World Trade forecast cut as Maersk flags fears for economy
Shipping giant A.P. Moller-Maersk A/S, a bellwether for the world economy, lowered its estimate for global container trade, indicating that weak demand continues to hamper…
Xi’s Spent Two Days Outside China in 2023 as Problems Mount
Two days is all President Xi Jinping has spent outside his country this year, as mounting domestic problems from a faltering economy to rare political…
Food Prices Pick Up as Trade Tensions, Extreme Weather Flare
Global food prices rose for the first time in three months, as trade disruptions from India to the Black Sea and extreme weather stoke supply…
HERE ranked as top location platform by TechInsights
Analyst firm places HERE ahead of Google, TomTom and MapBox in its annual benchmark report of global location platform companies
Long Island Rail Road train derails in Queens, injuring 13
A Long Island Rail Road train derailed in Queens on Thursday morning, injuring 13 people, with fire department crews responding at a scene that will…
Global shipping costs creep higher after 16-month freefall
Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean-freight costs that helped…
Ship fire began in decks where cars stored, says salvage firm
The nearly week-long fire that ravaged a ship off the Dutch coast started in the upper decks where some cars were stored, according to the…
Southwest pilots lose bid to be freed from contract talks
Southwest Airlines Co. pilots were denied a request to halt contract talks with the carrier, a step that could have brought them closer to a…
Spirit Air expects more groundings as Pratt engine fallout grows
Spirit Airlines Inc. has grounded seven planes due to problems with its Pratt & Whitney engines and the carrier expects to take more aircraft out…
July demand indicates a ‘winter of discontent’ for airlines and forwarders as global air cargo rates continue to plunge
Shippers will hold the upper hand in the next round of winter airfreight rates negotiations after another month of falling demand in July saw volumes…
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