[FBX Weekly] Air cargo rates climbing after outbreaks in Shanghai
Key insights: 1 Operations are resuming at Ningbo, as the industry works to clear the backlog and the additional congestion at alternate ports. The disruption…
Delta Air Lines to impose monthly surcharge on unvaccinated employees
Delta Air Lines Inc. will impose a $200 monthly surcharge on employees who aren’t vaccinated against Covid-19, becoming the first major U.S. company to levy…
Chinese billionaire-linked companies convicted of fraud in US
Six companies tied to Chinese billionaire Liu Zhongtian were convicted in the U.S. of disguising aluminum shipments to avoid paying $1.8 billion in customs duties…
Mexico warns of automaker exodus if car dispute not settled
Mexico is warning that the U.S. interpretation of the revamped North American free trade deal that also includes Canada could push automakers to abandon the…
Orders of US business equipment unexpectedly stalled in July
Orders placed with U.S. factories for business equipment unexpectedly stalled in July after four straight gains, marking a pause in a months-long buildup in capital…
London Gatwick revives plan to open up emergency runway
Gatwick Airport will revive plans to bring its second, emergency runway into full-time use in a controversial expansion of the London hub.
Goldman-backed exchange raises cash to expand shipping contracts
The New York Shipping Exchange, founded in 2015 by a former industry executive to make the container shipping market more efficient, is raising another $15…
China reopens terminal at world’s third-busiest port
The Meishan terminal at China’s second-busiest port reopened Wednesday following a two-week shutdown that further snarled already stressed shipping routes in Asia.
ATA Truck Tonnage Index decreased 1.2% in July
Index 2.9% Below July 2020
SGMF supports growth of gas as marine fuel in Asia with first regional committee
The Society for Gas as a Marine Fuel (SGMF) has set up its first regional committee to facilitate cooperation and information sharing as uptake of…
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