Air Freight News
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The Missner Group and Realterm successfully complete industrial building in the Chicago Stockyards
The Missner Group and Realterm complete third joint venture project, a cutting-edge industrial building located at 1032 W 43rd Street in Chicago, Illinois.
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GE’s Culp sees travel pushing aerospace sales to $40 billion
General Electric Co.’s aerospace business could eventually see annual revenue soar above $40 billion thanks to strong demand for air travel and airlines snapping up…
Russia’s fuel exports hit 11-month low amid refining slowdown
Russia’s oil product exports dropped to an 11-month low in August as refineries wound down operations for planned autumn maintenance.
Brady is Delta’s newest strategic adviser and brand advocate
Delta Air Lines Inc. named renowned former quarterback Tom Brady as a strategic adviser to help develop training and “teamwork tools” for employees and to…
IMF says Saudi oil cuts will spare economy where it matters most
Saudi Arabia’s biggest source of employment and corporate profits will emerge largely unscathed from the oil production cuts that threaten a contraction in the $1…
Airlines waive reschedule costs as G-20 disrupts India flights
Airlines in India plan to forgo costs for passengers who reschedule or cancel flights during the Group of 20 summit taking place this week.
UK air-traffic software misread spots on map to cause outage
The UK’s worst air-traffic outage in a decade was caused by an anomaly in the airspace manager’s software system, which confused two geographical checkpoints separated…
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Panama Canal’s low water delays could last 10 months impacting U.S. Gulf/East Coast ports
The Panama Canal’s drought induced low water problems are causing vessel traffic jams that could last for the next ten months according to the Athens-based…
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FIT Alliance launches eBL declaration to secure commitment to digitalization
BIMCO, DCSA, FIATA, ICC, and Swift (The FIT Alliance) have launched the “Declaration of the electronic Bill of Lading” as the adoption of eBLs can…
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Oil jumps to 10-month high as Saudi Arabia extends voluntary cuts – Rystad Energy Oil Market Note
Global oil markets responded quickly today after news of extended voluntary production cuts from Saudi Arabia and Russia.