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New York Times Business News - March 30,

These are the top stories from the business pages of the New York Times. These'stories' have not been verified and we cannot vouch for the accuracy of these stories. In an effort to ease the de facto blockade Washington imposed on Cuba, the United States has allowed a Russian oil tanker to arrive in Cuba. Jonathan Greenberger is the next global editor-in-chief of Politico. Tom Homan, Trump's top border official, said that Immigration and Customs Enforcement (ICE) agents may remain at U.S. Airports even after they are paid again. This is because the shutdown of Homeland Security has caused a...

Transport Infrastructure

Oman claims that no one has claimed responsibility for the attacks on its territory

Oman's Foreign Ministry?said Sunday that it?"condemns" attacks on its land, adn that no one has claimed responsibility. Authorities are investigating "sources and motivations" of the attacks, without giving any further details or naming a specific attack. Oman reported on Saturday that a worker had been injured in a drone attack at the Salalah port of the Gulf nation. Danish container shipping company Maersk later announced it temporarily halted operations?at the Salalah port?after the attack. Iranian media reported that Iran's Revolutionary Guards claimed on Saturday they had targeted a U.S. Support vessel "considerably" away from Salalah Port. The statement continued, "As...

Transport Infrastructure

Kuwait airport damaged by drones. Radar system damaged. No casualties reported

Kuwait 'International Airport 'was targeted by multiple drone attacks Saturday, causing significant damage to the radar system, but resulting in no injuries, according to state news agency KUNA, citing Kuwait Civil Aviation Authority. Later, the spokesperson for the authority said that the attacks were perpetrated by Iran and its proxies as well as the armed groups it supports. Kuwait's fire department, meanwhile said a??fire? that broke out??? in fuel tanks at an airport on Wednesday after a previous drone assault had been extinguished AFTER 58 CONSECUTIVE HOURS, KUNA reported??on Saturday?. Tehran launched strikes on Israel, as well as on Gulf...

Transport Infrastructure

Ford's US carrier arrives in Croatia to repair

The U.S. aircraft carriers Gerald R. Ford and the USS Enterprise, which were deployed to U.S.-Israeli missions against Iran, have anchored at Split, Croatia, for repairs and maintenance. On March 12, the 'Ford', the world's biggest carrier and newest ship, was supporting Operation Epic Fury in the Red Sea when a fire in its laundry room caused three injuries. A?U.S. Officials at the time confirmed that nearly 200 sailors were also treated for smoke-related issues. It took several hours to put out the fire, which affected 100 sleeping berths. The warship was deployed for nine months, and took part in...

Transport Infrastructure

FAA stops traffic at Washington airports due to odor

The Federal Aviation Administration (FAA) halted all traffic at three of the main airports in the Washington, DC area late on Friday night after an odor was detected by a Virginia air-traffic control facility. The FAA stated that the odor forced them to evacuate Potomac Consolidated Terminal RADAR - Approach Control TRACON which controls the airspace of numerous airports around the Washington region. Around 6:40 p.m.?EDT, the FAA announced ground stops at Reagan Washington National Airport and?Washington Dulles. Baltimore, and smaller airports located in Charlottesville, Richmond, and Charlottesville. The odor from the Warrenton facility, Virginia, has caused traffic to be...

Transport Infrastructure

DHS pays 50,000 airport workers in the US as part of emergency measures

The U.S. Homeland Security Department of the United States announced on Friday that it would take emergency measures to pay 50,000 airport security officers who had not been paid since mid-February. Work absences caused chaos and long security lines at?U.S. airports. "(The Transportation Security Administration has) immediately begun?the process?of paying its workforce. DHS stated that TSA officers could start receiving their paychecks as soon as Monday. On Thursday, President Donald Trump announced that he would pay TSA employees. He then issued a memorandum directing payments to be made on Friday. TSA announced earlier Friday that nearly 14% of airport security...

Transport Infrastructure

France shares the U.S. goal of reopening the Hormuz Strait with its foreign minister

Jean-Noel Barrot, France's Foreign Minister, said Friday that the U.S. Secretary of State Marco?Rubio?suggested Washington's goal was to destroy Iran’s ballistic capability and that Paris had the same objective of restoring freedom of navigation in the Strait of Hormuz. Barrot, speaking on the sidelines of the G7 in France, said: "I will not speak for Marco Rubio, but I will happily refer to his 'public statements,' which correspond to our conversations today about the stated U.S. objectives. These include the neutralization Iran's missile capabilities. Barrot responded that France shares the same goals as the U.S. regarding the Hormuz region and...

Transport Infrastructure

Ship data indicates that a Russian-origin tanker headed for Cuba has arrived in Venezuelan waters

LSEG's ship monitoring data on Friday showed that a tanker?carrying about?200,000 barrels originally bound for Cuba, has arrived in Venezuelan water. After being stuck in the Atlantic Ocean, the Hong Kong-flagged ship Sea Horse rerouted to Venezuela earlier this month after spending weeks there. This is a major blow for an oil-hungry?island which has experienced several blackouts during this month. The Sea Horse's stranding at sea and its sudden change of course to Venezuela were not clear. Cuban government oil imports are being blocked by the administration of U.S. president Donald Trump, who is increasingly restricting fuel supplies for Cuba's...

Transport Infrastructure

Sources: Novatek suspends operations in Ust-Luga after drone attack

Three market sources have confirmed that Russian energy company Novatek suspended 'gas condensate export loadings and naphtha processing at its Ust-Luga facility following drone attacks which caused a fire at the facility. Novatek's cuts to naphtha exports will have an impact on Asian markets. They already experienced a feedstock shortage last March when the U.S./Iran conflict disrupted Middle East fuel shipments. These attacks were one of the most intense drone strikes in Russia's western energy corridor. The Baltic ports Primorsk, Ust-Luga, and the surrounding area were repeatedly targeted by drone strikes. Explosions tore through terminal infrastructure and ignited storage tanks,...

Transport Infrastructure

Europeans press US on Russian support for Iran

The European powers accused Russia on Thursday of assisting Iran in targeting U.S. troops in the Middle East War and said that they would bring the matter up with the U.S. Secretary of State Marco Rubio during a G7 meeting of 'foreign' ministers in France. Rubio will attend the second day gathering of Western Democracies ministers. This is taking place in the midst of wars with Iran and Ukraine, uncertainty over the economy and growing unease about the unpredictable U.S. Foreign Policy under Donald Trump. Two Western security officials and a regional official near Tehran have confirmed that Russia provided...

Transport Infrastructure

Trump is weighing executive action to ease airport safety snags.

Sources said that if Congress fails to reach a deal to resolve the security staff shortages which have caused airports to be clogged, President Donald Trump may take 'executive action' to pay 50,000 airport'security officers. Homeland Security Department reported that nearly 500 airport security guards have quit since February's partial shutdown. A dispute between Congress and the Transportation Security Administration over funding has forced the Transportation Security Administration to work without pay. Two congressional sources confirmed that Trump was considering various actions to pay airport employees. However, it is unclear for how long he will be able pay TSA payrolls...

Transport Infrastructure

Italian tax police search multiple office in IT contract probe

Two sources who have direct knowledge of this matter confirmed that the Italian tax police had searched the offices of several state-linked organizations and 'companies as well as an executive's office in Rome, as part of an investigation into the public IT procurement contracts. Sources said that the investigation is an extension of the 2024 probe, which was launched into Sogei (the Treasury's IT firm) in order to investigate a alleged scheme of rigging IT procurement contracts by creating slush fund. The company, Polo Strategico Nazionale, manages cloud infrastructures for the public sector. Sources said that police had also entered...

Passenger Transportation Services

Passenger Transportation Services

Capital A names a new deputy CEO and explores dual listing in Hong Kong

Capital A Berhad, a Malaysian company, named a senior 'banker' as its deputy CEO on Monday. The group is looking to'scale up their?core business after separating its aviation division to its affiliate AirAsia X. Tony Fernandes, the founder and CEO of Capital A, said that Effendy, a former chief executive officer at Malaysia's CIMB Group who was previously in charge of consumer and digital banks, would help to spearhead Capital A's growth. This will include exploring a plan for listing?the company in Hong Kong before mid-year. He told a media conference that "we've appointed banks and this could possibly happen...

Passenger Transportation Services

Fuel price spikes threaten travel demand, causing airlines to face a dilemma regarding fares

The sudden rise in oil prices has forced global airlines to increase fares and reduce capacity. However, the industry's ability remain profitable depends on whether consumers decide to cut back on their flying because gasoline costs are threatening household budgets. The airline industry forecast'record profits' of $41 billion by 2026 before the U.S. - Israel conflict with Iran started last month. However, a doubling of jet?fuel costs has put that in doubt and forced carriers to rethink networks and strategies. United Airlines, Air New Zealand, and Scandinavian SAS all announced fare increases and capacity reductions. Others imposed fuel surcharges. Rigas...

Passenger Transportation Services

UN Aviation Agency limits the use of power banks on flights to two per passenger

As part of the new rules for using these 'devices in the air,' the United Nations Aviation Agency has announced that the use of portable, rechargeable battery packs, or power banks, will be limited to only two per passenger. The International Civil Aviation Organization (ICAO)?issued a?statement that passengers will be prohibited from charging their?power banks? during flights. After incidents such as the fire that occurred on Air Busan's plane in 2025, airlines like the Lufthansa Group and countries like South Korea have already introduced restrictions on power banks. Federal Aviation Administration was not immediately available for comment. The Federal Aviation...

Transportation

Logistics

Ground Freight & Logistics

The trucking industry is stuck in a slump for years because of the rising US diesel prices

U.S. 'diesel' prices have risen by 50% due to the U.S. - Israel war on Iran, which has delayed a much-needed turnaround in the trucking industry and squeezed?cash flows?and profits of independent big-rig operators. According to the American Automobile Association's data, the national average price for diesel fuel reached $5.38 a gallon on Saturday. This is up from $3.61 per gallon a year ago and not too far from the highest price recorded of $5.82 per gallon in June 2022. This was almost four months after Russia's invasion of Ukraine. California, home to the busiest container ports in the U.S.,...

Logistics

US Postal Service wants to temporarily increase prices by 8% in order to cover fuel costs

The U.S. The U.S. USPS needs the Postal Regulatory Commission's approval for this temporary price increase. The surcharge, it said, will be a "bridge" to a permanent mechanism that will reflect the market conditions for prices of competitive products. This comes as USPS warned they could run out money as early as October. The increase will not affect first-class stamps. USPS reported that FedEx and UPS have imposed fuel surcharges between 25% and 28% on ground and air delivery since the beginning of the 'Iran War. This is due to the sharp increase in oil prices, including a rise in...

Logistics

UPS pulls its latest driver buyout program in the central region states

The union reported that United Parcel Service informed the International Brotherhood of Teamsters on Tuesday of its decision to withdraw their latest "driver buyout" scheme in the central region states. The decision comes after the delivery giant announced that it would proceed with its plan to?offer $150,000 buyout packages for its drivers, after a federal judge rejected the union’s bid to stop?its workforce cutting program based on concerns about contract violations. Teamsters sued UPS on February 9 for its January 27 announcement that it would cut up to 30 000 jobs and close 24 facilities in order to move away...

Logistics

FedEx launches same day delivery service amid US Delivery Race

FedEx announced on Tuesday that it had launched a same-day delivery service in partnership with the last-mile software company OneRail. FedEx SameDay Local allows customers to choose from a variety of delivery options, such as two-hour and end-of-day windows. FedEx claims to link 'customers with a nationwide network of over?1,000 delivery providers via a system which matches orders and drivers. This?move is a result of?companies in the sector investing in faster fulfillment and a stronger last-mile network to meet increasing customer demand for quicker, more flexible deliveries. Amazon has expanded its fast delivery options earlier this month by launching one-hour...

Logistics

Air Canada jet crash shuts down LaGuardia Airport; Pilots killed and dozens injured

Authorities said that an Air Canada Express plane collided with fire truck as it landed?at New York’s LaGuardia Airport late Sunday night, killing the two pilots and injuring dozens. The airport was closed. Jazz Aviation (owned by Chorus Aviation) said that the Air Canada Express CRJ900 aircraft, operated by 'its regional partner Jazz Aviation', had departed Montreal with 72 passengers and 4 crew members. Jazz and Port Authority of New York & New Jersey confirmed the deaths of the pilot and his first officer. A partial government shutdown has caused delays, long security queues and increased safety concerns at airports...

Logistics

Costco customers seek refunds for Trump tariffs

Costco Wholesale has been sued in a nationwide class action on Wednesday, seeking refunds to U.S. 'customers for higher prices charged. A Costco shopper filed a lawsuit in federal court, Illinois, seeking a declaration that any refunds received by the company for tariffs paid under the International 'Emergency Economic powers Act (IEEPA) must be returned to the customers. The Supreme Court ruled that Trump overstepped his authority when he used the emergency powers act to impose tariffs on a large scale last year. The order has set up a sprawling litigation at the U.S. Court of International Trade where more...

Logistics

White House dismisses NTSB Board member after receiving reports of concern behavior

The White House announced on Monday that it had terminated Todd Inman, a member of the National Transportation Safety Board. This was after reports were received about his inappropriate behavior and failure to attend meetings. White?House spokesman Kush?Desai?said?Inman's removal from the NTSB was legal after receiving "highly concerning reports" of inappropriate alcohol consumption on the job. He also received reports of harassment of staff and misuse of government resources. Inman has categorically denied all allegations contained in the White House Statement. It has become increasingly apparent that this was a political hit-job. Inman stated that, "While not my original intention?...

Logistics

NTSB Board member Inman claims he was terminated by the White House

On 'Sunday, a Republican member of the U.S. National Transportation Safety Board claimed that he had been fired by the White House on Friday without explanation. Todd Inman was a former chief staffer to Transportation Secretary Elaine Chao in President Donald Trump's initial term. He had been a member of the NTSB from April 2024. Inman was the board member on the scene at the American Airlines collision with an Army helicopter near Reagan Washington National Airport in January 2025 that 'killed 67 persons and the November crash of the UPS cargo plane taking off from the Louisville, Kentucky airport...

Logistics

US Customs Agency says system for refunding tariffs will be available in 45 days

A customs official stated in a Friday court filing that the U.S. Customs Agency is preparing a system to refund tariffs imposed by President Donald Trump, which were ruled illegal. Brandon Lord, a Customs and Border Protection officer, made the declaration as government lawyers and a federal trade court met to try and hammer out an agreement for the return of $166 billion worth of tariff payments to 330,000 importers. Last month, the Supreme Court ruled that President Donald Trump's tariffs were unconstitutional. The Supreme Court, however, did not specify how tariffs collected should be refunded. This left'small importers' worried...

Logistics

DHL warns about delays but continues to accept Middle East Orders

DHL's chief executive said he would continue to accept delivery orders for the Middle East, but warned that there could be delays. Tobias Meyer, CEO of German logistics group DHL, said that the escalation in the U.S. - Iran war has an impact on the entire region. This includes deliveries to Israel, which are currently being sent via Cyprus. Meyer said that DHL is still committed to its Middle East?investment plan. He said that "these?are long term investments?and are of the opinion the region is still appealing." As the conflict enters its sixth day, logistics and shipping companies face increasing...

Logistics

DHL shares fall on cautious profit outlook

DHL's 2026 outlook is more cautious than analysts' expectations. A 'weak macroeconomic' backdrop weighs heavily on DHL's prospects. The shares of the German logistic group were down 3% at 0919 GMT, and ranked last on the blue-chip index of the country. DHL anticipates that its earnings will exceed 6.2 billion euro ($7.2 billion) this year. This is after it reported an operating profit for '2025 of 6.1 billion euro. According to a consensus provided by the company, EBIT was expected to be slightly lower than analysts' average expectations. Tobias Meyer, CEO of Tobias Meyer Group, said that there is "significant...

Logistics

DHL's operating profit will increase in 2026 despite a worsening geopolitical climate

DHL, the German logistics company, forecast on Thursday a "higher operating income for 2026" that was in line with market expectations despite deteriorating geopolitical conditions. The company expects earnings before interest and taxes to exceed 6.2 billion euros ($7.2 billion) after reporting 6.1 million euros last year. The free cash flow, excluding acquisitions, should be in the range of 3 billion euros. The company provided a consensus that showed both targets were in line with analysts' average predictions. Tobias Meyer, CEO of Tobias Meyer & Co. said that there is "significant geopolitical uncertainty and volatility out there" as was evident...