United Airlines Holdings Inc. faces potential disruption in one of its most lucrative overseas markets as 300 workers at London’s Heathrow airport begin voting in a strike ballot over pay.
The negotiations between dockworkers and employers are at a virtual standstill, with the sides locked down by local concerns and unable to move to contentious wage and automation issues.
Diesel futures in New York are trading in the widest backwardation for this time of year in data going back to 2008, meaning the product in storage is losing value each day.
The recently enacted Ocean Shipping Reform Act of 2022 gave the U.S. Federal Maritime Commission stronger oversight of how ocean carriers and marine terminals treat shippers. Now, FMC is being called on to wield some of that power.
Businesses today find themselves facing a wide range of economic and legal challenges, resulting in the inability of suppliers and buyers to meet contractual obligations.
President Joe Biden signed an executive order laying out a strategy to bolster domestic bio-manufacturing and reduce reliance on China for new medicines, chemicals and other products.
Swedish home-appliance manufacturer Electrolux is undertaking steep cost cuts that will target its supply chain and production following a warning of a sharp drop in demand.