Air Freight News
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Cummins posts quarterly profit beat on strong demand for power products from data centers
Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from data centers, sending the shares of the…
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US trade deficit widens sharply in September
The U.S. trade deficit widened sharply in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods.
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Grains merchant ADM slides on fresh accounting errors, profit forecast cut
Archer-Daniels-Midland shares fell 8% premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous…
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Italy puts ITA-Lufthansa deal on hold due to price dispute, sources say
Italy's Treasury has put on hold the sale of a minority stake in ITA Airways to Lufthansa because of a dispute with the German carrier…
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German air-taxi maker Lilium hires KPMG to explore M&A options
German air-taxi maker Lilium, which is set to file for insolvency after running into a cash crisis, said on Tuesday it had hired consultancy KPMG…
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Canada posts higher than expected trade deficit in September
Canada posted a higher than expected trade deficit of C$1.26 billion ($908 million) in September as a drop in imports failed to offset a fall…
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China pivot from US farm imports bolsters it against trade war risks
China's push to shift its food import sources since 2018 has put it in a better position to impose tit-for-tat tariffs on U.S. farm goods…
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ANTONOV Airlines delivers European critical satellite to the launch site in Titusville, FL
Ukrainian operator of the fleet of the biggest cargo aircraft AN-124-100M (150) continues performing the unique missions around the world.
Chinese company bullish on Cuban solar drive, executive says
Hangzhou Duojia Technology, which distributes solar technology to Cuba, called a Cuban plan to dramatically boost solar generation a win for both countries, touting China's…
Trump says he will put a tariff on Mexico to stop flow of fentanyl into US
Republican presidential candidate Donald Trump warned on Monday that, if elected, he would punish Mexico with tariffs unless the Mexican government moved to stop the…