Dry bulk’s supply/demand balance will weaken in 2025 and 2026 due to the U.S.-China tariff tit-for-tats, according to international shipping association BIMCO.
Tariff increases are expected to directly affect 4 percent of dry bulk tonne-mile demand, as shipments to the U.S. may stagnate or decrease. China, on the contrary, is expected to increase purchases of dry bulk cargoes from other countries, leading the U.S. to seek alternative markets.
“Since our ...
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The U.S. freight market slowed in March after a robust February, but data for the first quarter of 2025 suggested a turnaround was underway, the American Trucking Associations said April 23 in a Transport Topics report.
Truck freight tonnage in March decreased 1.5 percent after rising 2.8 percent in February, ATA’s ...
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CSX Corp. announced its latest group of high-ranking rail-served properties to receive CSX Select Site designation under the industrial development program.
Eighteen sites across 12 states have earned a gold, silver, or bronze rating based on an evaluation of a wide range of site characteristics.
CSX said it has worked with more ...
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Class-I railroad CSX Corp said April 30 it has secured ratification of new five-year collective bargaining agreements with the Brotherhood of Railroad Signalmen, or BRS, and the International Brotherhood of Boilermakers, Iron Ship Builders, Forgers & Helpers, or IBB.
“Ratifying these agreements reflects the trust we’ve built with union leadership and ...
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Drewry Supply Chain Advisors, the ocean freight cost benchmarking and procurement support division of Drewry Shipping Consultants, said it is significantly expanding lane coverage within its flagship spot market ocean freight rate benchmarking service, Container Freight Rate Insight, or CFRI.
The London-based maritime research and consultancy said 18 months of data ...
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GEODIS said it has signed a cooperation agreement with DOLFINES to develop and market a port-based version of a high-capacity lifting device dedicated to floating offshore wind projects.
Through its subsidiary Sealogis, GEODIS will support DOLFINES – an engineering company specializing in energy industry solutions – in adapting and industrialization of ...
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Retail sales in March snapped a two-month series of declines, but those gains were moderate, as consumers continued to anguish over rising tariffs, according to the CNBC/NRF Retail Monitor, the National Retail Federation said April 14.
The improved spending “came before the president’s ‘Liberation Day’ tariff announcement,” said Matthew Shay, NRF ...
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TT Club, the international freight transport insurer, is raising awareness the increasing prevalence of credit fraud over the last 12 months.
Fraudulent strategies can be extremely lucrative for international criminals and the global supply chain is typically low-risk due to the remote nature of the actual physical theft of goods.
“Credit fraud ...
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The Port of Long Beach has been the busiest port in the U.S. the last six months, as imports surged ahead of anticipated tariffs.
Dockworkers and terminal operators moved 817,457 twenty-foot equivalent units last month, or TEUs, up 25 percent from March 2024. Imports grew 25.8 percent to 380,562 TEUs and ...
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C.H. Robinson has performed more than 3 million shipping tasks with its fleet of generative artificial intelligence agents, proprietary tech tools the global logistics provider has built to automate steps across the lifecycle of a shipment and reduce customers’ speed-to-market from hours to seconds.
“That’s 3 million manual tasks our people ...
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