US trade plummeted in March with record drop in exports
U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic…
Canadian trade gap widens in March on falling oil, auto exports
Canadian exports plunged 4.7% in March to a more than two-year low as oil prices collapsed and the coronavirus pandemic shut down economies across the…
FTR Reports North American Class 8 Orders Plunge to the Lowest Level in Modern Era at 4,000 Units
FTR reports preliminary North American Class 8 orders plunged for the second month in a row to an unprecedented level of 4,000 units. April order…
United Air to slash management, office staff after aid runs out
United Airlines Holdings Inc. will cut at least 30% of its managerial and administrative jobs when government restrictions lift in October, bracing for a prolonged…
Lufthansa in talks with Airbus and Boeing on order deferrals
Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said the airline is in talks with Airbus SE and Boeing Co. about postponing plane deliveries as…
Ryanair sues EU to topple Sweden’s $494 million airline rescue
Ryanair Holdings Plc asked European Union judges to cancel EU approval of Sweden’s 455 million-euro ($494 million) loan guarantees for airlines, the first of several…
FIS Air Freight Report May 4, 2020
New for this week, Calendar year contracts for 2021 (Cal 21) have been added to cover forward contract interest.
Food panic recedes for now as nations row back export curbs
The wave of protectionist measures on agricultural goods that emerged as the coronavirus spread around the world has already begun to recede.
US targets expiring Iran arms embargo at eisk of angry allies
The Trump administration is escalating tensions with allies as it seeks to renew a UN arms embargo on Iran that’s set to expire this year,…
Palm oil imports by no. 1 buyer seen tumbling to nine-year low
Palm oil purchases by India will probably plummet to the lowest level in nine years as the closing of restaurants and hotels to contain the…
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