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 increased due to rising trade tensions and other economic factors, but it hasn’t happened yet,” Kleinhenz said. A set of ...
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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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Ryanair would consider cancelling planes it has on order from Boeing if U.S. tariffs materially affect the price and look at alternative suppliers, its CEO Michael O'Leary said May 1.
Ryanair, Europe's largest airline by passenger numbers, is due to take delivery of the final 29 aircraft from a 210-plane 737 ...
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The U.S. House of Representatives on April 30 voted to rescind the Environmental Protection Agency's 2023 approval of California's plans to require a rising number of zero-emission heavy-duty trucks, Reuters reported.
The House also voted to repeal an EPA waiver issued in December under former President Joe Biden for California's “Omnibus” ...
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German container shipping line Hapag-Lloyd reported first quarter first quarter earnings up 17 percent, while forecasting lower earnings expectations for 2025.
Operating profit jumped 24 percent, to US$500 million in the first quarter, while revenue rose nearly 19 percent to US$5.1 billion. Strong demand pushed transport volume and average freight rates ...
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