Air Freight News
Trinity Logistics acquires Scottsdale, AZ-based Team Eagle Logistics 
Trinity Logistics, a Top 20 3PL and the freight brokerage division of Burris Logistics, has acquired Scottsdale, Arizona-based Team Eagle Logistics. Team Eagle Logistics will…
OPEC+ set to boost supply again with oil market looking tighter
OPEC and its allies are poised to revive more halted oil production when they meet on Tuesday after giving a tighter outlook for global markets.
Stock market is fixated on Covid with trade issues percolating
Stock market investors are naturally focused on omicron, which is spreading like wildfire in much of the U.S. But they should also keep an eye…
Argentina extends export ban on popular beef cuts to tame local prices
(Bloomberg) -- Argentina extended an export ban on seven beef cuts until the end of 2023, doubling down on its unconventional approach to taming meat…
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Buttigieg asks AT&T, Verizon to delay 5G over aviation concerns
Transportation Secretary Pete Buttigieg asked AT&T Inc. and Verizon Communications Inc. to delay a 5G wireless service set to commence next week that airlines say…
Yemen fighters hijack UAE-flagged ship, Saudi coalition says
Yemen’s Houthi fighters hijacked a United Arab Emirates-flagged cargo ship off the coast of Yemen on Sunday night, according to a Saudi Arabia-led military coalition…
Turkey orders exporters to convert 25% of income to liras
Turkey will require exporters to convert a quarter of their revenues to liras, the latest step in the government’s efforts to boost its reserves and…
Gas shortage leads to Pakistan losing 20% of vital textile exports
Pakistan’s natural gas shortage is hurting its crucial textile exports, according to an industry trade organization, putting even more stress on the nation’s struggling economy.
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Flight cancellations greet the New Year due to storms, omicron
Airlines greeted the New Year with more than 6,500 weekend cancellations in the U.S., closing out a bumpy holiday season as a winter storm swept…
Indonesia suspends coal exports to secure domestic power supply
Indonesia, one of the world’s top exporters of thermal coal, is pausing exports of the fuel in January to secure dwindling supplies for domestic power…