July 24th – July 30th
House sends Biden $52B boost for US semiconductor production
The House on Thursday approved a sweeping $280 billion legislative package aimed at keeping the U.S. competitive with China and easing a persistent shortage of computer chips that have bottlenecked production across industries.
More passenger routes help sustain IAG’s Q2 air cargo revenues
Cargo business tailed off during the second quarter at International Airlines Group, parent of British Airways and Iberia, in line with overall market softening due to inflation, pandemic lockdowns in China, the Ukraine invasion and airport congestion.
Container ship backlog grows again at the port of Savannah
A backup of container ships off one of the U.S. East Coast’s busiest ports has swelled to 40 vessels, reviving a bottleneck that had cleared earlier this year and raising fresh concerns over potential supply-chain disruptions during the critical peak shipping season.