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Chinese shipping companies are working with global partners to reduce their US exposure and explore more regional market opportunities, as the industry braces for the introduction of steep new US port fees in October. Washington plans to charge Chinese-linked vessels hefty fees to enter US ports as part of a drive to rein in China's globally dominant shipyards, and the controversial new levies are already driving deep changes in the shipping industry. “The container shipping industry is......

The airport certainly have the bright future, Minister Andrey Nikitin added...

The final declaration of the SCO summit in Tianjin emphasizes the necessity of utilizing the transit potential of SCO member states, and digitalization of logistics procedures...

Spirit Aviation Holdings Inc.'s second bankruptcy filing in a year signals that the low-cost carrier is finally facing up to the painful steps needed to ensure its survival....

The ground stop is expected to stay in effect until 0330 GMT and has a medium probability of an extensionAll SkyWest Airlines flights were grounded for 21 minutes on Friday night at the request of the airline, according to the US Federal Aviation Administration.A ground stop advisory was issued at 0149 GMT and canceled at 0210 GMT, according to the FAA. Continue reading......

Spirit Airlines has filed for bankruptcy again, despite a recent debt restructuring, aiming to reorganize routes and cut costs. The airline, led by CEO Dave Davis, assures continued operations while addressing financial challenges, including a dispute over Airbus planes. Increased competition and an inability to streamline costs after its initial bankruptcy have contributed to Spirit's current financial difficulties....

Spirit Airlines has filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization...

Michael Linenberg, Deutsche Bank Managing Director and Senior Airline Analyst, says low-cost carriers struggle because “there are too many seats” in the market. He tells Scarlet Fu and Bailey Lipschultz on “The Close” that the U.S. will see record travel volumes on Labor Day. (Source: Bloomberg)...

China eröffnet mit dem Arctic Express eine neue Handelsroute durch die Arktis nach Europa – und umgeht dabei Russland geschickt....

The troubled carrier last exited Chapter 11 in March. It said more could be done to stabilize the company with a second filing....

Spirit Airlines has filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization...

Low-cost carrier experiences dwindling cash and mounting losses as recovery further hit by Trump tariffs US no-frills pioneer Spirit Airlines filed for fresh chapter 11 bankruptcy protection on Friday, as dwindling cash and mounting losses derailed its turnaround efforts since emerging from a previous Chapter 11 reorganization in March.The carrier, recognizable by its bright yellow jets, has struggled to steady operations since emerging from its first bankruptcy in March. Flights, ticket sales, reservations and operations will continue, the airline said on Friday. Continue reading......

Spirit Aviation Holdings Inc. filed for bankruptcy for the second time in less than one year after its cash strapped airline failed to turn around its business....

Spirit Airlines filed for bankruptcy protection again, just months after the budget carrier came out of Chapter 11 protection earlier this year....

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Trump's removal of duty-free shipping for low-value packages from overseas will hit small and medium-sized businesses with steep trade war costs....

Die USA haben seit Freitag die Zollfreiheit für Warenimporte mit einem Wert unter 800 Dollar abgeschafft. Präsident Donald Trump hatte die Ausnahme zunächst für China aufgehoben - und Ende Juli auch das Ende der Zollfreiheit für Pakete aus aller Welt angeordnet....

Die USA schaffen die Zollfreigrenze für Paketsendungen mit einem Wert von unter 800 Dollar dauerhaft ab. Nach Aussagen von US-Regierungsvertretern müssen Postdienstleister ab Mitternacht (Ortszeit) für eine Übergangszeit von sechs Monaten je nach Herkunftsland eine Pauschalgebühr für Unternehmenssendungen zwischen 80 und 200 Dollar pro Paket zahlen. Nach Ablauf der Frist werde die US-Zollbehörde CBP auf alle weltweiten Paketeinfuhren die normalen Zollsätze erheben..

A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines this year. That's thanks to a decision by US President Donald Trump to end the tariff-free treatment of “de minimis” merchandise that had been in place for almost 90 years....