FIS Air Freight Report May 11, 2020
The direction of market prices flips over for China to Europe, as the lane drops off 32 cents over the week, led by a sharp…
Turkish steel targeted for EU tariffs to help ArcelorMittal
The European Union threatened to impose tariffs on steel from Turkey in the latest sign of concerns by EU-based producers such as ArcelorMittal and Thyssenkrupp…
Qatar Airways to cut almost 20% of workforce, CEO tells BBC
Qatar Airways will cut almost 20% of its workforce after a slump in travel demand caused by the coronavirus, the carrier’s chief executive officer said…
Souring China ties threaten Australian farmers in trade spat
Farmer Brett Hosking had high hopes for this year’s barley crop, planting almost one third more than last year after strong rains filled dams and…
Dubai Airports chief sees ‘hockey stick’ recovery after vaccine
The head of the world’s busiest international air hub is confident that passengers will return to the skies in droves once they believe it’s safe.…
Luxury jets in Florida, sea planes in Alaska get virus aid
Luxury charter airlines and companies that fly tourists on sea planes in Alaska received millions of dollars in federal aid under the $25 billion Treasury…
GM to reopen cash-cow Mexican pickup plant as soon as next week
General Motors Co. is preparing to resume building vehicles in Mexico as soon as next week following that government’s approval for factory restarts, according to…
Termont Montreal Inc. places order with Liebherr for STS and RMG cranes
Liebherr Container Cranes Ltd. continues its recent success in Canada with an order for one ship to shore (STS) container crane and one rail mounted…
Too much LNG: Here are the producers better positioned to cut output as Covid-19 erases profits
As global liquefied natural gas (LNG) benchmark prices continue to fall due to oversupply on account of Covid-19, LNG producers with short-run marginal costs (SMRCs)…
Greenbrier announces enhancements to Greenbrier GIMSA joint venture agreement; reports progress on $1 billion liquidity target
The Greenbrier Companies, Inc., a leading international supplier of equipment and services to global freight transportation markets, today announced that it has amended its 50/50…
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