CNN reports:
Hertz filed for bankruptcy Friday night, the latest victim of the sudden economic downturn sparked by the Covid-19 pandemic.
The company has been renting cars since 1918, when it set up shop with a dozen Ford Model Ts, …

REUTERS reports:
LONDON (Reuters) – BP (BP.L) is more than halving the size of its senior management team as part of Chief Executive Bernard Looney’s drive to make the 111-year-old oil company more nimble as it prepares for the shift …

It might not be precisely what Lufthansa was looking for, but the carrier appears to have reached a deal with the German government for a €9bn bailout package.
Expected to be signed today, the deal will result in the government …

There has been a significant spike in carrier short-term container rate quotes from Asia to North Europe this week, as rollovers become the norm.
According to eeSea data, ocean carriers on the route have withdrawn 28% of their headhaul sailings …

Busy today, gone tomorrow: Delta’s chief cargo workhorse is on its way out of the US airline’s fleet.
Some of the US airline’s 777-200s are currently busy moving cargo across the Pacific, but their time in Delta livery will end …

South-east Asia’s e-commerce logistics players are experiencing “huge” demand amid the coronavirus pandemic, while lockdowns present new operational challenges for last-mile supply chains.
According to Khanh Nguyen, Vietnam chief operating officer of last-mile logistics startup Ninja Van, online sales growth …

The most entertaining side, if there is one at all these days, of this rather dramatic Covid-19 pandemic era?
Well, the container shipping masterminds are on a roll, often disagreeing: on corporate strategy (vertical integration, or the lack thereof); funding …