Drewry's World Container Index, or WCI, declined 1 percent to US$2,499 per 40-foot container the week of July 31, and continued to stabilize after a volatile period.
The unpredictability began, Drewry said, after U.S. tariffs were announced in April, which caused rates to surge from May through early June. Subsequently, the market saw a heavy decline until mid-July, after which the downward trend lost momentum and the rate of decrease slowed ...
[+]
C.H. Robinson reported a better-than-expected second quarter net income of US$152.5 million, exceeding analyst consensus estimates.
Adjusted income from operations increased to US$220 million on US$4.1 billion in revenue. Adjusted gross profit was US$693 million.
“I’m proud of our team for embracing our new operating model and the discipline needed to improve ...
[+]
Global logistics service provider C.H. Robinson reported a surge in demand for its ACE Import Intelligence tool, a proprietary self-serve compliance platform that gives importers greater visibility and control over their customs data.
Originally developed three years ago with foresight into evolving trade conditions, the tool is proving to be an ...
[+]
Descartes Systems Group, a provider of on-demand, software-as-a-service logistics solutions, said Brazil’s Grupo Petrópolis is using its routing and fleet management solution to enhance its nationwide beverage distribution operations using about 2,900 vehicles.
The Descartes solution helped beermaker Grupo Petrópolis achieve a 98 percent on-time delivery rate while reducing overtime hours ...
[+]
Ocean Network Express, or ONE, has advanced its green strategy by implementing a ship recycling policy and joining the Ship Recycling Transparency Initiative, or SRTI, which promotes responsible practices and environmental stewardship.
Both moves align with ONE’s efforts to enhance transparency, promote ethical operations, and uphold high environmental standards throughout the ...
[+]
Though import cargo at major U.S. container ports were poised to rebound in July following a double-digit late spring plunge, a late summer swoon is expected once previously paused tariffs take effect Aug. 1, according to the National Retail Federation.
NRF’s Global Port Tracker, created with consultant Hackett Associates, projects June ...
[+]
International Transportation Service broke ground July 11 on a US$365 million terminal expansion project at the Port of Long Beach, aimed at developing more space to stack cargo containers and maximizing efficiency.
The project will fill an unused slip in the middle of Pier G Terminal, creating 19 acres of land ...
[+]
At 2025’s halfway point, it’s still anyone’s guess as to the impact new tariffs and government upheaval will have on the U.S. economy, admitted National Retail Federation Chief Economist Jack Kleinhenz July 8.
“This year began with high expectations for the strength of the U.S. economy,” Kleinhenz said, noting strong 2.8 ...
[+]
DHL Global Forwarding said Michael Young will assume the role CEO for the U.S. Aug. 1, replacing Robert Reiter, who will exit the company to move abroad and explore other professional opportunities.
Young, serving as CEO of DHL Global Forwarding UK & Ireland since 2016 and president of Global Motorsports, has ...
[+]
GEODIS said it has appointed Laura Ritchey as president and CEO of the global transport and logistics provider Americas region. She succeeds Mike Honious, who is retiring from the industry.
Ritchey will oversee the management and growth of the region’s multiple business units across North and South America, including contract logistics, ...
[+]
« Back
More »
