Danish shipping giant Maersk posted better-than-expected first quarter operating profit but warned that the ongoing tariff trade war between China and the U.S. could stunt global container volumes.
Maersk said first quarter earnings before interest, tax, depreciation and amortization, or EBITDA, of US$2.71 billion for the 2025 first quarter, 70 percent better than the US$1.59 billion in the first quarter 2024. Revenue grew 7.8 percent to US$13.3 billion.
Maersk is maintaining its ...
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Chicago-based logistics solutions provider Loadsmart said Geoff Kelley has joined the company as COO and will oversee its brokerage, 4PL and managed transportation services.
Kelley was president of Nolan Transportation Group (NTG) and Transportation Insight (TI), where he helped lead the company through a period of aggressive growth and tech transformation ...
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April U.S. container imports increased 1.2 percent over March and 9.1 percent compared to the same month last year, surpassing 2.41 million TEUs for the second time in 2025, despite the current chaotic trade environment, according to Descartes Systems Group’s May Global Shipping Report.
Year-over-year, April volumes were 25.6 percent above ...
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BIMCO, the world’s largest shipping association, elected Fednav President and CEO Paul Pathy as the organization’s 47th president at its May 14 general meeting in Copenhagen.
Pathy, also the first BIMCO president from the Americas, succeeds Nikolaus H. Schües who is finishing his two-year term and will serve two more years ...
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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 ...
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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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