Southwest Air Sees ‘Brutal Low-Fare’ Pressure in Virus Aftermath
Southwest Airlines Co. CEO Gary Kelly predicted that intense competition for passengers will create “a brutal low-fare environment” among carriers once coronavirus fears subside and…
Airlines Leave $29 Billion Aid Fund Untapped in Bet on Rebound
U.S. airlines have yet to tap $29 billion in federal pandemic relief loans as they wait to see whether the reopening of the economy revives…
Europe Issues Gloomier Projections of Its Trade Slump With World
The European Union said its trade with the rest of the world would slump this year by as much as 868 billion euros ($963 billion),…
The recent decline in light-duty vehicle sales has affected cars more than light trucks
The seasonally adjusted annual rate (SAAR) of light-duty vehicle sales in April is the lowest in the U.S. Bureau of Economic Analysis data series that…
Brazil’s largest rail-based logistics operator set to use mobile satellite connectivity to increase delivery speed
Globalsat Group, through its Brazilian affiliate Globalsat do Brasil, has signed a multi-year contract with Rumo SA, the largest transport and logistics company in Latin…
Hapag-Lloyd: CN Rail Dangerous Goods Surcharge on Tanks
Hapag-Lloyd announced that Canadian National Railway (CNR) has implemented a Dangerous Goods Surcharge on tank containers effective May 1, 2020.
Among oil majors promising renewable investments, only one is putting serious money on the table
Investments in solar and wind energy projects by the world’s oil majors over the next five years are expected to reach $17.5 billion, a Rystad…
Norden expands Asian presence
Following the continued growth of Norden’s dry cargo activities, the company today announces the opening of an office in Dubai, effective 1 August 2020.
Finnlines is an integral part of Finland’s security of supply
For more than 70 years, Finnlines has played an essential role in integrating Finland with the rest of the Europe and Russia and increasing the…
Ireland’s Port of Cork announces new direct service to USA
The Port of Cork is delighted to announce the start of a new weekly direct service to Penn Terminal in Pennsylvania and the Port of…
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