Air Freight News
Saudi crude exports jump to highest in more than two years
Saudi Arabia’s crude exports soared in July to the highest level since April 2020 amid international pressure to tame elevated oil prices.
Amazon says its planet-warming carbon emissions grew 18% in 2021
Amazon.com Inc. said its carbon footprint grew 18% in 2021, as the company’s rapid growth during the pandemic overwhelmed nascent efforts to cut its contribution…
Russia’s slump in oil exports abates, Moscow’s revenues go up
Russia’s seaborne crude shipments have stabilized at a level about 500,000 barrels a day below the peak they reached after Moscow’s troops invaded Ukraine in…
China’s huge trade surplus counteracts outflow pressure from Fed
China’s massive trade surplus helped to offset capital outflows in the first half of the year, anchoring its balance of payments even as the Federal…
Connecticut’s Sculley named TAEC chairman
The Trucking Association Executives Council announced Motor Transport Association of Connecticut President Joseph Sculley has been named national chairman with a one-year term. “Joe has…
Nikola buys Romeo Power for 11% of battery maker’s SPAC valuation
Nikola Corp. will acquire Romeo Power Inc. for a sliver of what the battery maker was worth when it merged with a special purpose acquisition…
Inchcape Shipping Services acquires Kennedy Hunter NV port agency in Belgium
Inchcape Shipping Services Holdings Limited (Inchcape) registered in England has signed an agreement to acquire Kennedy Hunter NV in Belgium from Conti-Lines Group (formerly Conti7).
Libya’s oil flows rebounding after ban on output, exports lifted
Libya’s crude exports climbed after a ban on production and shipments was lifted in mid-July, a trend that may help cool fears about the OPEC…
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Bolloré Logistics transports Helibras ACH160 helicopter from France to Brazil in historic move with Beluga Aircraft
This past Sunday, Bolloré Logistics was part of an historic moment when the Airbus A300-600ST Super Transporter (Beluga), landed in South America for the first…
US sanctions companies it says help to transport Iranian oil
The US sanctioned four companies associated with the shipping of Iranian oil and petrochemicals from Iran to East Asia, operations that officials said comprised tens…