UPS tumbles most in 15 years on worse-than-expected earnings
United Parcel Service Inc.’s shares tumbled the most in more than 15 years after the parcel giant reported a profit well short of Wall Street’s…
Europe’s biggest electric car battery maker mulls new products as demand wanes
The biggest producer of batteries for electric vehicles in Europe may branch out to build energy storage facilities for households harnessing renewable energy, amid weak…
Russia’s crude exports slide again to hit a seven-month low
Shipments from Baltic ports are down by 41% since mid-June
Rolls-Royce working on demonstrator next-gen narrowbody engine
Rolls-Royce Holdings Plc is working on a demonstrator for a next-generation narrowbody engine based on its Ultrafan technology, as the engine maker seeks to get…
WTO members push to expedite an Okonjo-Iweala second term bid
A sizable portion of World Trade Organization members supported a move from a group of African countries pushing for Director-General Ngozi Okonjo-Iweala to expedite a…
India cuts gold import tax in boost to local jewelry makers
India cut its import tax on gold to support jewelry manufacturing in the world’s second-biggest consumer of the precious metal.
Cheap price for North Sea oil highlights demand remains muted
A cargo of North Sea crude that’s crucial to setting the world’s most important oil benchmark fetched a very low price in Asia, a sign…
UPS agrees to acquire Mexico’s Estafeta in nearshoring push
United Parcel Service Inc. agreed to buy Mexican parcel carrier Estafeta as the package delivery giant tries to capitalize on a rise in nearshoring.
US says billionaire Gertler’s royalties must go to Congo for sanctions deal
A top US official said Dan Gertler’s royalties in the Democratic Republic of Congo must go to the country’s government as part of any deal…
WorldACD Weekly Air Cargo Trends (week 28)
Rates stay firm despite slight July demand lull...
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