IAG’s Aer Lingus pilots protest over pay unless
| June 13, 2024 | Air Cargo
Singapore Port container logjam worsens as ships avoid Red Sea
| June 12, 2024 | Logistics | Ports & Terminals | Ports
Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push more container ships to the Asian maritime hub.
Port of Los Angeles imports fell 4.5% in May, exports rose 23.8%
| June 12, 2024 | Ports & Terminals | Ports
Imports at the Port of Los Angeles remained above the pre-pandemic peak in the first five months of 2024 despite ticking down in May compared to a year before.
Europe needs more and cheaper EVs. Tariffs will keep them costly
| June 12, 2024 | Energy | Alternative | International Trade
The European Union needs more and cheaper electric vehicles. Brussels’ decision to impose new tariffs on Chinese-made models will keep prices higher for longer, and act as a deterrent to sales.
Tesla presses EU for lower tariff on EVs shipped in from China
Southwest urged by second big investor to replace leadership
| June 12, 2024 | Air Cargo | Airlines
A second major Southwest Airlines Co. investor has joined the call for a shakeup in the carrier’s board and executive leadership team, upping the pressure for change.
Jack London Square receives international award for Alzheimer’s Awareness program
| June 12, 2024 | Ports & Terminals | Ports
Forget Me Not Alzheimer’s Awareness Program recognized for innovation...
Dry weekly market monitor - week 24, 2024
| June 12, 2024 | Ports & Terminals | Ports
This week's chart visualizes the 14-day moving average of actual port days for energy cargo at Far Eastern ports, comparing the Capesize, Panamax, and Supramax segments...
AAR reports weekly rail traffic for week ending June 8, 2024
| June 12, 2024 | Intermodal | Rail
For this week, total U.S. weekly rail traffic was 489,916 carloads and intermodal units, up 4.1 percent compared with the same week last year...
China exports deflation but US isn’t benefiting as ties weaken
| June 12, 2024 | International Trade
While the US and allies decry China’s industrial “overcapacity” and prepare to sharpen tariffs in response, those embracing links with the factory to the world are getting a hand in their efforts to tame inflation.
China’s binge on US fuel is biggest oil demand driver
| June 12, 2024 | Energy
Chinese purchases of a relatively niche type of fuel from the US have been the single biggest contributor to global oil demand growth in recent years, the International Energy Agency said.
Australia hopeful wine trade with China to recover as sales jump
| June 12, 2024 | International Trade
Australia is optimistic the nation’s wine trade with China will fully recover after sales surged following the end of punitive tariffs.
US expands Russia sanctions to target LNG projects, chips
| June 12, 2024 | Energy | International Trade
Southwest CEO says he won’t resign after pressure from Elliott
| June 12, 2024 | Air Cargo | Airlines
Southwest Airlines Co.’s chief executive officer is resisting pressure to step down after activist firm Elliott Investment Management took a $1.9 billion stake and called for new leadership at the carrier.
New York’s MTA braces for higher borrowing costs with toll halt
| June 12, 2024 | Trucking
While delaying New York City’s congestion pricing initiative blew a $15 billion hole in the Metropolitan Transportation Authority’s capital program, it also may strain the transit agency’s operating budget.
US weighs more limits on China’s access to chips needed for AI
| June 12, 2024 | International Trade
The Biden administration is considering further restrictions on China’s access to chip technology used for artificial intelligence, targeting new hardware that’s only now making its way into the market, people familiar with the matter said.
WSP Executive appointments advance vision for U.S. Business
| June 12, 2024 | Logistics
Cebu Pacific set to favor Airbus in deal for as many as 150 jets
| June 12, 2024 | Air Cargo | Airlines
April 2024 Freight Transportation Services Index (TSI) down 1.1% from March and down 1.3% from same month last year
| June 12, 2024 | Intermodal
April 2024 Freight Transportation Services Index (TSI) Down 1.1% from the Previous Month and Down 1.3% from the Same Month Last Year...
DHL Express expands retail presence in Houston Area
| June 12, 2024 | Logistics
As the Houston metro area continues to experience rapid international population and business growth, this retail location will cater to increasing B2C and B2B shipping demands...
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