Consumers face an overall average effective tariff rate of 27 percent, the highest since 1903 and, despite the 90-day pause, trade tariffs still feel like a constantly moving picture with a huge amount of uncertainty around what could happen next.
“There seems to be more common acknowledgement that nobody expects this to be short lived, and the longer it drags on, the more inflationary the pressure will be,” said Patrik Berglund, ...
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Central Florida’s Port Canaveral said it is investing more than US$500 million in landside and waterside improvements as part of its comprehensive Port Canaveral Advantage plan to expand capacity and capabilities across all aspects of its business operations.
"Port Canaveral has been a driving force for the Central Florida economy for ...
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The 17th edition of the One World’s Market Sentiment Index, or MSI, for the multipurpose and breakbulk industry, shows further slippage in sentiment from 54.3 in the last edition to 53.3 in this edition but still above 50 which marks the point between generally positive and negative sentiment.
In recent weeks ...
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Tariffs imposed by President Donald Trump have not yet led the U.S. into a recession, but worries over the economy are widespread and growing despite continued job and income gains, National Retail Federation Chief Economist Jack Kleinhenz said May 7.
“The possibility of a U.S. recession in the near future has ...
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The British International Freight Association, or BIFA, has launched a cargo community advisory body to undertake activities previously covered by the CCSUK User Group.
The advisory body will initially focus on the impact of the planned massive redevelopment of Heathrow Airport’s cargo village and the associated freight management systems.
“Whilst we wait ...
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According to a report from market research provider Transport intelligence (Ti), the global e-commerce logistics and fulfillment market is forecast to grow 15.5 percent in 2025.
CEO Simon Wong said U-Freight Group, the Hong Kong-based international freight forwarding and logistics group, is ready to meet the ever-increasing challenges of providing logistics ...
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Trans Global Projects said Michael Andrews has returned to TGP as business development director, an international role based at TGP’s new headquarters in Sevenoaks, UK.
Andrews brings more than 37 years of extensive experience in project logistics and business development. His career spans several decades and continents, most recently with Kuehne ...
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The severe downturn in U.S. imports following Trump’s 145 percent tariffs against China and similar exorbitant rates across the Pacific Rim and the world has been no surprise for the nation’s port officials.
“It’s not a surprise to us. We knew what the impact of the tariffs were going to ...
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Fracht North America has made three C-level appointments to key executive positions for the logistics and freight forwarding service provider.
Neville Darlaston, who has been with Fracht USA, has been named chief operating officer-general cargo, based in Houston.
Jerry Campanucci has been promoted to chief commercial officer-general cargo, Fracht USA. He joined ...
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U.S. consumer confidence slumped for a fifth-month to a 13-year low, a level not seen since the onset of the Covid-19 pandemic, as anxiety over the impact of tariffs takes a heavy toll, the Associated Press reported.
The non-partisan think tank Conference Board said April 29 that its consumer confidence index ...
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