
