Air Freight News

Biden preparing to block Nippon’s US Steel takeover, source says

U.S. President Joe Biden is preparing to block Nippon Steel's acquisition of U.S. Steel, a source said on Wednesday.

The move by Biden would deal a blow to the proposed $14.9 billion deal.

The president has previously expressed concern over Nippon's deal to buy the 122-year-old iconic U.S. steelmaker.

U.S. Steel warned earlier on Wednesday that a failure to merge with Nippon Steel would put thousands of U.S. union jobs at risk.

Reuters
Reuters

{afn_job_title}

Similar Stories

https://www.ajot.com/images/uploads/article/December-2024-Transportation-Employment.png
December 2024 U.S. Transportation Sector Unemployment (4.3%) Was the Same As the December 2023 Level (4.3%) And Above the Pre-Pandemic December 2019 Level (2.8%)
View Article
DP World appoints Jason Haith as Vice President of Freight Forwarding for U.S. and Mexico

DP World, a global leader in logistics and supply chain solutions, has announced the appointment of Jason Haith as Vice President, Commercial Freight Forwarding – U.S. and Mexico, effective immediately.…

View Article
https://www.ajot.com/images/uploads/article/Amaero-International-Limited_Board-meeting-JAn-2025.png
Amaero secures final approval for $23.5M loan from Export-Import Bank
View Article
U.S. Bureau of Labor Statistics employment situation

Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in…

View Article
Import Cargo to remain elevated in January

A potential strike at East Coast and Gulf Coast ports has been avoided with the announcement of a tentative labor agreement, but the nation’s major container ports have already seen…

View Article
S&P Global: 2025 U.S. transportation infrastructure sector should see generally steady demand and growth

S&P Global Ratings today said it expects activity in the U.S. transportation sector will continue to normalize in 2025, with growth rates for most modes of transportation slowing to levels…

View Article