Air Freight News
U.S. Commerce: Joint Statement on the Republic of Korea’s Partnership on Export Controls for Russia
The Republic of Korea’s Minister of Trade, Industry and Energy Moon, Sung Wook and Secretary of Commerce Gina M. Raimondo are pleased to announce the…
NRF Chief Economist says inflation isn’t hitting everyone the same, but will still play a key role in outlook
Inflation is at a 40-year high but isn’t hitting all consumers as hard as top-line numbers might suggest, National Retail Federation Chief Economist Jack Kleinhenz…
U.S. trade deficit swells to record as goods, oil imports surge
The U.S. trade deficit swelled to a record in January, reflecting pickups in the values of imported capital equipment and consumer goods as well as…
Biden set to announce ban on U.S. import of Russian oil today
The Biden administration will impose a ban on U.S. imports of Russian energy on Tuesday without the participation of its European allies, according to people…
Canada’s trade surplus widens to most since 2008 on import decline
Canada’s trade balance swung back into surplus in January, on a sharp decline of imports led by the auto sector.
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Adidas halts sales in Russia and appoints new China manager
Adidas AG halted sales in Russia, following other athletic-wear makers like Puma SE and Nike Inc. in response to the country’s invasion of Ukraine.
Indonesia’s coal miners are bracing for new export curbs
Coal miners in Indonesia, the top shipper, are preparing for potential new curbs on exports, a move that would add pressure to prices already at…
Wheat settles at all-time high as war paralyzes Ukraine trade
Chicago wheat settled at the highest price on record as Russia’s intensifying war in Ukraine cuts off supplies from one of the world’s leading breadbaskets.
U.S. coal prices soar as war drives global commodities rally
Concerns of a looming global shortage of coal are driving up prices in every U.S. region that has access to export markets.
Canada could help replace key Russia exports, National Bank says
Canada and other commodity powerhouses can help replace key exports as Western sanctions over the invasion of Ukraine isolate Russia’s economy and reduce global supplies…