Latest news

Asia
Jun 26, 2025

US demand for China's goods drops on tariff concerns; ocean shipping rates fall

Shipping rates for cargo containers to the U.S. from China have fallen by more than 50% since the beginning of the month. Imports recovered less than expected...

Passenger Transportation Services
Jun 26, 2025

Sources: India refuses entry to UN aviation expert in Air India crash investigation

Aditya KALA, Allison LAMPERT and David Shepardson Two senior sources with knowledge of the issue said that India would not permit a UN investigator join an investigation...

Passenger Transportation Services
Jun 26, 2025

Spanish court suspends fines against two airlines for cabin bag fees

A Spanish court ordered on Thursday a temporary suspension of a fine levied by the government against two budget airlines including Ryanair for practices like charging for...

Asia
Jun 26, 2025

Ships near Strait of Hormuz send unusual messages to avoid attacks

According to Windward, a maritime risk analysis firm and data from ship tracking on Thursday, vessels near the Strait of Hormuz are broadcasting unusual nationality messages in...

Western Europe
Jun 26, 2025

Acciona confirms that the contracts referred to in a Spanish corruption probe are not irregular.

The Spanish construction firm Acciona announced on Thursday that it found no evidence to support allegations of corruption in the public works contracts which are at the...

Transportation
Jun 26, 2025

Siemens Energy aims to produce US transformers by 2027 and can expand the factory

Senior executives from Siemens Energy said that the company expects to begin production in the United States of large industrial power transformers by 2027. The factory can...

Transport Infrastructure
Jun 26, 2025

Gulf shipping prices drop after Israel-Iran ceasefire

Sources in the shipping and insurance industries said that the cost of shipping to the Gulf has dropped over the last two days following the ceasefire between...

Transportation
Jun 26, 2025

Britain rejects $34 billion subsea energy project between Morocco and the UK

The UK has rejected a Moroccan renewable energy project worth 25 billion pounds ($34.39billion) that would have used wind and solar power from the Sahara for up...

Passenger Transportation Services
Jun 26, 2025

Lyft asks drivers to provide strategic input on robotaxi rollout

Lyft launched its first ever Driver Autonomous Forum, an initiative that aims to involve seasoned drivers as they begin to integrate robotaxis in its ride-hailing services. This...

Transport Infrastructure
Jun 26, 2025

EU prosecutors uncover criminal conspiracy involving Chinese imports through Greece

European prosecutors have discovered a criminal conspiracy involving fake documentation of Chinese imports into Europe via the Greek port of Piraeus. This scheme defrauded the authorities of...

Passenger Transportation Services
Jun 26, 2025

Virgin Australia's private equity boss believes that it can weather the Middle East volatility.

Mike Murphy, a Bain Capital partner, is confident that Virgin Australia will be able to withstand the travel disruptions caused by Middle East tensions as well as...

Western Europe
Jun 26, 2025

Italy seizes $164 Million from Businessmen Allegedly Linked to the 'Ndrangheta Mafia

Tax police reported on Thursday that an Italian court confiscated assets worth more than 140 million euros ($164million) in Italy and Germany from five men in the...

North America
Jun 26, 2025

China signs first Argentine soybean deal despite US trade war threats

Chinese firms have ordered the first cargo of soymeal from Argentina since Beijing authorized Argentine imports for 2019. The Chinese animal feed industry is looking to diversify...

Asia
Jun 26, 2025

INDIA RUPEE Rupee hits two week high as Fed's credibility worries compound dollar’s problems

The Indian rupee reached a new fortnightly high on Thursday. This was boosted by broader weakness in the US dollar, due to concerns about the future independence...

Passenger Transportation Services
Jun 26, 2025

JetBlue's second largest investor is considering selling its stake without any changes

Vladimir Galkin is JetBlue Airways second-largest shareholder. He has threatened to sell his nearly 10% stake in the struggling airline if its cost-cutting plans and other efforts...

Passenger Transportation Services
Jun 26, 2025

India is working to reconstruct the events of the Air India crash

The Indian civil aviation ministry announced on Thursday that efforts are being made to reconstruct the events leading up to the Air India crash, which killed 260...

Passenger Transportation Services
Jun 26, 2025

India is working to reconstruct the events of the Air India crash

The Indian civil aviation ministry announced on Thursday that efforts are being made to reconstruct the events leading up to the Air India crash, which killed 260...

Transport Infrastructure
Jun 26, 2025

Gulf shares increase as Iran-Israel ceasefire is maintained

The Gulf stock markets rose early on Thursday. They extended gains from previous sessions, amid rising oil costs and a perceived ceasefire between Israel & Iran. Donald...

South America
Jun 26, 2025

Chinese feed manufacturers sign first bulk contract for Argentine soybean meal since 2019, sources claim

Four sources confirmed on Thursday that Chinese feed manufacturers have purchased 30,000 metric tonnes of Argentine soybean meal for shipment in July. This is the first purchase...

Passenger Transportation Services
Jun 26, 2025

Middle East flights suspended by airlines

Israel's attacks against Iran have caused international airlines to stop flights to certain Middle East destinations because of airspace closures and safety issues. The conflict has entered...

Transport Infrastructure
Jun 26, 2025

Serco, UK's defence contractor, sees North American market as driving growth in the first half of its contracts

The British outsourcing company Serco announced on Thursday that its North American market will drive organic growth during the first half 2025. This is due to a...

Asia
Jun 26, 2025

The rupee is rising with Asian currencies, and forward premiums are still on the uptrend

The Indian rupee and its regional peers strengthened on Thursday, as the dollar fell due to concerns about the independence of the U.S. Federal Reserve. The rupee...

Natural Gas Pipeline
Jun 25, 2025

Australian Gas Networks faces court action for allegedly misleading renewable gas campaign

The Australian Competition Watchdog announced on Thursday that it had filed a federal court case against Australian Gas Networks Limited. It claimed the company made false and...

Transport Infrastructure
Jun 25, 2025

Qatar Airways CEO: All passengers diverted from flights will be rebooked on new flights in 24 hours.

Qatar Airways announced on Wednesday that it had rebooked all 20,000 passengers on flights diverted Monday night because Iran fired missiles at a U.S. base in the...

Passenger Transportation Services
Jun 25, 2025

Nikkei reports that Foxconn is close to a deal with Mitsubishi Fuso to supply electric buses

Foxconn has reached an agreement to supply electric busses to Mitsubishi Fuso Truck and Bus of Japan, the Nikkei reported on Thursday. The report was based on...

Transport Infrastructure
Jun 25, 2025

US letter allows for ethane to ship to China but not be unloaded

According to a copy of a letter and a source familiar with the issue, the U.S. informed Enterprise Products and Energy Transfer that they could load ethane...

Transport Infrastructure
Jun 25, 2025

REFILE - Maersk may sue MSC Group over the $1 billion Brazil port auction.

The Brazilian courts are seeking to overturn the competition rules that prevent global shipping groups from taking part in the first round bidding for a new major...

Passenger Transportation Services
Jun 25, 2025

US Senate Committee confirms Trump's nominee for FAA head

Senate Commerce Committee voted on Wednesday 15 to 13 in favor of the nomination of Bryan Bedford, CEO at Republic Airways to lead the Federal Aviation Administration....

North America
Jun 25, 2025

Stellantis CEO says that the company has begun reviewing its long-term strategic plan.

In his first public speech since taking office as CEO of the world's number 4 automaker, Antonio Filosa, told Stellantis' employees on Wednesday that they had begun...

Natural Gas Pipeline
Jun 25, 2025

Energy Transfer extends its Lake Charles LNG supply agreement with Chevron

Energy Transfer, a pipeline operator, announced on Wednesday that it would supply U.S. oil giant Chevron an additional 1,000,000 tonnes of liquefied gas per year (mtpa), from...

Transportation
Jun 25, 2025

Grid monitor: Japan could face a power shortage in 2050

In a long-term projection, Japan's power transmission operators warned that the country could be facing a major power shortage in 2050 due to a surge in demand...

Transportation
Jun 25, 2025

The exports of Russian ESPO Blend oil from Kozmino are expected to increase by 7.5% in the month of July

Two traders have said that Russia will increase the ESPO Blend oil loadouts at its Far East Kozmino Port in July from 3.6 millions metric tons to...

Passenger Transportation Services
Jun 25, 2025

Taiwan's China Airlines will boost its fleet with Airbus Jets worth over $2 billion

China Airlines, a Taiwanese airline, said that it would spend over $2 billion on Airbus aircraft, including five A350-900 jets for long-haul routes and eight A321neos for...

Passenger Transportation Services
Jun 25, 2025

Middle East flights suspended by airlines

Israel's attacks against Iran have caused international airlines to stop flights to certain Middle East destinations because of airspace closures and safety issues. The conflict has entered...

Logistics
Jun 25, 2025

FedEx shares slide as trade turbulence hits demand, profit forecast

FedEx shares dropped on Wednesday, after the logistics giant predicted a current-quarter loss below expectations. This was due to U.S. Tariffs and President Donald Trump’s decision to...

Freight Logistics
Jun 25, 2025

FedEx shares slide as trade turbulence hits demand, profit forecast

FedEx shares fell nearly 6% on Wednesday in premarket trade after the logistics giant warned of a challenging year and predicted earnings for the current quarter below...

LNG Transportation
Jun 25, 2025

Ifx reports that the first Russian-built LNG tanker of ice class will launch in this year.

Interfax reported that Sovcomflot, a tanker company from Russia, said on Wednesday that the first Russian-built ice class tanker for liquefied gas will be in operation at...

Transport Infrastructure
Jun 25, 2025

UK's Warehouse REIT accepts $661 million Tritax bid to takeover Blackstone

UK's Warehouse REIT has accepted a 485.2-million-pound ($661-million) takeover bid from Tritax Big Box REIT. This is a departure from the previous agreement with Blackstone, which was...

Transport Infrastructure
Jun 25, 2025

Verizon secures private 5G contract with UK's Thames Freeport

Verizon Business announced on Wednesday that it has been awarded a contract for the construction of multiple private 5G networks in Thames Freeport, Britain's largest shipping and...

North America
Jun 24, 2025

Judge prevents Trump administration from withholding funding for EV charger infrastructure

On Tuesday, a U.S. court temporarily prevented President Donald Trump from withholding funds that were awarded to 14 States for the installation of electric vehicle chargers. U.S....

Logistics
Jun 24, 2025

FedEx's profit forecast is below analyst target; shares fall 5% after-hours

FedEx's forecast for the current period fell short of the analysts' expectations, sending the shares down by more than 5% after-hours. According to LSEG data, the Memphis-based...

Logistics
Jun 24, 2025

FedEx Cost Cuts boost Quarterly Profit Above Wall Street Target

FedEx posted a better-than expected quarterly profit after cost reductions and increased export volumes drove operating margins up. The company signaled caution with a forecast that fell...

Logistics
Jun 24, 2025

Wall St closes sharply higher as Middle East tensions ease

U.S. stock prices rose more than 1% Tuesday, as investors welcomed the fragile truce between Israel and Iran. They also listened to Federal Reserve Chair Jerome Powell’s...

Passenger Transportation Services
Jun 24, 2025

Spirit Airlines urges US not to accept JetBlue and United partnership

Spirit Airlines urged Tuesday the Transportation Department not to approve a JetBlue Airways-United Airlines partnership. Spirit Airlines said that it would be anticompetitive, and encourage other large...

Passenger Transportation Services
Jun 24, 2025

Black box of crashed Air India Jet still in India: ANI

The black box from the Air India plane that crashed in India, killing 271 people, is still there and being examined by an aircraft accident investigation team,...

Passenger Transportation Services
Jun 24, 2025

Senate Democrats reject Trump's nominee for head of Federal Aviation Administration

The Senate committee that oversees aviation, which is composed of senior Democrats, said on Tuesday that they would oppose the nomination to the Federal Aviation Administration of...

Transport Infrastructure
Jun 24, 2025

US envoy plays down Africa tariff, visa concerns, reaffirms Lobito rail commitment

The top U.S. Diplomat for Africa dismissed Tuesday allegations of unfair U.S. Trade Practices and said that delays in funding would not derail an important railway project...

Passenger Transportation Services
Jun 24, 2025

Official: 400 passengers left Israel via US-assisted flights

A senior State Department official stated on Tuesday that the United States had helped around 400 U.S. Citizens and others fly out of Israel amid conflict with...

Passenger Transportation Services
Jun 24, 2025

US safety board criticizes Boeing and FAA for 737 MAX panel blowout

Officials said that a U.S. National Transportation Safety Board (NTSB) investigation found that Boeing's ineffective actions and the Federal Aviation Administration's ineffective oversight led to a midair...

Passenger Transportation Services
Jun 24, 2025

El Al increases flights to bring back stranded passengers following the Iran-Israel ceasefire

El Al Israel Airlines has announced that it is working to organize an airlift for tens and thousands of passengers who have been stranded in Israel due...