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At 2025’s halfway point, it’s still anyone’s guess as to the impact new tariffs and government upheaval will have on the U.S. economy, admitted National Retail Federation Chief Economist Jack Kleinhenz July 8.
“This year began with high expectations for the strength of the U.S. economy,” Kleinhenz said, noting strong 2.8 percent year-over-year growth in gross domestic product in 2024 that was led by consumer spending and helped by business and ...
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The Oregon Legislature on June 30 approved a landmark US$100 million investment in the Pacific Coast Intermodal Port, or PCIP, a transformative public-private project that will create a container terminal in the Port of Coos Bay.
The PCIP project will establish a modern, ship-to-rail container terminal ...
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Global ship recycling could double to 16,000 ships, totaling more than 700 million deadweight tonnes over the next 10 years, said Niels Rasmussen, chief shipping analyst at BIMCO.
The Danish international shipping association for shipowners updated its estimate following the entry into force of the Hong ...
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GEODIS has opened an office in Guadalajara, Jalisco, to support the growth of the global logistics provider’s growing nearshoring freight forwarding business in Mexico.
The Guadalajara office, GEODIS’s second-largest operations center in Mexico, will become a shared services center, including key logistics operations for the entire ...
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Ocean logistics giant A.P. Moller - Maersk named the first vessel in a series of 17,480 TEU vessels equipped with dual-fuel methanol propulsion, at a ceremony June 18 at Hyundai Heavy Industries’ (HHI) yard in Ulsan, South Korea.
The Berlin Mærsk, is the 14th dual-fuel newbuild ...
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The U.S. Department of Transportation has proposed slashing or amending about two dozen federal trucking regulations — major and minor — that the agency said were outdated or punishing truckers.
“My department is slashing duplicative and outdated regulations that are unnecessarily burdensome, waste taxpayer dollars, and ...
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Global economic prospects are weakening, with substantial barriers to trade, tighter financial conditions, diminishing confidence and heightened policy uncertainty projected to have adverse impacts on growth, according to the Organization for Economic Cooperation and Development’s (OECD) latest Economic Outlook (https://tinyurl.com/mr3m6fbh).
Global growth has slowed from 3.3 ...
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DP World said May 15 it will invest US$760 million to expand the Dominican Republic Port of Caucedo, which it said would create a manufacturing and logistics hub for the Americas
DP World signed a memorandum of understanding, or MoU, with the Dominican Republic’s Ministry of ...
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‘Liberation Day’ for many U.S. consumers and global traders came on May 14, not April 2, which was the day when President Donald Trump essentially set an embargo against Xi Jinping and China, and prohibitive tariffs against every country. And some penguins.
Instead, On May 12, ...
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The St. Bernard Port, Harbor and Terminal District, in partnership with Associated Terminals, on May 14 celebrated the completion of more than two decades of planning in the historic opening of the Chalmette Slip Rehabilitation Project.
Originally constructed in 1907, the Chalmette Slip is fully operational ...
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