Logistics News

WestJet begins parking Boeing 737 aircraft ahead of a looming strike

WestJet Canada announced 'on Friday that it has begun to park Boeing 737 planes as negotiations with flight attendants have failed to result in an agreement. This could lead a labor disruption. Cabin crew could go on strike as early as 12:01 am August 2 for the Calgary-based Onex Corp. The Canadian Union of Public Employees, who represents WestJet flight attendants, said that if negotiations fail to result in a'resolution' over the dispute regarding unpaid work, they will strike at 6:01 AM Mountain Time (6:01 GMT) on August 2. The union wants cabin crew paid from when they check-in to
Transportation

Energy Minister: Serbia has obtained a waiver from US sanctions for its Russian-owned NIS Oil firm
Spain announces migrants returning to Ceuta following 57 deaths in border rush

Spain announced on Friday that it had stopped a massive influx of migrants to a Spanish?enclave located in North Africa. The majority of the over 50,000 people, who crossed the border via land and water, had already returned voluntarily. According to the representative of the Spanish government in Ceuta, 57 bodies have been found on the Spanish side of the border. There could be more casualties on Moroccan side. Some drowned, and others were crushed as they tried to climb up the breakwater holding the border fence. Spain's Interior Ministry reported that around 50,000 people have crossed the border from
North Asia

Chevron CEO: CPC pipeline operational, ships loading.
IndiGo, India's widebody carrier, will cease operations and terminate the Norse Atlantic Lease

IndiGo, India’s largest airline, announced 'on Friday' that it will discontinue its wide-body operations on October 25, and end its damp 'lease' agreement with Norway’s 'Norse Atlantic Airways' 'on October 31. This is a scaled-back version of a program launched last year in support of its long-haul goals. It said that a worsening operating climate, driven by geopolitical conflicts, had increased costs and affected the economics. IndiGo is responsible for the cabin crew in a "damp lease", while the lessor provides the jets and pilots. The airline stated that "Airspace constraints and increased fuel costs have impacted schedule integrity, connectivity,
Transportation

Chevron beats analyst expectations to record highest quarterly profit in six-years

Chevron exceeded analyst expectations for second-quarter earnings?on Friday. It reported its highest quarterly profit for at least six-years as the U.S./Israeli war against Iran disrupted world energy markets and boosted?profits?for the largest oil companies. LSEG data shows that adjusted earnings of $12 billion or $6.06 a share beats the average analyst forecast of $5.56 a share. Chevron's shares rose about 2% during premarket trading. The results were similar to those of European oil giants TotalEnergies, Shell and others who also reported record profits in the second quarter. Higher oil prices were a major factor. ExxonMobil's quarterly profit missed analyst expectations
Enbridge Canada has postponed plans for the second phase of Mainline's oil pipeline expansion

Poland and Baltics look to protect energy assets after undersea cable cuts

The Baltic states are working with Poland to protect the energy facilities they need as they decouple their power grids from Russia, Lithuania's energy minister told Reuters, following damage to undersea cable televisions in the area. Polish and baltic state-run power grid operators are working on an arrangement to guarantee the smooth running of the decoupled system, and how to repair it if needed, Zygimantas Vaiciunas said in an interview...

Transport Infrastructure

Russia claims that its overnight attacks on Ukraine have hit three military factories and a ship

Russia said on Thursday that it had launched a series of 'overnight strikes' on Ukrainian military factories, including in Kyiv, the capital, and Lviv in western Ukraine. It also claimed to have hit three cargo ships at sea in the Black Sea. The Defence Ministry claimed that it used missiles launched from land, sea, and air, along with strike drones to 'hit the Mayak Factory in Kyiv, which was said to be involved in the production of Ukrainian FP-1 & FP-2 strike robots. In the same statement, it claimed that it had hit Kyiv’s Electrical Technical Plant where it was...

Avolta announces higher first-half revenue as cost control boosts cash flow

Avolta, a travel retailer and food service operator, reported on Thursday a 3.7% increase in its organic first-half turnover. Tight cost management helped to generate cash despite the volatile geopolitical environment. The Swiss company that operates shops, cafes and restaurants in airports, cruise ships, seaports, and other tourist destinations worldwide reported a core turnover of 6.44 billion Swiss Francs ($7.90billion) for the first half, down from 6.61?francs an year ago. The company stated that organic growth would have increased by 5.2% if the Middle East conflict had been taken into account. Avolta's medium-term outlook was maintained, with the company citing...

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Aeroports de Paris - The Paris airport operator ADP reported that the net income attributable to the first half nearly tripled, reaching?312 millions euros. It has lowered its estimate for the annual traffic growth of Paris Aeroport by 2026 from an earlier range of 1.5% to 2.5%. Now, it expects recurring EBITDA?of between?2.30 and 2.35 billion euro. AIRBUS: Airbus AIR.PA voiced increasing confidence in its critical jet delivery target and maintained other 2026 goals as it unveiled stronger-than-expected second-quarter results...

Ambrey reports that a drone hit a gas storage tanker in Egypt's Mediterranean Port.

Ambrey, a British maritime security company, said that a drone had hit a U.S. owned gas storage tanker in Egypt's Mediterranean port of Damietta. This was an initial assessment, which could indicate a new outbreak of conflict throughout the Middle East. Egypt's petroleum minister confirmed that there was a fire in the port, but did not mention a drone strike and did provide no explanation for the incident. Inchcape, a port services company, said in an unrelated message that two gas tanks had caught fire at Damietta. Three sources who were familiar with the incident confirmed that a drone struck...

Ambrey reports that a drone hit a gas storage tanker in Egypt's Mediterranean Port.

Ambrey, a British maritime security firm, said on Wednesday that a drone had struck a U.S. owned gas storage tanker in Egypt's Mediterranean Port of Damietta. The company cited an initial assessment. The Egyptian petroleum ministry released a statement that confirmed the fire in the port, but did not mention a drone attack. Inchcape, a port services company, said in an unrelated message that two gas tanks had caught fire near Damietta. Three trading sources who were familiar with the incident confirmed that the drone struck a floating storage tanker named Energos winter, causing an explosion which spread to a...

As investor demand cools, yields rise as a result of hyperscaler debt binge

As investors become more selective, major U.S. tech companies are borrowing heavily to fund their artificial intelligence builds. The yields on these loans have been steadily increasing. According to a LSEG analysis, Amazon, Alphabet and Meta Platforms issued approximately $194 billion of bonds between 2026 and July 7. This is up 79% compared to roughly $108 billion of bonds from 2025. Goldman Sachs expects the bond issuance of five hyperscalers including Microsoft Corporation to reach approximately $250 billion this year, and $400 billion by 2027. These investment-grade companies have seen their borrowing spreads increase over the risk-free rate for all...

Passenger Transportation Services

FAA official leading response to fatal accident is stepping down

Next week, the official who headed the Federal Aviation Administration's response to the deadly January 2025 collision between an Army helicopter & an American Airlines regional passenger jet near Reagan Washington National?Airport that killed 67 people will step down. In an email, Deputy FAA Administrator Chris Rocheleau told his employees that he would be leaving the agency to pursue a new job. Acting deputy administrator will be Liam McKenna, the FAA's General Counsel. The National Transportation Safety Board found that the FAA allowed helicopters to fly close to airports without any safeguards, and failed to act on data or recommendations...