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.
The European Union has submitted a proposal for consideration at next month’s Marine Environment Protection Committee meeting at the IMO that will bring consistency to reporting on the use of low sulphur fuels encouraging shipping companies to comply with the new regulation.
Brexit should reach a temporary resolution this week with an extension to Article 50 following the approval of the Cooper/Letwin bill that limits the Government’s ability to withdraw from the EU without a deal.
European Commission President Jean-Claude Junker has ruled another short extension and Yvette Cooper’s new legislation have torpedoed Theresa May’s strategy for a rapid, pre-European election Brexit.
The European Parliament has voted in favor of removing the daylight saving time across Europe, which is expected to come into effect by autumn 2021.
Prime Minister Theresa May has shoved Britain closer to a no deal Brexit by asking for a short extension to Article 50 leaving time for her deal or no deal as the only options. A move described as “downright reckless” by one of her own MPs.
Britain’s Prime Minister Theresa May is reportedly writing to the European Union asking for an extension to Article 50 of up to two years. And she plans to return to Parliament again next week for a vote on her deal.
Chaos in the United Kingdom following this week’s voting in Parliament has seen sentiment shift from despondency, to anger and finally utter confusion as politicians complicate Brexit.
UK Prime Minister Theresa May’s Withdrawal Agreement will go to a Parliamentary vote again today with the expectation of another heavy defeat for the Government.
Brexit-Day in the United Kingdom is approaching with this week billed as a critical week in the process. Prime Minister Theresa May is battleing to save her deal and could fly to Strasbourg for more talks with the European Commission ahead of tomorow’s vote.
Competiton regulations prevent container shipping lines discussing individual cargo owners between themselves, but this regulation may prevent the lines from warning each other about the potential dangers of a cargo. Its time for a change in the rules some say.
The European Competition Commissioner rejected the proposed merger of Alstom and Siemens’ rail businesses on the grounds that it would damage the market. But the German Government wants to change European competition law in a bid to create companies that are European champions.
