Saudi tanker armada set to join US congestion and strain oil storage with 43 million-barrel load
With the Covid-19 pandemic reducing global oil demand by devastating numbers, oil storages are filling quickly in the US, forcing producers to start shutting output…
NEXT Trucking mitigates COVID-19 challenges across supply chain
NEXT Trucking, a FreightTech pioneer that connects shippers and carriers, has been instrumental in executing supply initiatives for many of America’s largest shippers, offering innovative…
Hamburg Süd USEC – South America service Port of New York terminal change
Hamburg Süd is changing terminals in New York for their U.S. East Coast to South America East Coast and U.S. East Coast to South America…
Secretary of Commerce Ross on Q1 2020 GDP advance estimate
Today, the Department of Commerce’s Bureau of Economic Analysis (BEA) released the advance estimate for gross domestic product (GDP) for the first quarter of 2020,…
DHL relocates Nashville operations to larger, state-of-the-art facility
DHL Express, the world’s leading provider of international express shipping services, has invested $5.3 million to relocate and expand its service center in Nashville, Tennessee.…
Boeing to cut output, thousands of jobs on vanishing demand
Boeing Co. unveiled deep cuts to jobs and production as the manufacturer rushes to adapt to a shrinking market for jetliners after the worst downturn…
Airlines serving most-remote US cities will be paid not to fly
Airlines being subsidized to serve the most remote U.S. airports can receive partial payments even if they cut flights during the new coronavirus epidemic under…
FIS Air Freight Report April 27, 2019
Hong Kong kicks into action after severe price disparity with mainland Chinese airports, primarily Shanghai. Hong Kong to Europe is up 65 cents, and Hong…
GE jet engine installs drop 45% in sgn of aviation collapse
General Electric Co. reported deep strains in its aviation business as the coronavirus pandemic pummeled commercial air travel worldwide.
Big three Chinese airlines lost $2 billion as virus kills travel
The big three state-run Chinese airlines reported a slump in earnings in the first quarter as the coronavirus upended travel demand, but there are signs…
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