Air Freight News
Vestager backs ‘intrusive’ rules as EU targets Chinese firms
The European Union needs “intrusive” rules to prevent foreign state-funded firms -- such as those from China -- from undercutting EU rivals, the bloc’s competition…
Biden commerce chief calls for surge in U.S. chip production
Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks, saying…
Bombardier to exit Alstom stake with $630 million share sale
Bombardier Inc. is selling its stake in Alstom SA in a deal that would generate proceeds of more than $630 million at current market prices.
Johnson and Modi pledge ‘quantum leap’ in U.K.-India ties
The U.K. and India pledged a “quantum leap” in their relationship and said they aim to double their trade by 2030, following a virtual meeting…
Judge says giant ship that blocked Suez can’t leave canal yet
An Egyptian court upheld a ruling preventing the giant container ship that blocked the Suez Canal from leaving the country, after authorities sought more than…
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DAT: Spot rates are in a very different place compared to a year ago
It's been one year since the protests in Washington, DC, when distressed truckers descended on the Capitol to protest low freight rates. The average spot…
Lufthansa Wins Investor Approval for $6.6 Billion Capital Raise
Deutsche Lufthansa AG shareholders approved a potential capital raise of 5.5 billion euros ($6.6 billion), a move management said is needed to repair the stricken…
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Port Newark Welcomes MSC Virgo
May 1, 2021, marked another milestone for the Port of New York and New Jersey as the seaport welcomed the MSC Virgo to Port Newark…
A. Duie Pyle breaks ground on Hagerstown Integrated Logistics Center expansion
After opening the facility in September 2020, the premier transportation provider breaks ground on 115,000-square-foot expansion to bring additional capacity for its customers
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Dachser Mexico ensures seasonal produce stays fresh to meet Cinco de Mayo demand
Avocado, lime, lemon and mango exports from Mexico to U.S. see significant year-over-year growth