Air Freight News
US orders for business equipment tick up after downward revision
Orders placed with US factories for business equipment rose modestly in March, indicating firms are cautious about demand prospects and tempering investment.
Boeing’s $3.9 billion cash burn adds urgency to revival plan
Boeing Co. burned through $3.93 billion in cash in the first quarter, a less dramatic drain than analysts had predicted, as the embattled planemaker continues…
Boeing’s revival roadmap put to test by dwindling time and cash
Boeing Co.’s assurance that it can pull itself together in the next three months is giving rise to two opposing questions: Is that too little…
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China’s cheap EVs redraw the map of where cars get made
China is set to change the map of global automaking by stepping up electric-car exports that will intensify mass-market competition, according to the International Energy…
China’s oil buyers set to weather tighter US sanctions on Iran
China’s private oil refiners could seek to buy more cargoes whose origin has been obscured as they prepare for fresh US sanctions on Iranian exports,…
EU opens investigation into China’s medical device procurement
The European Union launched an investigation into China’s medical device procurement, as the bloc seeks to address concerns that Beijing’s policies unfairly favor domestic suppliers.
Brazil joins protectionist wave in face of cheap steel imports
Brazil is stepping up protections for its steelmakers amid an influx of cheap imports led by China, by imposing an import quota system on 11…
Fortescue iron ore exports take hit from derailment, weather
Fortescue Ltd., the world’s fourth-biggest iron ore miner, said it expects full-year shipments of the steelmaking material to be at the lower end of its…
New Zealand first-quarter imports fall amid sluggish economy
New Zealand imports fell to the lowest since mid-2021 in the first quarter as a weak economy stems demand from consumers and businesses.
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Vertical Cold Storage surges to sixth largest cold storage provider in North America
Latest rankings from GCCA also list company as 12th largest globally