Air Freight News
Korea’s export slump eases in indication worst may be over
South Korea’s exports fell at a more moderate pace in August, offering signs of improvement in demand for semiconductors and adding to evidence of a…
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Fake spare parts were supplied to fix top-selling jet engine
European aviation regulators have determined that an obscure London-based company supplied bogus parts for repairs of jet engines that power many older-generation Airbus SE A320…
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CMA CGM completes the acquisition of GCT Bayonne and New York container terminals
• Acquisition expands CMA CGM’s U.S. East Coast footprint, strengthening the Group’s position as a global terminal operator. • Development plan at both terminals will…
Big tech is coming for the oil patch’s workers, and winning
Jose De Hoyos is recruiting in the oil patch. He got his start meeting workers in Pennsylvania’s Marcellus shale basin. This month, you’ll find him…
India sees Russian oil ebbing as rival suppliers step up
India’s splurge on cheap Russian crude may be over, as New Delhi’s traditional suppliers in the Middle East step back in with attractive conditions.
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Airline stocks come down to earth as earnings outlook darkens
Summer’s ending with a thud for US airline stocks, as a litany of problems from rising oil costs to flagging domestic-travel demand threaten earnings.
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WorldACD Weekly Air Cargo Trends (week 34):
Late August rebound follows last year's pattern
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Raimondo revives China business talks but delivers no deals
US Commerce Secretary Gina Raimondo won a promise to revive business talks between Washington and Beijing, a key step as both sides look to ease…
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ASML says it can ship restricted chip-making gear until year end
ASML Holding NV said it has licenses to ship restricted chip-making machines to China until the end of the year, even as export curbs kick…
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One ship in Panama Canal paid $2.4 million to skip the line
Shippers are having to pay record amounts if they want their carriers to beat a logjam of vessels waiting to cross the drought-affected Panama Canal.