Air Freight News
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Oil falls on oversupply concerns but tighter fuel markets limit drop
Oil prices fell on Wednesday due to higher crude inventories in the U.S., reinforcing oversupply concerns, but falls were limited by a tighter fuel market…
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Sterling eases after UK inflation, dollar rises ahead of Nvidia results
Sterling edged lower on Wednesday after British consumer price inflation fell in October as expected, raising expectations the Bank of England will...
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US airline group urges Congress to pay controllers during future shutdowns
The head of a trade group representing major U.S. airlines will call on Wednesday for permanently ending aviation disruptions during government shutdowns by
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Trump’s trade war with China in 2025
U.S. President Donald Trump has targeted top economic rival China with a cascade of tariffs on imports worth billions of dollars as he tries to…
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A new rare earth crisis is brewing as yttrium shortages spread
Global supplies of the rare earth element yttrium are running low due to Chinese export restrictions, sparking fears of shortages and surging costs that could…
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Singapore snares record haul of smuggled rhino horns from South Africa
Singapore seized a record 35.7 kg of smuggled rhinoceros horns worth about S$1,130,000 ($867,430) en route to Laos, the largest haul in Singapore to date,…
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U.S. Customs and Border Protection aids in trade fraud case with 2 arrests, $13.6M gold seizure
U.S. Customs and Border Protection officers with the John F. Kennedy International Airport partnered with Homeland Security Investigations and the Internal Revenue Service in a…
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US to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador
The United States said on Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and El Salvador under framework…
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Forwarders leaving 3–5% gross profit unclaimed
New OntegosCloud research finds freight forwarders are losing 3–5% of gross profit to unbilled fees and routing inefficiencies, underscoring why clean data, billing discipline and…
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Deforestation in Brazil’s Cerrado region hurts potential soybean output
Clearing land for agricultural use in Brazil's Cerrado tropical savanna region causes drier weather conditions that ultimately hurt soybean yields, according to the...