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Port Freeport Unveils Cold Chain Facility

Fresh Del Monte Produce Inc., Freeport Warehouse LLC and Port Freeport unveiled the new Cross-Dock No. 1 facility, with 80,000 square feet of chilled cross-dock warehouse located near Port Freeport’s Velasco Container Terminal. Fresh Del Monte Produce, a leading vertically integrated producer, marketer and distributor of high-quality fresh and fresh-cut fruit and vegetables began weekly calls at the Texas port in June 2024. The facility is designed to streamline refrigerated cargo handling ... [+]

Port of Long Beach Record Volumes Set to Plunge

The Port of Long Beach, after recording one of the strongest April’s on record – and its 11th consecutive month of cargo increases – is girding for a double-digit decline in shipments for May, due to the partially paused tariffs tit-for-tat. Dockworkers and terminal operators moved ... [+]

Tariff Tensions Temper Maersk’s ’25 Forecast

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 ... [+]

Port Canaveral Invests $500 Million In Upgrades

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 ... [+]

NRF: ‘People Have Recession on Their Minds’

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 ... [+]

Wong: U-Freight Positioned for Soaring Market

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 ... [+]

Port Downturn No Surprise for Port of LA’s Seroka

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 ... [+]

Consumer Confidence Falls to Pre-Covid Levels

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 ... [+]

Ryanair Would Cancel Boeing Orders Due to Tariffs

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 ... [+]

US House Votes to Rescind California Truck Rules

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 ... [+]

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