Air Freight News
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12 consecutive months of record volumes at SC Ports
SC Ports handled 230,420 twenty-foot equivalent container units (TEUs) at Wando Welch Terminal, North Charleston Terminal and Hugh K. Leatherman Terminal in February, up 26%…
Corn set for longest rally since May as war lifts US demand
Corn futures are set for a fifth weekly gain, their longest such run since May, as the war in Ukraine sidelines its supplies and leaves…
Yellen says China moves not diluting Russia sanctions sting
Treasury Secretary Janet Yellen said she sees no signs that Russia is currently skirting U.S. and European sanctions over the war in Ukraine by tapping…
China looking to divert flights from Shanghai as Covid surges
China has discussed diverting international flights away from Shanghai to other cities, as the financial center’s growing omicron outbreak puts pressure on quarantine hotels and…
U.K trade deficit widens to most since 1996 as exports drop
The U.K.’s trade deficit widened to a record high in January as exports to the European Union plunged with an increase in red tape following…
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Russia’s state-owned fleet of oil tankers is coming to a standstill
Russia’s giant fleet of ocean-going oil tankers is starting to come to a standstill.
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Russia bans export of 200 products after suffering sanctions hit
Russia announced an export ban for more than 200 products after the economy was hit by sanctions over the invasion of Ukraine. It stopped short…
Russian yachts are held in harbors. What about art in secretive free ports?
Sanctioned oligarchs' bank accounts are frozen and their ships are stuck. There’s a lot of wealth tied up in fine art, too—although no one really…
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Russian official deepens $10 billion puzzle over leased jets
Off-the-cuff remarks made by a Russian air-safety official, quickly disavowed by the nation’s industry watchdog, have added to the uncertainty over the fate of some…
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House votes to ban Russian oil imports amid bipartisan uproar
The House approved legislation barring U.S. imports of Russian oil as lawmakers of both parties demanded stronger punishment of Russia for its invasion of Ukraine.