Airbus burns through $8.7 billion, warns of ‘gravest’ crisis
Airbus SE consumed an unprecedented 8 billion euros ($8.7 billion) of cash in the first quarter as Chief Executive Officer Guillaume Faury warned of the…
Southwest Air raises $4 billion with stock, bond sales
Southwest Airlines Co. raised about $4 billion by selling shares and convertible notes, stepping up a push to add liquidity as the coronavirus pandemic all…
China bets $600 billion on infrastructure to revive growth
China is trying to build its way out of the coronavirus slump.
Delta, citing planes with one passenger, wants to pare schedule
For most of April, Delta Air Lines Inc has flown just one passenger per day to and from Worcester, Massachusetts, and the company has asked…
Meatpacking shutdowns force McDonald’s Canada to import beef
The threat of meat shortages from the coronavirus pandemic is hitting the golden arches.
Oil glut propels Thai shipping firm’s shares on storage demand
Prima Marine Pcl, among the world’s best-performing marine-transport companies the past month, is expanding its storage capacity as the supply glut of crude oil, gasoline…
Dimerco supports donation of 80,000 COVID-19 masks for Italy
Dimerco Express Group, an Asia-based total logistics service provider, has supported the donation of 80,000 PPE (Personal Protective Equipment) masks from China to help combat…
FEMA cargo flights expand to Pittsburgh
A second cargo flight carrying much-needed medical supplies for the Federal Emergency Management Agency touched down in Pittsburgh, as shippers look to respond to the…
ATD and 116 industry stakeholders call for suspension of Federal Excise Tax on heavy-duty trucks and trailers
Today the American Truck Dealers (ATD) led a letter to congressional leaders urging suspension of the 12% federal excise tax (FET) on new heavy-duty trucks…
In 2019, US energy production exceeded consumption for the first time in 62 years
In 2019, for the first time since 1957, energy production exceeded energy consumption in the United States on an annual basis, according to the U.S.…
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