Logistics
Iran’s Islamic Revolutionary Guard Corps has seized two container ships operated by MSC Mediterranean Shipping Co. in the Strait of Hormuz, hours after the U.S. and Iran announced an extension of their ceasefire, according to an April 22 market update issued by Xeneta.
The vessels, the MSC Francesca and MSC Epaminondas, were detained while transiting eastbound through the strait, a critical shipping corridor linking the Persian Gulf with global trade routes.
Peter ...
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GEODIS said it has opened its first dedicated healthcare cold chain cross-dock facility in the Americas, expanding temperature-controlled handling for pharmaceutical shipments moving through the U.S. Midwest.
The 78,000-square-foot container freight station and bonded facility in Chicago includes a 5,200-square-foot temperature-controlled addition designed for short-term storage ...
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The Port of Long Beach is expected to break ground in May on expanding capacity for project and breakbulk cargo with a US$5.5 million upgrade to its primary heavy-haul corridor, aimed at easing the movement of oversized and overweight freight through the San Pedro Bay ...
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Magaya Corp. has launched an artificial intelligence-based trade compliance tool designed to embed regulatory guidance directly into freight forwarding and customs brokerage workflows.
The new ACEbridge AI compliance agent is built to provide citation-backed answers drawn from official U.S. Customs and Border Protection sources, allowing users ...
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UN Trade and Development and the Maritime and Port Authority of Singapore have launched a partnership aimed at accelerating the shift to lower-emissions, more resilient port operations, as governments and operators face mounting pressure to decarbonize global shipping.
The agreement, announced April 22 in Geneva alongside ...
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U.S. Customs and Border Protection will roll out a new system this month to streamline refunds of duties imposed under the International Emergency Economic Powers Act, as importers seek clarity following recent court rulings and heightened enforcement activity.
The agency said it will launch the first ...
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Routing cargo through the Port of Savannah can save shippers more than US$1,000 per container to key inland markets compared with West Coast gateways, according to a study by Georgia Tech researchers.
The analysis found that Savannah’s advantage stems from shorter inland transport distances and more ...
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The global economy risks being thrown off course by the war in the Middle East, with growth slowing and inflation rising as energy markets and trade flows face renewed disruption, the International Monetary Fund said.
The IMF projected global growth of 3.1 percent in 2026 and ...
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U.S. manufacturing extended its modest rebound in March, but rising cost pressures and a renewed uptick in inflation point to a fragile and potentially short-lived recovery, according to data from the Institute for Supply Management.
The Manufacturing PMI registered 52.7 percent in March, up from 52.4 ...
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The U.S. Surface Transportation Board has proposed sweeping changes to its permitting process aimed at accelerating rail infrastructure projects and reducing regulatory burdens.
The proposal, approved unanimously by the board, would mark the first major overhaul of the agency’s environmental review procedures in more than 30 ...
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