Air Freight News
Toronto airport mayhem worsens amid persistent staff shortages
Travelers returning to the skies after a two-year hiatus are facing chaos at Canada’s busiest airport, Toronto Pearson International, with soaring wait times and flight…
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Fire at key US gas export terminal a blow for fuel-starved world
An explosion at a Texas liquefied natural gas plant that promises to reduce exports for weeks, lowering prices for the fuel in the US while…
Saudi Arabia offers to pay airlines to connect it to the world
Saudi Arabia is offering to subsidize airlines that fly unprofitable routes linking it to major global cities, as part of efforts to boost tourist arrivals…
Garuda plans to tackle liabilities with $800 million of new debt
PT Garuda Indonesia plans to issue $800 million of new debt as part of a plan to address its liabilities, as the embattled carrier seeks…
Lufthansa cancels hundreds of flights due to staff shortages
Deutsche Lufthansa AG canceled hundreds of summer flights due to staff shortages, underscoring the challenges facing European aviation as the industry fights to recover from…
Signs are flashing in chips, shipping, fertilizer that inflation may have peaked
Three of the key supply-side factors driving today’s global inflation levels have already turned around, meaning relief could be on the horizon for shoppers worldwide.
Europe to receive first Venezuelan crude in years as sanctions ease
Italian oil giant Eni Spa and Spanish refiner Repsol SA are poised to import Venezuelan crude for the first time in two years after the…
Port Houston welcomes first zero-emissions drayage truck
Port Houston recently welcomed its first-ever zero-emissions drayage truck in partnership with Sunburst Truck Lines and Nikola Corporation. The electric truck picked up a container…
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EQT, Mubadala buys medical freight firm in $3 billion deal
Funds managed by EQT AB and Mubadala Investment Company have agreed to buy Swedish medical freight company Envirotainer AB for an enterprise value of about…
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American Airlines and Qatar Airways expand strategic alliance
American Airlines and Qatar Airways are expanding their strategic alliance with a new codeshare agreement, enabling American’s customers to book travel on Qatar Airways flights…