Air Freight News
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Former FedEx worker kills 8 people at Indianapolis facility
A 19-year-old former employee of FedEx Corp. gunned down eight people at a company facility near the Indianapolis airport and then killed himself with a…
Melrose sells Nortek Air management unit for $3.63 billion
U.K. buyout firm Melrose Industries Plc agreed to sell its Nortek Air Management business for 2.62 billion pounds ($3.63 billion), moving forward with a disposal…
Egypt orders investigation of second deadly train crash in weeks
Egyptian President Abdel-Fattah El-Sisi has ordered an investigation into the derailment of a passenger train north of Cairo that killed 11 people, less than a…
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TSMC says trade tensions could disrupt supply of chip equipment
Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, warned for the first time that trade tensions may disrupt its access to key production equipment…
Biden rushes jobs reassurance along with his 50% emissions cut
As President Joe Biden unveils an ambitious target this week to cut the nation’s climate-warming emissions, his administration is also taking steps to refute critics…
Japan’s exports jump by double-digits for first time since 2018
Japanese exports posted a double-digit increase for the first time in more than three years in March as the recovery picked up in key markets…
Won poised for rally as economic optimism eclipses virus concern
The won is set to advance as expectations of faster economic growth help the South Korean currency break out of its narrow trading range.
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US urges ‘decisive’ steps by China to shift away from exports
The U.S. said China continues to focus its policies on exports, and called on its biggest economic rival to implement forceful measures to boost domestic…
US hints more pressure to come on ‘undervalued’ Taiwan dollar
The Treasury’s report on major trading partners may have spared Taiwan the currency manipulator label but it hinted that U.S. officials could exert greater pressure…
Egypt passenger train crash kills 11 people, injures 98
A passenger train derailed Sunday north of Cairo, leaving at least 11 people dead and some 98 others injured, a Health Ministry official said, the…