Total Transportation Services has completed its acquisition of SalSon Logistics, a Newark, NJ-based port-to-shelf logistics provider currently servicing some of the nation’s largest retailers.
* Markets down in aftermath of Fed's latest rate move. * Darden Restaurants (DRI) falls on downbeat quarterly sales. * Airlines fall; JetBlue (JBLU) at lowest since March 2020. * Indexes down: Dow 0.09%, S&P 0.61%, Nasdaq 1.22% By Devik Jain and David French.
Qatar Airways Chief Executive Akbar Al Baker said on Wednesday that the aviation tourism industry was vulnerable if current economic conditions continued. Al Baker was speaking at a conference in Doha organised by the International Air Transport Association.
Aircraft lessor SMBC Aviation Capital said on Tuesday it will start offering its airline customers carbon credits aligned to the United Nations' Sustainable Development Goal in leasing contracts. Chief Executive Peter Barrett said that in a "hard to abate sector", carbon offsetting was an interim measure to lower its impact on greenhouse gas emissions.
* Futures slide: Dow 0.84%, S&P 0.97%, Nasdaq 1.20% U.S. stock index futures slipped on Friday, extending falls from overnight, after logistics industry bellwether FedEx withdrew its financial forecast and recession warnings from the World Bank and the International Monetary Fund.
Airbus Helicopters expects new orders and deliveries to keep growing this year, its chief executive told Reuters, as a scramble for new energy supplies and higher military spending accelerate a recovery in the long-sluggish rotary-wing sector. Cushioned by critical public services, helicopter demand suffered less of a battering from COVID-19 than the grounded airline industry.
Airbus Helicopters expects new orders and deliveries to keep growing this year, its chief executive told Reuters, as a scramble for new energy supplies and higher military spending accelerate a recovery in the long-sluggish rotary-wing sector. Cushioned by critical public services, helicopter demand suffered less of a battering from COVID-19 than the grounded airline industry.
Taiwan's President Tsai Ing-wen warned the semiconductor industry faces new and "volatile" challenges, but said her government will work with the sector to overcome them. Taiwan is home to the world's largest contract chipmaker, TSMC, and is a major producer of semiconductors used in everything from washing machines and cellphones to data centres and fighter jets.
Taiwan's President Tsai Ing-wen warned the semiconductor industry faces new and "volatile" challenges, but said her government will work with the sector to overcome them. Taiwan is home to the world's largest contract chipmaker, TSMC, and is a major producer of semiconductors used in everything from washing machines and cellphones to data centres and fighter jets.
Detroit Future mobility concepts are being driven by the major trends of electrification and software, but also by new approaches to collaboration across the industry. Our portfolio spans across many domains of the vehicle, including system-level and software-specific expertise, said Paul Thomas, executive vice president of Mobility Solutions, Americas.
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