HNA’s Swissport to Hire Houlihan Lokey to Advise on Debt
Swissport International AG, the airport ground services firm owned by beleaguered Chinese conglomerate HNA Group Co., hired advisers to review its debt as passenger air…
Treasury lines up bankers to handle coronavirus business loans
The Treasury Department has retained several Wall Street banks to assist with loans to three industries during the coronavirus crisis.
American Airlines gives up on most overseas flying this summer
American Airlines Group Inc. will slash international flying as far out as the end of August as the novel coronavirus batters travel demand through the…
Oil Soars on Trump’s Contentious Saudi-Russia Output Cuts Claim
Oil soared after U.S. President Donald Trump said Saudi Arabia and Russia would make major output cuts, though uncertainty swirled over the volume of curbs…
Federal Court decision provides clear path for completing contract negotiations for Atlas Air and Southern Air Pilots
Atlas Air Worldwide Holdings, Inc. confirmed that Tuesday, the federal district court in Washington D.C. ruled that the arbitration awards issued in favor of Atlas…
BEA news: US international trade in goods and services, February 2020
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: The U.S. monthly international trade deficit decreased in February 2020 according…
DAMCO appoints Meierkort as head of Americas
Mike Meierkort has been appointed Head of Americas, DAMCO, as the freight forwarder launches a new Cargo Rescue Program in the USA, with two service…
World Container Index - April 2
The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia increased by…
Pasta for Southern Germany: DB Schenker transports more than 500 pallets of Italian pasta for ALDI
Supply has been secured: With a short lead time, DB Schenker supports ALDI in sourcing several hundred tons of pasta for more than 650 branches…
British Airways furloughs 30,000 staff to cope with coronavirus
British Airways will furlough more than 30,000 employees to save cash during the coronavirus pandemic after extending jet groundings to include almost all of its…
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