Air Freight News
Indian shipper says war in Ukraine needs to abate for stake sale
Shipping Corp. of India Ltd.’s proposed privatization may need to wait until the market turbulence triggered by Russia’s invasion of Ukraine blows over and investors…
Wheat settles at all-time high as war paralyzes Ukraine trade
Chicago wheat settled at the highest price on record as Russia’s intensifying war in Ukraine cuts off supplies from one of the world’s leading breadbaskets.
U.S. coal prices soar as war drives global commodities rally
Concerns of a looming global shortage of coal are driving up prices in every U.S. region that has access to export markets.
U.S. airlines face dilemma over raising fares as fuel jumps
U.S. airlines are unlikely to raise fares enough to completely offset jet-fuel costs that are at their highest levels in more than a decade, pulling…
Canada could help replace key Russia exports, National Bank says
Canada and other commodity powerhouses can help replace key exports as Western sanctions over the invasion of Ukraine isolate Russia’s economy and reduce global supplies…
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Trucker convoy returns to Washington Beltway in Covid protest
A fleet of truckers protesting the government’s response to Covid-19 and other grievances returned to the Capital Beltway on Monday, ringing Washington to draw attention…
EPA eyes strict emissions rules for heavy-duty trucks
The Biden administration is moving to enact stringent new emissions regulations for large trucks that have been operating for more than a decade under standards…
Global trade is already suffering from war, Kiel Institute says
Nearly all economies are already seeing a drop in international trade tied to disruptions triggered by Russia’s war in Ukraine, according to the Kiel Institute…
Vietnam suspends Catfish exports to Russia on sanction impact
Vietnam’s catfish and tuna exporters suspended shipments to Russia and Ukraine and are refraining from entering new contracts after the U.S. and Europe imposed sanctions…
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U.S. transportation sector unemployment rate increases to 5.4% in February 2022
Remains above pre-pandemic level of 3.8% in February 2020