Air Freight News
Japan exports weakened by supply snags hurting global trade
Supply chain snags crimping global trade weighed on Japan’s exports last month as auto shipments plunged, weakening a key pillar of the country’s economic recovery.
China refiners in buying spree may turn to Russia, Iran oil
China’s independent refiners are set for crude buying frenzy as they seek to use import quotas before they expire in less than three months.
Argentina freezes prices on over 1,400 goods ahead of elections
Argentina’s government is freezing prices on 1,432 household items in an effort to cool accelerating inflation ahead of November’s midterm election and the holiday season.
Stunning coal rally halts in China as government issues warnings
A spectacular rally in coal futures in China hit an abrupt halt as the government began a policy blitz intended to tame prices and ease…
CN Rail CEO Ruest to quit as Hohn heaps pressure on board
(Bloomberg) -- Canadian National Railway Co. said Chief Executive Officer Jean-Jacques Ruest plans to retire by the end of January, handing an apparent victory to…
Jet fuel price surge is clouding U.S. airlines’ recovery plans
Jet fuel prices are surging above pre-pandemic levels, an ominous headwind for airlines plotting a recovery from more than a year of losses. Despite lackluster…
United Airlines posts smaller loss after variant wrecks profit plan
United Airlines Holdings Inc. posted a narrower loss than analysts had expected as a dip in demand from a summer surge in the coronavirus delta…
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Double-digit price hikes on China exports add to inflation risk
Business is booming for Zhejiang Zhendong Leisure Products, which churns out about 1 million folding chairs a year from its factory in eastern China, many…
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Union Pacific taking cargo around-the-clock near L.A. ports
Union Pacific Corp. has begun receiving trucks around-the-clock at its freight facility near the ports of Long Beach and Los Angeles, extending operating time by…
U.S.-China deal on Huawei CFO may ease Canada’s canola woes
(Bloomberg) -- The resolution of U.S. criminal charges against Huawei Technologies Co.’s chief financial officer is boosting optimism that China and Canada can resolve a…