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Neal Kedzie, president of the Wisconsin Motor Carriers Association, said activity started to slow at the end of 2018. Brokers had been connecting trucking companies known as carriers with requests from those who needed to haul freight. Now, though, carriers are starting to reach out to brokers to find loads. “Carriers are having to do more searching on their own versus the brokers, who (before) had so much to deliver that they couldn’t find enough trucks,” Kedzie said. Northeast shipments were strong last year, U.S. Bank said, but state officials in Maine, Connecticut and Rhode Island all told Reuters that early 2019 has been weaker.

A year ago, Larry Hobson was driving 14 hours a day hauling refrigerated food from Tennessee to New England, Now he is working eight or nine hours a day, and his paycheck has dropped by about $1,000 a week because of the decrease, “I am a lot less busy,” he said at a service center in Darien, Connecticut, Spot total rates for freight have slumped as well, averaging $1.85 per mile in March, according to DAT Solutions, a freight exchange company, crystal stud cufflinks That’s the lowest seasonally since 2017..

That weakness is starting to show up in company results. In mid-March, Chattanooga, Tennessee-based Covenant Transportation Group Inc warned of weak first-quarter results, saying average freight revenue per tractor was down 5 percent in early 2019 from the year-ago period, with average miles down more than 11 percent. “The truckload freight environment has been weaker this year from late January through mid-March,” CEO David Parker said in a statement last month. Covenant shares are down more than 20 percent in the last six months.

(This April 16 story refiles to fix typo in paragraph 7), By Alexander Cornwell and Hadeel Al Sayegh, DUBAI (Reuters) - Etihad Airways Group Chief Financial Officer crystal stud cufflinks Mark Powers has stepped down after roughly a year in the job as the Abu Dhabi state-owned carrier overhauls its business after years of heavy losses, Powers, who joined in January 2018, resigned for personal reasons and has decided to return to the United States, Etihad said in a statement confirming an earlier Reuters report, He has been replaced in the interim by senior Etihad finance executive Adam Boukadida, the airline said on Tuesday, Etihad said it was searching for a permanent replacement..

Etihad did not say when Powers left the airline. Boukadida has served as interim Group CFO since March, according to his LinkedIn profile. Powers was hired as the airline embarked on a five-year turnaround plan after a strategy of buying stakes in other airlines collapsed, contributing to billions of dollars in losses. Group Chief Executive Tony Douglas said in 2018 Powers would “play a pivotal role in helping to guide Etihad onto the next stage of its development”. Etihad reported a $1.28 billion loss for 2018, down from a $1.52 billion loss in 2017. It has lost $4.75 billion since 2016.

Powers, a former JetBlue CFO, was hired by Etihad following a major shake-up of management that included the departure of long-serving Group CEO James Hogan and Group CFO James Rigney, The airline, which launched a five-year turnaround strategy in 2017, trimmed its ambitions and started reorganizing as a mid-sized carrier focused on point-to-point traffic in 2018, This year, it canceled dozens of Airbus and Boeing aircraft orders worth tens of billions of dollars, Powers headed the finances of Etihad Aviation Group (EAG) crystal stud cufflinks which oversees Etihad Airways, engineering, airport, travel services units, and its investments in other carriers..

HONG KONG (Reuters) - CWT International Ltd, a unit of China’s indebted HNA Group Co Ltd, said on Tuesday it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral. CWT, in a filing to the Hong Kong stock exchange, said it has not paid accrued interest and fees worth HK$63 million to lenders, who will take possession of the assets if the amount due is not paid by 9 AM (0100 GMT) on Wednesday. Among assets pledged is wholly owned CWT Pte Ltd, a holding firm for HNA’s commodity marketing, engineering, finance and logistics services. Other assets pledged include properties in Britain and the United States and golf courses in China.

One property, 17 Columbus Courtyard in London’s Canary Wharf development - with tenants including Credit Suisse Group AG - was bought in July 2016 for 131 million pounds ($172 million), In 2018, it was on sale with a value of HK$1.3 billion ($166 million), CWT International, which operates in 90 countries, also owns a portfolio of golf courses in the U.S, city of Seattle, stock exchange filings showed, Aviation-to-financial services conglomerate HNA bought the Singapore-based firm for $1 billion in December 2017 via wholly owned subsidiary HNA Belt and Road Investments Singapore, It crystal stud cufflinks then merged the firm with one of its Hong Kong-listed units and named the resulting entity CWT International..



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