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The bloc’s legislative body on Thursday voted in favor of proposals to lower or eliminate tariffs on a range of U.S. goods while also approving key safeguard provisions.

The change, slated to start in April and impact services such as Ground Advantage, is meant to address higher transportation costs for the agency.

An estimated 30% of Asia-Europe air cargo is routed via the Middle East, so the sudden closure of airspace in the Persian Gulf has left forwarders scrambling for capacity on freighters and passenger aircraft out of Asia.

Stocks that were already in the fuel supply chain and en route to refueling hubs when the Middle East conflict started have now been delivered, and those ports are running down their inventories.

The American Trucking Associations February truck tonnage report showed a 2.6% month-over-month increase, making it the largest sequential gain in three years.

TotalEnergies accepted a $1 billion payment from the Trump administration to walk away from two offshore wind projects and instead reinvest the funds in fossil fuel projects along the Gulf Coast.

Within that total, the agency plans to fund between $50 million and $100 million for projects that bolster domestic supplies for advanced battery manufacturing.

Further SKU reductions are on the horizon as the retailer prioritizes leaner inventories and a simpler supply chain.

Ocean carriers have a stronger financial backstop than past downcycles after having retired significant debt and increased their profitability in the last five years post-pandemic, writes Executive Editor Mark Szakonyi.

Per-gallon costs surpassed $5 for the U.S. across all major regions this week, putting additional pressure on carriers and shippers.