Cutthroat oil competition threatens US quest to refill Strategic Reserves
Stiff global competition for sour crude oil is threatening to complicate the Biden administration’s plan to buy up to 3 million barrels to refill the…
NRF says retail sales rose in April as consumers ‘remained engaged’
Retail sales bounced back in April, showing both month-over-month and year-over-year growth, the National Retail Federation said today.
PSA BDP expands global network in Gdańsk, Poland with new office opening
PSA BDP, a leading provider of globally integrated and port-centric supply chain, transportation, and logistics solutions, has announced the opening of its first office in…
WARP digitizes traditional hub and spoke freight network with WARP stations giving shippers total end-to-end visibility
Today WARP, a tech-powered freight network specializing in middle-mile solutions, announced the official launch of their WARP Stations, technology-backed cross-docks that digitize the traditional hub…
Airlines see summer boom led by Asia’s post-Covid comeback
Air travel bookings are pointing to strong demand this summer, with Asia Pacific leading a regional rebound after coronavirus restrictions disappeared and airlines overcame the…
Delta considers large Airbus wide-body order for long-haul flights
Delta Air Lines Inc. is in talks with Airbus SE for a significant wide-body aircraft order, according to people familiar with the matter, as rising…
Ukraine crop corridor almost empty as Russia exit threat looms
Only seven crop vessels remain in the Ukraine crop corridor as Russia threatens to exit the grain pact later this week, bringing traffic grinding to…
Pemex in talks to pay KKR $320 million for fuel-import terminal
Petroleos Mexicanos is in advanced talks to buy KKR & Co.’s Monterra Energy fuel-storage terminal in Tuxpan, Veracruz, in one of the latest blows to…
Singapore Airlines posts highest profit in 76-year history
Singapore Airlines Ltd. reported record annual profit for the year ended March and said forward sales are healthy across all cabin classes, led by bookings…
G-7 to counter China economic coercion, US envoy says
Group of Seven countries are working on concrete ways to cooperate against economic coercion from China, US Ambassador to Japan Rahm Emanuel said just days…
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