Lufthansa to buy stake in ITA in bet on Italian market
Deutsche Lufthansa AG agreed to buy a stake in Italian carrier ITA Airways, allowing the German airline to expand in Europe’s third-largest aviation market while…
US debt ceiling talks pose threat to country’s already stagnant manufacturing industry – Rystad Energy’s Supply Chain Pricing Market Update
As US debt ceiling talks continue without resolution, the threat to domestic manufacturing ramps up.
St. Louis Regional Freightway’s 2024 priority project list features $3.7 billion in investments
The St. Louis Regional Freightway’s 2024 Priority Projects List includes more than 25 projects representing a total investment approaching $3.7 billion and underscoring the ongoing…
Asian spot prices recover, European prices continue to fall - Rystad Energy’s Gas and LNG Market Update
After tracking downwards for months, LNG prices have rebounded with some traders and oil majors purchasing LNG in Asia, making the market more attractive for…
[Freightos Weekly Update] Drought-driven canal surcharges likely to push East Coast rates
Key insights: 1. As many large importers have still not finalized long-term ocean contracts, carriers are considering a June GRI to push rates up and…
Girteka takes the next step in becoming a global company by cooperating with Citi
Girteka, the leading asset-based logistics company in Europe, has announced a strategic partnership with Citibank Europe plc (Citi) to take its financial operations to the…
Kalmar’s Shanghai plant achieves significant milestone as 6,000th machine rolls off the production line
Kalmar, part of Cargotec, is celebrating a significant milestone with the completion of the 6,000th machine, a reachstacker, at its manufacturing plant in Shanghai, China.…
U.S. Department of Energy launches new energy Earthshot to decarbonize transportation and industrial sectors through clean carbon sources
The Clean Fuels & Products ShotTM will reduce emissions and develop cost-effective fuels and products for aviation, marine, and other hard-to-decarbonize sector
Wilson Sons reports growth at the Santo André Logistics Centre (São Paulo), which completes 25 years
Largest bonded area in São Paulo, the business unit celebrates its anniversary in May. It connects the industrial district of the ABC with the state…
U.S. gasoline prices are down from 2022 heading into Memorial Day weekend
The retail price for regular-grade gasoline in the United States on May 22, the Monday before Memorial Day weekend, averaged $3.53 per gallon (gal), 26%…
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