Business
Imports at major U.S. container ports are expected to remain high as retailers continue to bring in cargo ahead of growing tariffs on China and threats against other countries, according to the Global Port Tracker report released Feb. 7 by the National Retail Federation and Hackett Associates.“Supply chains are complex,” said Jonathan Gold, NRF vice president for supply chain and customs policy. “Retailers continue to engage in diversification efforts. Unfortunately, ...
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The International Air Transport Association and 123Carbon announced a strategic collaboration to develop interoperability between their respective Sustainable Aviation Fuel, or SAF, registries.Interoperability will increase transparency, avoid emissions reporting errors – including double issuance – and streamline certificate management across SAF registries.The collaboration between IATA ...
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DHL Supply Chain said it will become North America’s largest provider of reverse logistics solutions through acquiring Inmar Supply Chain Solutions, a returns solutions provider for the retail e-commerce industry.The acquisition will result in 14 return centers and around 800 associates joining the DHL Supply ...
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Hamburg-based shipbroker Toepfer Transport said its Multipurpose Index in February dipped below US$13,000 per day, for the first time since July 2024.According to Toepfer Transport said the February result dipped 2.5 percent from its January level, at US$12,913 per day. However, the February result is ...
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The Port of Long Beach is accomplishing its environmental, operational and commercial goals as it is setting greater goals for the years ahead, said CEO Mario Cordero during his annual state of the port address, Jan. 29.
In a 2024 in which the port ...
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Ocean Network Express and LX Pantos have formed a joint venture, Boxlinks LLC, to provide end-to-end domestic intermodal transportation services.This strategic partnership will leverage the combined strengths of ONE and LX Pantos and use the companies’ partnerships with major rail carriers and trucking companies to ...
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Georgia Gov. Brian Kemp announced a sweeping overhaul of the state’s legal system in two bills introduced Jan. 30 in the General Assembly, as Georgia’s trucking companies face mounting pressure from nuclear verdicts and rising insurance costs.The governor’s office cited a five-year increase of 25 ...
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Drewry, the maritime research and consultancy, said its World Container Index decreased 3 percent to USUS$3,273 per 40-foot equivalent unit, or FEU, the week of Feb. 6.The latest Drewry WCI composite index is 68 percent below the previous pandemic peak of USUS$10,377 in September 2021 ...
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Only a month before the book is closed, container traffic is expected to top a record set in 2021, according to data from Container Trades Statistics Ltd.
CTS reports that global loaded volumes increased 5.3 percent year-over-year in November, hitting 15.6 million TEUs. That ...
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Maersk A/S (Maersk), an entity under A.P. Moller - Maersk, and Hapag-Lloyd AG launch their operational collaboration Gemini Cooperation on Feb. 1.The container line giants intend to deliver a flexible and interconnected ocean network with schedule reliability above 90 percent once fully phased.About 340 vessels ...
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