Paccar Inc. is taking a $600 million pretax charge against first-quarter earnings from settlements in a 2016 European price-fixing scandal.
The proposed law could have widespread ramifications across the European Union –– and maybe even across the pond.
The European Commission has released its Sustainable and Smart Mobility Strategy. Massive investments and infrastructure are needed to meet the EU Commission’s sustainability milestones.
Airlines are leaning heavily on governments for support until they can get back on their feet once the COVID crisis subsides. Next up: KLM.
It’s a turbulent period in Europe for the aviation industry. Regional travel is reopening in the EU, but the UK has tightened travel restrictions and airlines are struggling to stay in business without government assistance.
Lufthansa and Germany have agreed on a rescue plan for the airline, but the European Union wants to take a pound of flesh from the German carrier before allowing the deal to go through.
European Commission scrutinizing financial incentives from South Korean government
“Vessel-sharing is the backbone of the global liner shipping network,” John Butler, the World Shipping Council’s president and CEO, said.
The Chinese government is using the reason “Acts of God” to void many contracts due to coronavirus. Darren Prokop explores whether that is hurting current trade and will impact trade in the future.
The companies that control the bulk of ocean cargo opearte under different rules than most companies. Read Darren Prokop’s explanation of why that is…
The European Green Deal is looking to shift 75% of EU freight traffic from road to rail and reduce greenhouse gas emissions by 90% by 2050.
German-based chemical company BASF has reportedly planned to build a cathode factory in the state of Brandenburg, Germany, catering materials for electric car battery production.
The Global Shippers Forum says the views of exporters and importers have been ignored by European regulators extending antitrust protection to liner carriers.
Shippers believe container line consortia are anti-competitive and lack transparency.
The European Commission believes that container shipping lines need consortia to make “operations more financially viable and efficient.”
Transported Asset Protection Association (TAPA) is looking to align its Parking Security Requirements (PSR) industry standard with the European Commission’s new truck safety at parking spots programme to quicken the pace of security offered for trucks at parking areas.
The European Automobile Manufacturers’ Association explained its goals towards the future, which involve the creation of a comprehensive plan to enable zero-emission mobility across Europe.
A no deal Brexit or remain are still on the cards in Britain as European elections polarise the electorate further.
Every five years the European Union hold elections for its Parliament and appoints new commissioners. Before each new commission the heads of government hold a key summit at which they set the investment priorities for the next cycle. This year that summit takes place in Sibu, Romania on 9 May.
Shippers and freight forwarders believe that they can reduce costs and emissions, fighting waste and climate change at the same time, putting them in the same movement as climate activists.
