Do railroad takeovers only happen in crises?
Warren Buffett seized the opportunity to buy Burlington Northern during the financial crisis. Now private equity is eyeing Kansas City Southern during a pandemic.
Volkswagen renews commitment to Jacksonville
Volkswagen Group of America (VWGoA) and JAXPORT partner AMPORTS have reached an agreement to keep VWGoA’s import facility and Southeastern distribution center in Jacksonville. VWGoA’s…
Virgin Atlantic seeks rescue approval as cash running out
Richard Branson’s Virgin Atlantic Airways Ltd. told a London court that it will run out of cash next month unless it secures approval for a…
YRC Worldwide reports second quarter 2020 results
YRC Worldwide Inc. reported results for the second quarter ended June 30, 2020. Operating revenue was $1.015 billion and operating loss was $4.6 million, which…
Libya’s oil exports set to dwindle as ports blockade persists
Libya plans to export just 1.2 million barrels in August, down almost 40% from July, as most of the OPEC member’s oil facilities remain shut…
Boeing 737 Max’s Europe flight test still on hold as FAA moves ahead
Travel restrictions brought on by the Covid-19 pandemic continue to slow the re-certification process for Boeing Co.’s 737 Max in Europe, even after U.S. aviation…
UK to use no-deal Brexit border plan, fearing traffic chaos
The U.K. intends to adopt its full no-deal Brexit border plan to avoid traffic chaos when it completes its split from the EU in 2021,…
Clock is ticking for Garuda with cash pile thinning fast
Indonesia’s flag carrier needs cash fast as losses soar past a half-billion dollars and unpaid bills pile up, yet negotiations for government aid move slowly…
Another regional airline falls to the Covid-19 recession
ExpressJet’s CEO says the hub-and-spoke carrier model still has a future, even if his airline doesn’t.
The world’s one-time pharmacy now has a globalization headache
Once known as the pharmacy to the world, Germany now has its work cut out to supply enough medicines to its own citizens.
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