CMA CGM PCS (port congestion surcharge) in Mawei Fuzhou, China
Due to longer customs inspection of reefer imports, the port of Mawei Fuzhou, China is currently experiencing congestion, with most reefer plugs being occupied and…
US economy expands at record 33.1% pace after Covid-19 plunge
The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer…
Port Manatee celebrates 50 years as regional economic engine
Port Manatee is celebrating a half century as a powerful regional economic catalyst and global commercial hub, with today [Thursday, Oct. 29] proclaimed Port Manatee…
Concerns about virus on food imports are real, expert says
There is a real risk of cross-border coronavirus transmission through the $1.5 trillion global agri-food market, according to a scientist who has studied the phenomenon.
WTO leadership race upended by Trump now hinges on US election
World Trade Organization members are confronting the reality that the future of the Geneva-based institution is now in the hands of the American electorate.
Top Asia budget carrier sees 40% capacity drop this quarter
IndiGo expects passenger carrying capacity to slump 40% in the current quarter, showing that even India’s biggest airline can’t escape the coronavirus pandemic and a…
United plans Newark-London virus testing as tool to spur travel
United Airlines Holdings Inc. will offer rapid coronavirus testing on flights to London from Newark, New Jersey, in a bid to show governments that a…
Oil faces Iran shock if Biden win points to nuclear deal
For fragile oil markets, the outcome of next week’s U.S. election poses yet another risk: the prospect that major producer Iran may regain its role…
Priciest corn ever is gobbling up margins on Brazilian chicken
Bumper corn crops typically signal cheap feed and fat margins for chicken producers in Brazil. Not this year though, as strong exports and increasing demand…
South Africa defends airline bailout as state seeks partners
South Africa’s National Treasury has defended a controversial 10.5 billion rand ($641 million) lifeline for its bankrupt national airline, saying that setting it on the…
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