Air Freight News
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CGM CMA FAK rates - from Asia to North Africa
New applicable CMA CGM Freight All Kinds (FAK) rates(*) as follows as from September 1st, 2020 (date of loading in the origin ports in Asia)…
JetBlue CEO calls for new US aid with ‘day of reckoning’ near
JetBlue Airways Corp.’s top executive is joining an industry push for additional federal help as passenger totals plateau at about a quarter of year-earlier levels.
Oil drops with IEA demand outlook pointing to weakness ahead
Oil declined as investors assessed the International Energy Agency’s reduced forecasts for global oil demand in part due to a slowdown in air travel.
Fortress debt sale for Vegas train sees bond market skeptics
During the municipal-debt market’s pre-pandemic boom days, investors poured almost $2 billion into America’s first new privately financed intercity passenger rail in a century, allowing…
Boeing-Airbus trade dispute Is a pointless relic
The question of who gave what aid many years ago feels outdated when the pandemic has forced governments on both sides to protect their aerospace…
US says Iran forces boarded tanker in international waters
Iranian special forces boarded a tanker in international waters for about five hours on Wednesday before releasing it, according to an U.S. official familiar with…
IPhone maker Pegatron to take over casing unit to fight Luxshare
iPhone assembler Pegatron Corp. is taking over Casetek Holdings Ltd., strengthening its position against rising Chinese rival Luxshare Precision Industry Co.
After 50 years, Swire’s Hang Seng index membership at risk
Five decades ago, Swire Pacific Ltd. was a founding member of Hong Kong’s benchmark stock index. Now the family-run company risks losing its membership as…
South Africa hires RMB to advise on airline stake sale
South Africa’s Rand Merchant Bank, the investment banking arm of FirstRand Ltd., has been appointed as an adviser to help the government assess offers for…
Oil trades near $43 though IEA casts doubt on demand outlook
Oil was steady near $43 a barrel after the International Energy Agency cut forecasts for global oil demand.