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YRC Worldwide expects to receive $700 million CARES Act loan from US Treasury
YRC Worldwide Inc., the nation’s second largest less-than-truckload (LTL) shipping company, today announced that the United States Department of the Treasury (“UST”) intends to provide…
CEOs raise no-deal alarm as UK passes ‘point of no return’
Some 110 business leaders have warned U.K. Prime Minister Boris Johnson of dire consequences if he fails to sign a trade deal with the European…
Boeing withheld data on system linked to Max crashes, probe says
Boeing Co. provided only “limited information” on the flight-control software implicated in two fatal crashes on the 737 Max as it was being approved by…
United Air boosts August US flying to about half of 2019 level
United Airlines Holdings Inc. will boost its domestic schedule for August to 48% of last year’s level, up from 30% in July, in another sign…
Things are terrible at Airbus, but at least it’s not Boeing
Instead of attacking the aircraft maker, Europe’s governments should be grateful that its finances were in decent shape before Covid-19 appeared.
Airbus chief warns 15,000 job cuts ‘not the worst case’ scenario
Airbus SE Chief Executive Officer Guillaume Faury warned that a plan for 15,000 job cuts is “not the worst case” scenario facing the company in…
EU’s move to keep Americans out signals long travel slump
As the Eiffel Tower gradually reopens from an extended shutdown, an essential segment of the summer tourist trade will be missing: Americans touching down in…
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Cape Town port gets help to clear lockdown freight backlog
Transnet SOC Ltd. will deploy to staff to its container and multipurpose terminals at the Port of Cape Town in a bid to clear backlogs…
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Aeromexico files for Chapter 11 bankruptcy protection in US
Grupo Aeromexico SAB, Mexico’s second-largest airline, filed for bankruptcy in the U.S., becoming the latest in a string of Latin American carriers to seek court…
FedEx soars after profit surprise on costs, health shipments
FedEx Corp. soared after a surge in health-equipment deliveries and an efficiency drive aimed at home deliveries propelled earnings beyond Wall Street’s expectations.