K+N develops new ocean markets, air freight measures to offset war impact
The Iran conflict, which began late in the first quarter, had little impact on the forwarder’s Q1 business, accounting for just a 1.5% decline in ocean freight volumes.
The Iran conflict, which began late in the first quarter, had little impact on the forwarder’s Q1 business, accounting for just a 1.5% decline in ocean freight volumes.
The Port of Quebec received clearance from Canada’s customs authority to handle and inspect international containers, part of the country’s long-term pivot away from trade with the US.
A “clean-up effort” against unsafe and illegal trucking firms is cutting enough capacity to spur even bigger rate hikes, the company’s CEO says.
The current pipeline of newbuilding programs for ultra-large container vessels vastly outstrips the construction of new berths intended to receive them, meaning we are, quite literally, building a fleet for which there may soon be no room at the inn, writes Robbert van Trooijen.
While there have been some schedule changes for multipurpose vessels, reliability is still sufficient only because the shock hasn’t gotten through the system yet — and conditions will likely worsen from there, conference attendees were told.
Somnigroup is set to acquire Leggett & Platt as the companies seek synergy opportunities across sourcing, operations and product innovation.
The retailer is expanding its partnership with Relex Solutions to improve in-stock levels using an AI-driven platform to analyze demand trends and positioning.
The conflict could also spur increased spending on ports and landside infrastructure in the Middle East as investors seek to develop alternative transport solutions to avoid areas that have been closed or heavily impacted by the hostilities, executives said Thursday on a pair of webinars.
The jump in domestic intermodal volumes shows how quickly freight can move to rail when truckload pricing increases, but whether that shift sustains depends on how railroads handle the surge in cargo.
The iPhone maker has reduced manufacturing emissions each year since 2021.