Air Freight News
Crop futures gain with export limits, weather straining supply
Crop prices gained as global vegetable-oil markets face increasingly strained supplies and wet, chilly weather delays North American plantings.
Russia says its oil output may drop as much as 17% this year
Russia’s oil production this year may drop by as much as 17% amid international restrictions on buying the nation’s crude, said Finance Minster Anton Siluanov. 
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Indonesia adds to global food shock with widened palm export ban
Indonesia the world’s biggest edible oils shipper, will widen a export ban to include crude palm oil, adding to uncertainty in a market that’s suffered…
Britain can end Russian gas imports sooner than thought
Prime Minister Boris Johnson’s government expects Britain can stop importing Russian natural gas before the end of the year, sooner than expected, a person familiar…
Palm oil rallies 10% as market prepares for Indonesia export ban
Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders prepare for the start of Indonesia’s export halt.
Air New Zealand plans head office relocation to Auckland Airport
Air New Zealand will move its head office to a new campus at Auckland Airport, vacating its central city site to reduce costs and get…
Canada’s oil sands need C$65 billion to hit 2030 climate goals
Canada’s oil sands companies will need a massive amount of capital spending over several years to simultaneously meet domestic emissions targets while continuing to supply…
Europe loads up on more North Sea crude to replace Russian oil
European refiners continue to lap up North Sea crude to seek replacements for Russian oil in response to the war in Ukraine.
US Department of Labor calls on Amazon to improve severe weather emergency procedures following warehouse collapse
Dec. 10, 2021, tornado fatally injured 6 contractors sheltering in place in Illinois warehouse
Brexit drives rise in U.K. food prices and lifts cost of living
Brexit-related trade barriers have driven a 6% increase in U.K. food prices, adding to a squeeze on consumer spending power, according to a new report.