Libya to restart oil exports at a third port as war abates
Libya’s state oil company reopened another port, the third to resume operation in less than a week, as a political truce takes hold in the…
State airline bailout raises hackles at South African treasury
South African National Treasury officials are reluctantly complying with orders to find funds to bail out the state airline, fearing they may erode the nation’s…
BNP shuts Swiss commodity trade finance team amid frauds
BNP Paribas SA is shutting its Swiss commodity trade finance business, exiting a sector it once dominated and which was hit by massive fraud.
Russia’s dominance of the wheat world keeps growing
Russia looks set to cement its place as the dominant force in the wheat world.
VW’s Traton takes stake in Navistar partner amid takeover talks
Volkswagen AG’s Traton is partnering with a self-driving startup that recently aligned with Navistar International Corp., the U.S. manufacturer that VW’s truck unit is trying…
Huawei has sufficient inventory of communications equipment
Huawei Technologies Co., the telecom giant at the center of U.S.-China tensions, said it has “sufficient” inventory for its communications equipment business while it seeks…
Port of Corpus Christi returns to normal readiness post-Tropical Storm Beta
The Port of Corpus Christi has returned its Hurricane Readiness Status to Port Condition 5 (normal seasonal readiness), in accordance with its 2020 Hurricane Readiness…
Trucking praises DOL proposal clarifying status of independent contractors
The American Trucking Associations praised a proposed rule from the U.S. Department of Labor that would clarify the definition of employee under the Fair Labor…
ATA Truck Tonnage Index Fell 5.6% in August
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 5.6% in August after declining 1.4% in July. In August, the index equaled…
CMA CGM FAK rate from Asia to North Africa
CMA CGM Freight All Kinds (FAK) rates as follows as from October 1st, 2020 (date of loading in the origin ports in Asia) and until…
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