Spirit Airlines Prepares To Shutter Operations As Trump Rescue Deal Falls Apart

Putin's First Ever Visit To Japanese-Claimed Islands Provokes Outrage In Tokyo Russian President Vladimir Putin on Thursday made a provocative visit to the far-eastern Kuril islands for the first time ever. Japan immediately lodged a "strong" protest given it also has long claimed the territory, resulting in an avalanche of denunciatory headlines in Japanese press. Putin held a meeting there "on ensuring the security of Russia's eastern borders," state RIA Novosti said. Japanese Foreign Minister Toshimitsu Motegi shot back: "The Northern Territories are an inherent part of Japan's territory both historically and...

Dry Van Spot Rates Highest Since 2022 As Spring Tightens Capacity Submitted by FreightWaves, The freight market momentum is building at a rapid clip. National dry van spot rates — tracked via the SONAR National Truckload Index, the 7-day moving average of booked rates including fuel — have broken out to a new cycle high of $2.89 per mile. This represents the strongest level since 2022 and confirms the market’s shift toward carriers is gaining real traction. Even more telling: rates jumped $0.12 per mile in the past week alone. That’s a sharp...

Russia Buying Gasoline From India To Tackle Shortages Russia, whose refining capacity has come under significant strain in recent months, has started seaborne imports of gasoline from India (the same country it exports millions of barrels of oil to), Reuters reported citing industry ​sources, in an effort to mitigate fuel shortages triggered by ‌Ukrainian attacks on its energy infrastructure. Fuel shortages are being felt across Russia's 11 time zones with rationing, long queues at filling stations and a record gasoline price increase, as a result of relentless Ukraine strikes on the...