Air Freight News
Power outages main cause of oil, gas shut-ins
Texas lawmakers’ attempt to understand why the state’s power system failed last week yielded plenty of blame but few clear answers on how to prevent…
New MSC Blank sailings from Asia to USA and Canada
MSC announced additional blank sailings during week 9 to rationalize capacity supply from Asia to the USA and Canada following the lower demand after the…
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Port of Long Beach to provide quarterly update on Pier B rail project
The Pier B On-Dock Rail Support Facility project team will update the public during a virtual community meeting at 10 a.m. Wednesday, March 3.
Boeing 777 makes emergency Moscow landing with engine issue
A Boeing Co. 777 aircraft operated by Rossiya Airlines made an emergency landing in Moscow at 4:44 a.m. local time due to engine trouble.
Nikola falls after paring output goals for debut electric trucks
Nikola Corp. shares slipped after the company cut projected output of its first commercial zero-emission vehicles and said it may seek to raise more capital…
EU and U.K. nearing first, small step for post-Brexit finance
Britain and the European Union are nearing agreement on how to cooperate on financial market rules -- a first, limited step toward working together after…
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EU begins probe into whether to prolong steel-import quotas
The European Commission started an investigation into whether the safeguard measure currently in place on imports of certain steel products should be prolonged beyond the…
China’s ANE Logistics weighs $500 million Hong Kong IPO
Shanghai ANE Logistics Ltd., a less-than-truckload shipping operator backed by Carlyle Group Inc., is weighing a Hong Kong initial public offering that could raise about…
British Airways parent sees some hope after $9 billion loss
British Airways parent IAG SA said there are grounds for optimism about air travel this summer, after posting its first annual loss in almost a…
China trucking startup files confidentially for U.S. IPO
China’s Uber-like startup Full Truck Alliance has confidentially filed for an initial public offering that could raise at least $1 billion as soon as this…