Alaska Air Profit Forecast Signals Rebound From Max Woes April 19, 2024 Bloomberg Alaska shares gained 5% in New York after earlier rising as much as 7.1%, the most in more than two years.Read More
Bellwether Logistics Company J.B. Hunt Sees Dip in Profit, Revenue in Q1 2024 April 18, 2024 SupplyChainBrain The company posted a $127.5 million profit in the opening months of the year, down from nearly $200 million in Q1 of 2023.Read More
Boeing Sharply Criticized at Two Senate Committee Hearings April 18, 2024 SupplyChainBrain One witness said there was a disconnect between Boeing management's words about safety and what workers observe on the factory floor.Read More
Air Canada Staff Are Suspects in Heist of 6,600 Gold Bars April 18, 2024 Bloomberg In October, Brink’s sued Air Canada, accusing the country’s largest airline of “negligence and carelessness.” Air Canada rejected the allegations. Read More
Malaysia Air Looks to Lighten Plane Loads on Middle East Detour April 18, 2024 Bloomberg The Malaysian flag carrier will reroute flights to avoid airspace over parts of the Middle East, requiring more fuel and spurring the need to lighten its load. Read More
Biden Calls for Tripling of Tariffs on Chinese Steel and Aluminum April 17, 2024 SupplyChainBrain Biden criticized what he labeled "unfair Chinese trade practices," where below-market cost steel has flooded into the global shipbuilding market.Read More
COVID Pandemic Wiped 24.6M TEUs Off Container Market Growth April 17, 2024 SupplyChainBrain Without the pandemic, the global container market would have been 198.1 million TEUs in 2023. Instead, it was only 171.0 million TEUs, BIMCO said.Read More
Nissan Looks to Tesla’s Style of Carmaking to Build Cheaper EVs April 17, 2024 Bloomberg The carmaker will use machines with about 6,000 tons of force to make the rear floors of EVs to be sold from fiscal 2027 onward.Read More
U.S. Treasury Secretary Warns Iran of 'Economic Spillover' After Missile Attack April 17, 2024 SupplyChainBrain Secretary Yellen said she expects "additional sanctions" against Iran sometime in the coming days.Read More
Number of Boeing Workers Reporting Safety Concerns Skyrockets in 2024 April 16, 2024 SupplyChainBrain Boeing vice president Lisa Fahl says that the number of workers using the company's service to report safety concerns has risen by 500%.Read More