Air Freight News
Iran, Pakistan seek to patch up ties with pledge to boost trade
Iran and Pakistan took steps to repair relations after deadly military strikes by the two Asian neighbors early this year, with both countries signing multiple…
GE Aerospace raises earnings goal on strong engine sales
General Electric Co. raised the full-year profit guidance for its aerospace business, driven by an increase in revenue from commercial aircraft engines and services.
Vegas-to-California $12 billion rail line kicks off construction
Brightline West, a $12 billion high-speed rail project connecting Las Vegas to Southern California, broke ground Monday, the latest step in bringing high-speed rail to…
UPS profit tops estimates as efficiency push counters costs
United Parcel Service Inc. reported profit higher than analysts’ estimates as the courier’s headcount management and restructuring of its delivery routes began to bear fruit.
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WorldACD Weekly Air Cargo Trends (week 15)
Eid weakens demand but rates hold firm
TotalEnergies eyes South Africa fuel trade with imports surging
French oil major TotalEnergies SE plans to expand fuel trade with South Africa after a wave of refinery shutdowns sent imports soaring.
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Port of Lake Charles cracks nation’s top 10 for cargo
Major gains in cargo have made the Port of Lake Charles one of the top 10 busiest ports in the nation.
Post-Brexit food checks will be ‘light-touch,’ UK minister says
The UK will enforce “light-touch” post-Brexit checks on food and plant products beginning later this month to avoid disrupting businesses trading with European Union nations,…
AFC joins $20 billion Morocco-to-UK subsea power export plan
Africa Finance Corp. will join a group of companies developing a project to produce solar and wind power in Morocco and transmit it to the…
EU weighs sanctions on firms shipping weapons tech to Russia
The European Union is assessing potential sanctions against more than a dozen companies that have continued to buy restricted goods from the bloc and supply…