Maersk cuts 10,000 jobs on weakening global trade
A.P. Moller-Maersk A/S, a bellwether for global trade, fell after saying it’s cutting at least 10,000 jobs to shield its profitability in a shipping market…
ACE 2023 Connects forwarders with airlines and suppliers for face-to-face business opportunities
Decision-makers from across the air cargo supply chain will come together to negotiate and trade with new and existing partners in Abu Dhabi next month...
TIACA announces the 5th Sustainability Award finalists for the Start-up/Small Business Category
The International Air Cargo Association (TIACA) announced the results of the fourth edition of the Air Cargo Sustainability Awards, run in partnership with one of…
Panama Canal traffic is being throttled by climate change impact
The Panama Canal doesn’t have enough water.
Emerge appoints Craig Fiander as Executive Vice President of Commercial
Emerge, the trailblazer in freight innovation through its award-winning Freight Procurement Platform, is delighted to announce the appointment of Craig Fiander as the new Executive…
Flux Power announces capital structure update including new credit facility with Cleveland Capital
On July 28, 2023, the Company secured a new $15.0 million credit facility from GBC to fund working capital and to refinance its existing credit…
Federal Reserve Holds Rates Steady For Now On Tighter Financial Conditions
The Fed held its policy rate steady at a 22-year high of 5.25%-5.50% at its meeting on Oct. 31-Nov. 1. The American economy has had…
House Committee advances ATA-backed bill to protect service members and other repatriating Americans
“Given the sharp increase in identity theft crimes in recent years, the government must take action to safeguard the personal information of all servicemembers, federal…
Top fertilizer maker Nutrien warns against ‘artificial’ market constraints
The world’s largest maker of crop nutrients is cautioning against any meddling in the economics of fertilizer markets.
JetBlue swayed by low Spirit fares before seeking to buy rival
JetBlue Airways Corp. was competing aggressively with Spirit Airlines Inc. and other discount carriers on ticket prices before making a $3.8 billion takeover bid last…
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