News Articles
UPS has retired its MD-11 aircraft fleet following a fatal accident.
UPS has retired its MD-11 fleet following a fatal crash and subsequent grounding, which constituted about 9% of its air capacity. The company plans to replace this aircraft with Boeing 767s over the n
Read MoreWD-40 is focusing on optimizing its distribution center to reduce delivery expenses.
WD-40 Company is reassessing its distribution center locations to reduce delivery costs, as part of an initiative that won't significantly affect capital expenses due to outsourcing to third-party log
Read MoreThe Federal Reserve maintains its primary interest rate, emphasizing indications of stability in the job market.
The Federal Reserve decided to maintain the main interest rate between 3.5% and 3.75%, despite two dissenting votes, citing strong economic growth and a stable unemployment rate. Chair Jerome Powell a
Read MoreMcCormick addresses a $50 million tariff impact by adjusting prices and implementing various strategies.
McCormick & Co. anticipates a gross tariff impact of approximately $50 million in 2026, following a challenging year dealing with tariff-related costs. The company plans to mitigate these impacts usin
Read MoreACS enlarges its Brisbane office in response to the growth of its business in Australia.
Air Charter Service has expanded its Australian operations by opening a larger office in Brisbane, just six months after launching its Perth location. This new office is over four times bigger than th
Read MoreHoneywell, Tata Projects, and SAF One collaborate to facilitate the production of sustainable aviation fuel (SAF).
Honeywell, Tata Projects, and SAF One have teamed up to boost Sustainable Aviation Fuel (SAF) production, starting in India and expanding globally. This partnership aims to position India as a key pla
Read MoreZipline has surpassed two million deliveries and is expanding its services to Houston and Phoenix.
Zipline has achieved over two million commercial deliveries and secured more than $600 million in funding, valuing the company at $7.6 billion as it prepares to expand to Houston and Phoenix in early
Read MorePayCargo details the upcoming stage of integrating payment-driven logistics.
PayCargo is advancing its platform in partnership with IBS Software to enhance digital transformation in the air cargo sector, highlighting the importance of payments in logistics. As supply chains be
Read MoreCPKC has announced that it has received acceptance from the TSX.
Canadian Pacific Kansas City (CPKC) has received approval from the Toronto Stock Exchange to renew its normal course issuer bid (2026 NCIB), allowing it to buy back up to 82,214,163 common shares, app
Read MoreFedEx improves trade connections for Türkiye.
Federal Express Corporation has launched five new weekly flights connecting the Asia Pacific region and the United States via Türkiye, enhancing its global air network and trade support. Utilizing B77
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