NRF economist says full effect of Federal Reserve’s monetary tightening has not shown up
National Retail Federation Chief Economist Jack Kleinhenz today said NRF’s 2023 retail sales forecast was one of the most difficult he has ever prepared.
Crowley cultivates next generation ideas with inaugural Innovation Expo to support successful ventures
Crowley will kick off its first Innovation Expo on April 12, hosted in partnership with the business accelerator Plug and Play at the University of…
Sporadic strikes in France are causing European flight chaos
Walkouts among French air traffic controllers have led to thousands of flight cancellations since the start of the year, raising worries for Easter travel and…
South Africa weighs measures to improve rail, port efficiency
South Africa’s government plans to announce a set of measures to help improve the nation’s inefficient rail and port infrastructure cited by major exporters as…
Airbus to build new China jet factory as Apple pulls back
Airbus SE will double production capacity in China of its top-selling jet in a bold bet on future demand in one of the world’s biggest…
IMF warns five-year global growth outlook is weakest since 1990
The International Monetary Fund warned that its outlook for global economic growth over the next five years is the weakest in more than three decades,…
Iran oil snapped up by Chinese private refiners as market shifts
Private refiners in China, the largest crude importer, are snapping up more Iranian oil as competition for supplies from Russia rises.
March air cargo decline the ‘least-worst’ for 6 months, and revenues still high in historical terms
Preliminary WorldACD figures for March indicate demand and pricing may be stabilizing, with rates holding firm and year-on-year tonnages down just -8%, compared with -13%…
WTO sees subpar global trade growth as war, rate hikes slow economies
Global merchandise trade will slump well below historical growth trends this year, held down by geopolitical tensions and economic pressures including inflation, Russia’s war, monetary…
‘More common ground’ in stabilizing air cargo market, as volume decline slows in March
Longer-term contracts between shippers and freight forwarders may signal ‘more common ground’ in a stabilizing global air cargo market which saw demand dip at a…
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