Air Freight News
OPEC target gets harder to reach for Iraq as oil exports jump
Iraq’s crude oil exports jumped in the first half of February even after OPEC’s second-biggest producer pledged to cut production this month.
Singapore opens bubble for business travelers at Changi Airport
Singapore has started taking applications for a program that will allow people to enter the island for business and official purposes without having to quarantine…
Air France-KLM expects bailout in weeks as cash burn mounts
Air France-KLM is poised to get a fresh government bailout after burning through 2.1 billion euros ($2.5 billion) in the final quarter of last year…
Airbus cautious on 2021 after cementing cash flow turnaround
Airbus SE generated 4.9 billion euros ($5.9 billion) in cash during the fourth quarter, while issuing cautious guidance on the pace of its recovery from…
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China decoupling would cost US billions, Chamber says
American companies would lose hundreds of billions of dollars if they slashed investment in China or the nations increased tariffs, the U.S. Chamber of Commerce…
Profit-hit oil shippers face another challenge: costly fuel
Marine fuel prices in Asia continue to climb amid tightening supplies and a robust rebound in oil, adding to the strain on crude shippers grappling…
Port of LA will divert cargo ships to battle import congestion
The Port of Los Angeles plans to divert cargo ships to other destinations because of pandemic-fueled congestion, according to the port’s executive director.
Boeing warns pilots in wake of deadly Indonesian 737 crash
Boeing Co. has issued a safety bulletin reminding pilots of the steps required to ensure they maintain control of their aircraft in the wake of…
Gasoline prices are starting to soar as cold blast supply chains
Hiccups in the U.S. fuel-supply system are driving up gasoline prices as refineries in the nation’s oil-processing hub attempt to climb out of a disastrous…
Brexit negotiator Frost joins Johnson’s team with EU focus
Prime Minister Boris Johnson appointed former Brexit negotiator David Frost to his cabinet, putting him in charge of relations with the European Union and maximizing…