Central America

Panama's Tocumen International Airport stated on Friday that a construction firm controlled by Brazil's Novonor had been bought to pay some $ 30.76 million to the airport for failure to adhere to a. contract to expand one of its terminals. The firm now known as CNO, S.A. was approved a contract to. expand Tocumen's Terminal 2 in 2012, the airport stated in a. declaration. The work suffered repeated delays due to constant. breaches of agreement by the building and construction company, Tocumen said. Tocumen, which is owned by the state, was required to. presume extraordinary expenses as an outcome, it...

The following are the leading stories in the Wall Street Journal. Reuters has actually not confirmed these stories and does not attest their accuracy. - Canada's 2 main railways Canadian National Train and Canadian Pacific Kansas City locked out over 9,000 staff members Thursday after they were not able to reach new labor handle a Teamsters union. - Whitehaven Coal has actually struck separate deals with Japan's Nippon Steel and JFE Steel to sell 20% and 10%. stakes, respectively, in its Blackwater coking coal mine for a. total of $1.08 billion. - Edgar Bronfman Jr. has actually sweetened his deal...

Mexican airline company Viva Aerobus thinks the U.S. federal government's pause on examining a. proposed tieup with Nevadabased Allegiant Air is. political rather than technical, the Mexican provider's chief. executive said on Wednesday. U.S. regulators suspended the evaluation of the joint venture. in 2015, citing issues over actions by the Mexican. government affecting Mexico City International Airport (AICM). Mexican authorities and executives have stated the concerns. described a government-mandated relocation of freight flights from the. capital's primary airport to a newer, farther-away airport. led by the president, as well as a reduction in take-off. and landing slots at AICM. I...

Turkish holding business Yilport will invest an expected $1.62 billion to broaden two ports in El Salvador and operate them collectively with the local port authority, the federal government of the Central American nation said. Salvadoran President Nayib Bukele, in a post on X on Sunday evening, said the investment is part of his broader financial revitalization strategy. Yilport, which likewise operates ports in Guatemala, Ecuador, Peru and in Europe, is set to invest to triple capability at Acajutla, El Salvador's greatest port. It will also invest to upgrade La Union, a port in the east of the country which...

Panama's civil air travel authority has actually been purchased to use a retaliation step versus Venezuela starting from Wednesday night, a cabinet spokesperson stated on Tuesday without providing additional details. WHY IT'S IMPORTANT Venezuelan President Nicolas Maduro revealed he had won a. third term soon after midnight on Monday, however the opposition,. independent pollsters and numerous global leaders have. called the result implausible. Panama has because suspended its diplomatic relations with. Venezuela and announced it will withdraw its diplomatic. workers until a complete review of the disputed vote is performed. The order follows an occurrence in which a plane leaving....

The United States' second largest liquefied natural gas exporter Freeport LNG has actually resumed shipments after shutting operations ahead of Typhoon Beryl, with processing on track to reach about half its capability on Monday, preliminary LSEG information showed. Beryl struck the Texas coast on July 8, triggering damage to ports and energy facilities and leaving more than 2 million consumers without power. Freeport LNG, which shut its three liquefaction trains on July 7 and later reported wind damage, has had a slow operational reboot because. The Marshall Islands-flagged tanker Axios II left one of Freeport LNG's berths over the weekend...

The U.S.' 2nd largest liquefied gas exporter Freeport LNG has actually resumed deliveries after shutting operations ahead of Cyclone Beryl, with processing on track to reach about half its capability on Monday, according to initial LSEG data. Beryl struck the Texas coast on July 8, triggering damage to ports and energy infrastructure and leaving more than 2 million consumers without power. Freeport LNG, which shut its three liquefaction trains on July 7 and later reported wind damage, has had a sluggish operational restart considering that. The Marshall Islands-flagged tanker Axios II left one of Freeport LNG's berths over the weekend...

The variety of liquefied gas (LNG) tankers waiting to load at Freeport LNG in Texas has actually increased since the U.S. second largest exporter of the supercooled gas halted processing ahead of Typhoon Beryl's. landfall recently, according to delivering data on Thursday. Beryl made landfall on July 8 near Matagorda, on the Texas. coast, lashing the state with 80-mph (130-kph) winds that caused. facilities damages and left more than 2 million clients. without electricity for days. Ports and energy business in lots of coastal cities, including. Freeport, suffered wind damage and sluggish repair of power. Freeport LNG, which shut its...

U.S. imports of crude oil from Canada rose last week to its highest on record, data from the Energy Info Administration showed on Wednesday, buoyed by the start-up of the freshly expanded Trans Mountain (TMX) pipeline. Imports increased by 807,000 barrels per day (bpd) to 4.4 million bpd in the week to July 12, the largest gain considering that March 2023, according to the data. The $24.84 billion (C$ 34 billion) Trans Mountain growth began operations in May and has actually nearly tripled shipping capacity to Canada's Pacific Coast to 890,000 bpd. The majority of the oil being shipped via...

Canadian transport services supplier Ryder Systems stated the trucking market ought to be able to deal with a dive in freight volume in the event of a rail strike, though it signified that the cost of shipping may boost. The Canadian industry is on tenterhooks as talks in between the Teamsters union, which represents more than 9,000 employees, and the country's two biggest railways - Canadian National and Canadian Pacific Kansas City - drag on over a brand-new contract. Labor Minister Seamus O'Regan in May referred the conflict to the Canadian Industrial Relations Board (CPKC) guaranteeing that a. possible walkout...

Canada is seeing an extraordinary simultaneous blockage at its two primary freight rail operators that might cause billions of dollars worth of financial damage. The two rail operators, Canadian National Railway and Canadian Pacific Kansas City, are holding different talks with the Teamsters' union, which represents more than 9,000 employees including locomotive engineers, conductors, train and backyard employees and rail traffic controllers. The companies locked out workers on Thursday after stopping working to reach a labor deal. Here are a couple of crucial facts about the two rail operators: HISTORICAL BACKGROUND CN Rail's history dates back to the 1830s, however...

Canada's two main freight rail business locked out around 10,000 of their Canadian unionized employees early on Thursday, starting an extraordinary simultaneous work stoppage that will grind practically all railway freight motion in the country to a halt. HOW INTEGRATED ARE THE RAIL NETWORKS ACROSS THE United States AND CANADA? Canadian National Railway Co and Canadian Pacific Kansas City have said their rail networks south of the border will continue to operate, however industry groups fear that a. work stoppage would have far-reaching results on the movement of. items and commodities throughout North America. CN and CPKC's coast-to-coast rail networks...

Canada's 2 primary freight rail companies are set to lock out around 10,000 of their Canadian unionized workers on Thursday at 12:01 a.m. ET (4:01. GMT), starting an extraordinary synchronised work interruption that. would grind practically all train freight movement in the country. to a halt. HOW INTEGRATED ARE THE RAIL NETWORKS THROUGHOUT THE United States AND CANADA? Canadian National Train Co and Canadian Pacific. Kansas City have said their rail networks south of the. border will continue to run, but industry groups fear that a. work interruption would have significant impacts on the movement of. items and products across...

U.S. freight forwarder C.H. Robinson stated on Monday it was diverting some of its U.S. clients' ocean freight away from Canadian ports as the threat of a rail strike looms. It stated roughly 80% of its consumers who had actually changed are now exporting through Los Angeles/Long Beach ports and the rest through Seattle/Tacoma ports. Canadian railroads, Canadian National and Canadian Pacific Kansas City, are bracing for a possible work blockage by the Teamsters Canada Rail Conference Union. Now that a strike notification has been declared, a few of our Canadian export consumers are beginning to deliver time-sensitive products to...

Canada's 2 primary train companies and the Teamsters union must do the hard work needed to reach labor offers and avoid a full stoppage, federal Labour Minister Steve MacKinnon said on Monday. In a post on the X social network, MacKinnon stated Canadian National Train and Canadian Pacific Kansas City would shut down early on Aug 22 unless offers were reached. MacKinnon said the impacts of the talks would be borne by all Canadians. The parties should do the hard work required to reach contracts at the bargaining table and prevent a complete work stoppage, he stated. Canada relies greatly...