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The airfreight carrier of Saudi Arabia’s flag airline will begin dedicated weekly cargo flights to the New York City airport starting Sept. 4.
Terms of the six-year agreement were not disclosed, as the deal must still be reviewed by the union's joint executive council and ratified by over 4,000 pilots.
The freight division of Emirates will provide over 150 tons of belly-hold capacity each week between Mashad, Iran and Dubai, United Arab Emirates starting Sept. 1.
The U.S. Maritime Administration is trying to find maritime applications for zero emission hydrogen fuel cells, which have the potential to provide cleaner air and reduce costs for shippers.
The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
A deal for GE Capital Rail Services, which has assets valued at over $4 billion, could come by Labor Day, according to initial reports from Bloomberg Business.