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Category Archives: News

Iranian General Threatens to Shut Down Straits of Hormuz

An Iranian general threatened to close the strategic Straits of Hormuz if the United States “makes a small mistake,” echoing a threat made two months ago by the deputy commander of Iran’s Islamic Revolutionary Guard Corps (IRGC), Iranian media reported on Tuesday.

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U.S. Consumer Sentiment Falls on Dimmer View of Economy

Consumer confidence slid in July from the prior month on dimmer views of the U.S. economy’s prospects and lingering concerns among higher-income earners about global market conditions.

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Air Transport: Cuban cargo decisions

Earlier this year, FedEx outlined the importance of air cargo routes between the United States and Cuba in submitted documents to the U.S. Department of Transportation. As part of America’s expanding relationship with Cuba, DOT recently asked for carriers to propose flights in and out of cities on the island nation. When a final list of approved domestic carriers was released, it became obvious that FedEx’s pleas fell on deaf ears. In early July, DOT proposed that Delta, American and United receive the all-clear to start flights into Havana later this year. Southwest, Alaska, JetBlue, Frontier and Spirit Airlines also received tentative approval to begin routing to the island nation. In all, 12 airlines submitted applications for 60 daily flights to Havana. DOT has only made 20 spots available each day.

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Panama Canal spat continues

The Panama Canal Authority has disputed widespread reports that three ships have run into difficulties while transiting the expanded waterway within the first month of opening.

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Can London’s mayor break the airport expansion logjam?

London’s new mayor, Sadiq Khan, who took office in May, has dropped his predecessor’s objections and approved the expansion of London City Airport. The airport has been granted planning permission for its $451.3 million expansion, allowing it to increase passenger traffic from 4.3 million to 6.5 million by 2025. While this project does not involve cargo, it could have an effect on the years-long, deadlocked debate about whether to expand cargo and passenger capacity at either London Heathrow or Gatwick airports – both much larger airfreight hubs in the U.K. market.

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The Post-Brexit Blues

Although world stock markets have recovered, the British Pound has not, and trades at 30-31 year lows. The respected Theresa May is now Prime Minister, however her citing past takeovers of various pharma, and Cadbury (by US’s Kraft), by foreign buyers she would have blocked is worrying. Economically, the medium – long term economic outlooks are pessimistic.

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Tesla’s Electric Commercial Truck Plan Expected to Cost Up to $3 Billion

Elon Musk's latest “master plan” for Tesla Motors Inc. to develop an electric commercial truck, a public bus, a pickup and systems to enable fully autonomous driving could cost $2 billion to $3 billion or more, experts and analysts said July 21.

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Are millennials increasing risk for your business?

Much is said of trucking's workforce struggles not only in hiring and holding onto good workers but bringing on young ones, with the median ages of truck transportation and bus service workers about five and nine years higher, respectively, than the current median worker's age of 42 across all industries. Even as you're trying to attract Millennials and younger professionals, could these workers be increasing security risks for your business? The Society for Human Resource Management has been raising this point recently in examining worker tendencies. The concept makes rational sense: young professionals have grown up with smartphones and other Internet-connected devices in their hands and apps running more and more things in their lives, from email to “wallet” finances/payment management to shopping and travel.

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UK airport gains expansion approval, but it’s not Gatwick or Heathrow

A London airport has finally been given government approval for expansion, but the airport in question is London City and not Gatwick or Heathrow that have been battling to expand. The government today announced the go-ahead for a £344m expansion at London City Airport that includes a new terminal, new aircraft taxiway and parking spaces for aircraft. The development will also allow the airport to handle larger aircraft.

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Safeguarding Africa’s seaports to safeguard its economies

Seaports play a crucial role in all economies reliant on export and import, especially in African states where maritime transport is the primary form of access to the international market. Despite their strategic importance, many African ports are easily accessible to criminals and susceptible to various threats. Africa’s ports are the most likely points for stowaways to embark; and – after ports in Southeast Asia – are the most prone to piracy and armed robbery. Africa’s ports also remain key points in drug trafficking and theft of goods.

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