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Freight News

US Imports Grow Despite Trade Flux, Descartes

April U.S. container imports increased 1.2 percent over March and 9.1 percent compared to the same month last year, surpassing 2.41 million TEUs for the second time in 2025, despite the current chaotic trade environment, according to Descartes Systems Group’s May Global Shipping Report. Year-over-year, April volumes were 25.6 percent above April 2019, underscoring continued strength compared to both recent and pre-pandemic levels. Cumulative imports for the first four months of ... [+]

Fednav CEO Paul Pathy Elected BIMCO President

BIMCO, the world’s largest shipping association, elected Fednav President and CEO Paul Pathy as the organization’s 47th president at its May 14 general meeting in Copenhagen. Pathy, also the first BIMCO president from the Americas, succeeds Nikolaus H. Schües who is finishing his two-year term and ... [+]

Tackling Tariffs and Trade Shifts, Xeneta

Consumers face an overall average effective tariff rate of 27 percent, the highest since 1903 and, despite the 90-day pause, trade tariffs still feel like a constantly moving picture with a huge amount of uncertainty around what could happen next. “There seems to be more common ... [+]

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 ... [+]

Market Sentiment Index Reflects Uncertainty

The 17th edition of the One World’s Market Sentiment Index, or MSI, for the multipurpose and breakbulk industry, shows further slippage in sentiment from 54.3 in the last edition to 53.3 in this edition but still above 50 which marks the point between generally positive ... [+]

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 ... [+]

BIFA Body Targets Heathrow Redevelopment

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 ... [+]

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 ... [+]

TGP Taps Andrews for Business Development Role

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 ... [+]

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 ... [+]

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