Air Freight News
Biden set to announce ban on U.S. import of Russian oil today
The Biden administration will impose a ban on U.S. imports of Russian energy on Tuesday without the participation of its European allies, according to people…
Canada’s trade surplus widens to most since 2008 on import decline
Canada’s trade balance swung back into surplus in January, on a sharp decline of imports led by the auto sector.
World Freight’s up to $2 billion sale halted by Ukraine war
PAI Partners and Baring Private Equity Asia are halting a sale of World Freight Company due to market volatility caused by the war in Ukraine,…
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Adidas halts sales in Russia and appoints new China manager
Adidas AG halted sales in Russia, following other athletic-wear makers like Puma SE and Nike Inc. in response to the country’s invasion of Ukraine.
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German seaports are likely to take a hit from Russian sanctions
Germany’s maritime traffic is likely to take a hit from sanctions on Russia, the Federal Statistics Office said Tuesday. The data through November shows that…
Indonesia’s coal miners are bracing for new export curbs
Coal miners in Indonesia, the top shipper, are preparing for potential new curbs on exports, a move that would add pressure to prices already at…
Indian shipper says war in Ukraine needs to abate for stake sale
Shipping Corp. of India Ltd.’s proposed privatization may need to wait until the market turbulence triggered by Russia’s invasion of Ukraine blows over and investors…
Wheat settles at all-time high as war paralyzes Ukraine trade
Chicago wheat settled at the highest price on record as Russia’s intensifying war in Ukraine cuts off supplies from one of the world’s leading breadbaskets.
U.S. coal prices soar as war drives global commodities rally
Concerns of a looming global shortage of coal are driving up prices in every U.S. region that has access to export markets.
U.S. airlines face dilemma over raising fares as fuel jumps
U.S. airlines are unlikely to raise fares enough to completely offset jet-fuel costs that are at their highest levels in more than a decade, pulling…