Latest news

Benelux
May 5, 2026

What we know of the passengers on cruise ships affected by Hantavirus

According to the World Health Organization, seven passengers aboard a cruise ship sailing in the Atlantic Ocean, including three people who died, have either been 'confirmed' or'suspected'...

Ground Freight
May 5, 2026

Cummins increases revenue forecast on robust power demand

Cummins raised its revenue forecast for the year?on May 5, supported by a?resilient market for its power generation equipment, and expectations of an improving North American on-highway...

Passenger Transportation Services
May 5, 2026

Fuel costs are increasing and Frontier Airlines is forecasting a bigger than expected loss in the second quarter.

Frontier 'Group, parent company of low-cost carrier Frontier Airlines, forecast a larger-than-expected loss for the second quarter on Tuesday due to a'surge in jet fuel prices. The...

Asia
May 5, 2026

Ukraine intensifies medium-range attacks on Russian forces

Volodymyr Zelenskiy, the President of Ukraine, said that Ukrainian troops were rapidly increasing the medium-range drone attacks on Russian forces. This is a sign of a growing...

May 5, 2026

Maguire: Booming US energy exports are under scrutiny as domestic fuel costs bite.

U.S. energy exporters helped to plug global shortages of key products due to the Iran War. Sharply increasing domestic fuel prices raise questions about whether it is...

Transportation
May 5, 2026

Sources say that Canada-US pipeline is close to meeting commitment requirements

Four sources with knowledge of the situation said that a proposed 'pipeline' for transporting Canadian crude oil into the United States was close to getting the minimum...

Europe
May 5, 2026

The Swiss inflation rate doubles to 12% in April, as petrol prices soar

Government data released on Tuesday showed that the Swiss inflation rate had doubled in April. It was at its highest level for nearly 18 months as the...

Passenger Transportation Services
May 5, 2026

Gulf shares fall after new attacks rattle truce

Stock markets in 'the Gulf' fell on Tuesday morning, after fresh attacks from Iran and the United States deepened the battle for the Strait of Hormuz. This...

Passenger Transportation Services
May 5, 2026

Kazakh airline Air Astana's loss triples as costs rise

Air Astana announced a?first-quarter 'loss? on Tuesday that widened by nearly threefold. Costs increased after the Kazakhstani carrier moved capacity away from Gulf routes due to the...

Western Europe
May 5, 2026

The Swiss inflation rate doubles to 12% in April, as petrol prices soar

Government data released on Tuesday showed that the Swiss inflation rate doubled in April. It reached its highest level in nearly a year and a half due...

Asia
May 5, 2026

India's Reliance gives documents to bribery investigation, and executive is released on bail

According to a court ruling, India's largest listed company, "Reliance" Industries, handed over the documents requested by federal police in an investigation into a drone import corruption...

Transport Infrastructure
May 5, 2026

UAE shares slip after fresh Gulf attacks rattle truce

UAE stocks fell early on Tuesday?trading after new attacks by Iran?and?the United States in?the Gulf deepened?the?fight for?the Strait?of Hormuz?a critical global energy chokepoint and shook an already...

Transport Infrastructure
May 5, 2026

Fraport reports a core profit increase for the first quarter despite Iran War

Fraport, the operator of Germany's biggest airport, said on Tuesday that a?increase in traffic to other areas, notably Asia offset fewer flights into the Middle East area...

May 5, 2026

Maguire: Booming US energy exports are under scrutiny as domestic fuel costs bite.

U.S. energy exporters helped to plug global shortages of key products due to the Iran War. Sharply increasing domestic fuel costs raise questions about whether it is...

Middle East
May 4, 2026

Wesfarmers, Australia's largest retailer, increases retail prices to offset rising freight costs

Wesfarmers Australia's largest non-food retailer announced?on?Tuesday that it would be raising some of its product prices due to higher?freight costs and fuel costs resulting?from the Iran _war....

Passenger Transportation Services
May 4, 2026

American Pilots Union Chief says United CEO's idea of a merger showed 'boldness'

The head of American Airlines pilots' union, Scott Kirby, told his?members the merger idea of United Airlines CEO Scott Kirby was the "bold vision" that the airline...

Transport Infrastructure
May 4, 2026

Drones disrupt relative calm for months in Sudan's capital and hit airport

Sudan's military blamed the United Arab Emirates (UAE) and Ethiopia for a drone strike on Monday that targeted Khartoum Airport. This is the latest of a series...

North America
May 4, 2026

Chevron CEO: Shortages in oil supply to begin appearing

Chevron's Chairman and CEO, Mike Wirth, said that physical shortages of oil would start to appear around the world? due to a?closure of the Strait of Hormuz....

Middle East
May 4, 2026

US crude oil prices drop by more than 1% as traders assess supply risks

U.S. crude oil prices fell more than 1% on Tuesday, as investors weighed up the impact of?Iranian?attacks?on ships in the 'Strait of Hormuz? and the news that...

Passenger Transportation Services
May 4, 2026

American Pilots Union Chief says United CEO's idea of a merger showed 'boldness'

The head of American Airlines pilots' union told members that United Airlines CEO Scott Kirby's merger proposal showed "the bold vision" that the carrier needed, but the...

Passenger Transportation Services
May 4, 2026

American Pilots Union Chief says United CEO's idea of a merger showed 'boldness'

The head of American Airlines’?pilots' union,?Scott?Kirby, told his members that the "bold vision'' of United Airlines CEO Scott Kirby's merger 'idea was exactly what the carrier needed....

Passenger Transportation Services
May 4, 2026

Southwest considers hiring Spirit Airlines mechanics in advance of the Boeing MAX 7 arrival

Southwest Airlines is interested in hiring aircraft mechanics from the now-defunct Spirit Airlines. A union official announced this on Monday, as Southwest Airlines prepares to receive Boeing's...

North America
May 4, 2026

Chevron CEO: Shortages in oil supply to begin appearing

Mike Wirth, Chairman and CEO of Chevron, said on Monday physical'shortages' in oil supply will begin to appear around the world due to the closure of the...

Freight Logistics
May 4, 2026

Maersk's US flagged ship is accompanied by US Military to transit Hormuz

Maersk reported that the Alliance 'Fairfax', a U.S. flagged vehicle carrier operated by Farrell Lines, left the Gulf on Monday accompanied by U.S. Military assets. U.S. Central...

Logistics
May 4, 2026

S&P 500 drops from record high due to Middle East concerns

Wall Street closed lower on Monday as the S&P 500 fell from its record highs. This was after a South Korean vessel was struck by an explosion...

Logistics
May 4, 2026

S&P 500 drops from record high due to Middle East concerns

Wall Street closed lower on Monday. The S&P 500 fell from record highs after an explosion hit a South Korean ship in the 'Strait of Hormuz. Tehran...

Logistics
May 4, 2026

S&P 500 drops from record high due to Middle East concerns

Wall Street fell?from its record highs Monday, after a South Korean vessel was struck by an explosion on the 'Strait of Hormuz' and Tehran exhibited its grip...

Passenger Transportation Services
May 4, 2026

Airline cancellations in response to Middle East conflict

Middle Eastern carriers increased capacity following the disruption caused by the Iran War, while airlines outside of the Gulf have rerouted flights between Europe and Asia away...

North America
May 4, 2026

US and Gulf Arab nations draft a new UN resolution on Strait of Hormuz

The United States is drafting with?Gulf Arab countries a 'U.N. Security Council resolution to condemn?Iran's blocking of?the Strait?of Hormuz?as a response to?an U.S. Mike Waltz, the U.S....

Middle East
May 4, 2026

Admiral: US destroys six Iranian small vessels, shoots down drones and missiles

U.S. military said Monday that it had destroyed six Iranian small boats, intercepted Iranian drones and cruise missiles fired by Tehran and launched an operation to 'free...

Transport Infrastructure
May 4, 2026

SAC begins sale of controlling interest in Sicily's Catania Airport

SAC, the operator of Sicily’s Catania Airport, announced?on Monday that it had?launched a?process for selling a stake of?at least 51% of the company. Catania, Sicily's principal airport,...

Logistics
May 4, 2026

Wall St. falls as Middle East tensions cause new jitters

Wall Street's major indexes fell on Monday as conflicting reports about a U.S. Warship near the Strait of Hormuz exacerbated tensions in the Middle East and dampened...

Transportation
May 4, 2026

UAE claims it intercepted Iran's missiles after drone attack on Fujairah Oil Zone

Authorities said that a fire broke out in a?major UAE zone of the oil industry on Monday following a?drone attack from Iran. The Gulf?state's?military intercepted separately three?Iranian?missiles...

Freight Logistics
May 4, 2026

UKMTO receives a report of a fire on a cargo vessel 36 nautical mile north of Dubai

United Kingdom Maritime Trade Operations, (UKMTO),?said Monday that it received a report about a 'cargo vessel' incident which occurred 36?nautical -miles north of Dubai in the United...

Transportation
May 4, 2026

Think tank: High oil prices will not save Russian growth

A think tank near the government stated on Monday that high?global oil?prices will not boost Russian economic growth in this year, as new sanctions from the West...

Passenger Transportation Services
May 4, 2026

Spirit Airlines asks for approval to pay retention fees as it closes its operations

Spirit Airlines, the bankrupt discount airline that ceased operations last Saturday, has asked for approval to pay retention bonuses to its remaining employees. It also said it...

Europe
May 4, 2026

Seoul: Fire and explosion strike South Korean vessel in Strait of Hormuz

The foreign ministry in Seoul reported that there was a fire on a ship operated by a South Korean?shipper HMM on Monday in the Strait of Hormuz....

Passenger Transportation Services
May 4, 2026

JetBlue and Frontier share prices rise as Spirit shares fall to make room for growth

Frontier Airlines shares and JetBlue Airways' rose after rival Spirit Airlines closed shop on Monday. The rise in the share price of these carriers is a sign...

Logistics
May 4, 2026

S&P 500 and Dow fall as tensions between the US and Iran unnerve investors

S&P 500, the blue-chip Dow and the benchmark S&P 500 both fell on Monday. Investors were weighing the heightened concern over the Middle East conflict with the...

Transport Infrastructure
May 4, 2026

Sonatrach reduces prices from 2% to 18%. Saudi Aramco keeps LPG OSPs at the same level for May.

Saudi Arabian state oil producer Saudi Aramco has held its official selling prices for liquefied petroleum gas in May, while Algerian Sonatrach cut it by up to...

Transport Infrastructure
May 4, 2026

Bessent calls on China to intensify diplomatic efforts in Iran ahead of the Trump-Xi Summit

U.S. Treasury?Secretary Scott Bessent urged China on Monday to step?up diplomatic efforts to convince Iran to open up the Strait?of Hormuz for international shipping. He added?that this...

Oil Pipeline
May 4, 2026

Source: Kazakhstan's oil-and-gas condensate production up 16% from March to April

A source familiar with these data reported that Kazakhstan, which is responsible for more than 2% of the world's oil production, increased oil and gas condensate output...

LNG Transportation
May 4, 2026

After the crisis, India's Petronet is expecting to receive a full supply of Qatar LNG.

A. K. Singh, the chief executive of India's largest?gas importer Petronet LNG, said that he expects to recieve his full contracted amount from Qatar once the?political situation?...

Logistics
May 4, 2026

Wall St to open mixed as US-Iran tensions unnerve investors

Wall Street's major indexes are on course for a choppy opening on Monday, as 'heightened investor anxiety' over the Middle East conflict has tempered optimism following last...

Transport Infrastructure
May 4, 2026

Ukraine: Russia is intensifying drone attacks on Ukrainian ports

Kyiv reported on Monday that Russia had stepped up its attack against Ukrainian port infrastructure this year. It used?more 800 drones to carry out its attacks, which...

Passenger Transportation Services
May 4, 2026

JetBlue and Frontier share prices rise as Spirit shares fall to make room for growth

Frontier Airlines shares and JetBlue Airways shares rose in premarket trade on Monday after rival Spirit Airlines closed shop. This fueled hopes that the carriers could capture...

Asia
May 4, 2026

The US has pledged to increase shipping through the Strait of Hormuz, but most of it is at a standstill.

On Monday, there were no signs that?increased vessel?traffic through the Strait?of Hormuz had increased. This was a day after?President?Donald Trump announced the U.S.'s intention to begin efforts...

Logistics
May 4, 2026

Wall St Futures fall as US-Iran tensions increase volatility

Wall Street futures were volatile on Monday following?conflicting news reports about a?U.S. The presence of a warship in the Strait of Hormuz has heightened investor anxiety about...

Transportation
May 4, 2026

Lazard hires Ure, former Western Midstream chief executive officer as senior advisor

Lazard, an investment bank, has hired former Western Midstream Partners Chief Executive Michael Ure to be a senior advisor in the group's energy, infrastructure, and power. Ure,...

Logistics
May 4, 2026

Amazon expands its logistics network for other businesses

Amazon.com announced on Monday that it would be launching "Amazon Supply Chain Services", which will allow other businesses to access its logistic network. The company announced that...