Publicly traded cargo airline Atlas Air said Tuesday the Department of Transportation has signed off on its sale to private investors and that it expects to finalize the deal Friday. A private equity consortium led by Apollo Global Management (NYSE: APO) agreed in early August to buy Atlas Air Worldwide Holdings (NASDAQ: AAWW) for $5.2…
HOUSTON — The new CEO of hydrogen fuel cell maker Hyzon didn’t sound like a man running a company whose future is in doubt. In an interview with FreightWaves at the CERAWeek by S&P Global conference here, Parker Meeks deferred questions about current issues Hyzon (NASDAQ: HYZN) is facing over its low stock price and…
“Walkout Wednesday” is the latest coordinated labor strike in the United Kingdom and both sides are using inflation as the reason for their respective defenses. On the labor side, the wage increase offer is not enough to offset the inflationary pressures impacting its pocketbooks. On the employer side, it doesn’t want to increase wages any…
Despite the headwinds of inflation, rising interest rates and high warehouse inventories, the Georgia Ports Authority said it had its second-busiest February ever. February container volumes totaled nearly 395,000 twenty-foot equivalent units, down from 460,400 TEUs in February 2022 but still 30,400 TEUs higher than pre-pandemic February 2020, GPA said Tuesday. However, February’s volumes of…
Mexico’s truck production and exports saw notable increases in February, helped by continued demand from the U.S. and nearshoring-related relocations, officials said. The 10 truck makers in Mexico that are members of ANPACT manufactured a total of 16,912 units in February, an 18% year-over-year (y/y) increase compared with 2022. Exports of trucks increased 13% y/y…