Good economic news! The Americans, true to stereotype, have sustained their shopping habits, despite higher taxes and federal spending cuts. Retail sales rose 0.1% in April, and both February and March sales have been revised upwards as consumers dipped into their savings. It looks as if the economy grew 2.9% in the first quarter. Meanwhile across the pond: in the UK outgoing Bank of England governor Mervyn King reckons a UK recovery is now in sight. It won’t be rapid, he said, but there is a “welcome change”. And while we’re on the good news items, Japan’s economy has expanded at its quickest pace in a year. A vote for Abenomics?
WestJet will 'disrupt' Canada with three 737Fs, but rivals aren't scared
West coast ports suffering as US container imports plunge by 37%
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
The 'mother of all BAFs' looms for shippers as green targets advance
First shipper uses new land-air corridor ex-India for Bangladesh exports
Carriers turn their gaze back to scrubbers as voyage results tumble
Maersk idles more ships while NOOs see a rebound in demand
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
CMA CGM eyes car-carrier market boom as liners are ready to invest
DSV buys in Arizona to boost services and cross-border LatAm trade
Shippers advised to give strike-hit port of Hamburg a miss
The parcel empires strike back as smaller players take stock