Maersk has launched a new, dedicated freight service for lithium-ion batteries across North America. This significant initiative expands the company’s hazardous materials logistics network. The move d
by Update: Nike expects nearly $1B in IEEPA tariff refunds
Title: Nike Projects Nearly $1 Billion in Tariff Refunds
Update: Nike expects nearly $1B in IEEPA tariff refunds Nike, the global sportswear giant, anticipates receiving nearly $1 billion in total ref
by Update: Gulftainer unveils plan for Middle East ‘integrated logistics ecosystem’
Title: Gulftainer Charts Course for Middle East Logistics Integration
Gulftainer, a port operator based in Sharjah, has unveiled its strategic plan to develop an integrated logistics ecosystem across
by Intermodal Growth Manageable, But Caution Remains
Current concerns regarding service data amidst intermodal growth are largely considered overstated, though this assessment carries a crucial caveat: “for now.” The intermodal sector has experienced on
by Apple Forges Major Chip Supply Pact with Broadcom
Apple has formalized a substantial agreement with Broadcom for the development and supply of custom chips. This partnership, valued at approximately $30 billion, is projected to facilitate the product
by Tech Sectors Propel Air Cargo Demand Amid Slowing Growth
Global air freight spot rates climbed a significant 38% year-over-year in June. This notable surge in demand primarily stems from robust activity within the artificial intelligence (AI) and semiconduc
by PSA International Invests $945 Million in Vietnam Port Expansion
PSA International, a prominent global port operator headquartered in Singapore, recently finalized a substantial agreement to develop a new four-berth container terminal in Haiphong, Vietnam. This amb
by Transpacific Ocean Freight Rates Experience Sharp Climb
Transpacific ocean spot rates have recently undergone substantial increases, marking a significant shift in global shipping costs. This upward trend impacts vital trade lanes connecting Asia with both
by Record US Truckload Spot Rates Signal Persistent Supply Strain
US truckload spot rates have now climbed beyond their peak levels recorded during the COVID-19 pandemic. This significant development stems primarily from intense supply pressure within the market. Th
by UK Logistics Sector’s Green Transition Slows Amid Economic Headwinds
The UK logistics sector’s decarbonization efforts are slowing. Cost pressures primarily drive this trend. This impacts the industry’s transition towards sustainable operations.
Industry leaders report