Air Freight News
Japan prepares to restrict chip-making machine exports
The Japanese government is drawing up plans to impose export restrictions on advanced semiconductor-making machines, Kyodo News reported.
Oil market faces production issue in 2024, Goldman’s Currie says
Oil will rise back above $100 a barrel this year and may face a serious supply problem in 2024 as spare production capacity runs out,…
Southwest to halve flying time needed for prospective pilots
Southwest Airlines Co. will reduce by half the amount of experience prospective pilots must have flying jet or turboprop aircraft as it accelerates hiring this…
US probes close call between FedEx, Southwest jets in Austin
A FedEx Corp. widebody jet flew over the top of a Southwest Airlines Co. plane early Saturday in Texas after an air-traffic controller cleared the…
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France demands transparency to defuse subsidy fight with the US
French Finance Minister Bruno Le Maire will head to meetings with counterparts in Washington on Tuesday demanding more transparency from President Joe Biden’s administration on…
Saudi Arabia’s oil chief says he’ll stay cautious on output
Saudi Arabia’s energy minister reiterated that the kingdom will remain cautious about raising oil production, even as several prominent analysts say rising demand will soon…
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CVC nears deal to acquire logistics firm Scan Global
CVC Capital Partners is nearing a deal to acquire Danish transport company Scan Global Logistics, people familiar with the matter said.
G-7, EU set $100 price cap on Russian diesel as import ban looms
(Bloomberg) -- The Group of Seven nations and the European Union member states have agreed to impose a cap of $100 per barrel on sales…
Saudi Arabia’s oil chief says he’ll keep cautious on output
Saudi Arabia’s energy minister reiterated that the kingdom will remain cautious about raising oil production, even as several prominent analysts say rising demand will soon…
‘Shameful’ train strikes hurt London’s shops and restaurants
Shops and restaurants in London suffered another sharp drop in demand on the latest day of strikes by UK train drivers.