Air Transport Services Group expects 5% dip in usage of cargo aircraft in 2023
Air Transport Services Group (ATSG), a freighter leasing and airline services company best known for operating dozens of cargo jets for Amazon, said it expects slower growth this year after generating record revenue in 2022, because weaker economic conditions mean there is less need for its aircraft.
It will also be a big year for investment in new aircraft as management bets on the air cargo industry long-term upside, which could increase debt leverage.
Dole operations briefly paused after ransomware hit
Dole was recently hit by ransomware, the company said Wednesday, but the incident had a limited impact on its operations. The company released the statement following a CNN report saying Dole had to temporarily shut down food production plants in North America and suspend food shipments to grocers, citing a company memo sent to grocery stores.
In the statement, Dole said it quickly moved to contain the threat and brought in third-party cybersecurity experts to help Dole’s internal team remediate the issue and secure the company’s systems. Dole notified law enforcement and is cooperating with the investigation into the ransomware incident.
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Carmakers flocking to mining events amid the scramble for battery metals
Top automakers including Tesla, General Motors, and Ford are heading out on the mining conference circuit as soaring demand for metals used in electric vehicles ignites a scramble to lock in long-term supplies.
Those major U.S. firms, along with Rivian Automotive Inc. and European counterparts Stellantis N.V., Mercedes-Benz Group AG, and Jaguar Land Rover Automotive, will be mingling with the crowds of mining industry executives attending a major metals conference in Florida in early March.
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