FMC weighs hefty fees, port bans for Spanish vessels
The move comes after Spain turned away three US-flagged ships and a Danish multipurpose vessel on the grounds they were carrying military cargo bound for Israel.
The move comes after Spain turned away three US-flagged ships and a Danish multipurpose vessel on the grounds they were carrying military cargo bound for Israel.
CEO Mark Rourke said a spot rate surge in December was the first sign of truckload capacity exits having a material impact on prices that will eventually lead to the carrier being able to charge shippers higher rates.
A surge in tariff-driven frontloading from Asia to North America earlier in the year led to a wait-and-see approach from US importers, resulting in weaker demand.
The U.S. president said the duties would be implemented if Canada doesn’t fully certify four Gulfstream jet models but didn’t give a precise timeline.
“We believe door count — not terminal count — is the most relevant measure of our network capacity,” the business said in a key securities filing ahead of the June spinoff.
The decision nullifies Hong Kong-based Hutchison’s ability to operate the Balboa and Christobal ports that bookend the Panama Canal and clouds its attempt to sell its global terminals portfolio.
DiBella, nominated to be a commissioner last September, said her focus for the agency will be to support Trump’s push to restore the American maritime industry.
The leading US truck brokerage said a rate spike due to winter weather does not signal a stronger trucking market, while international freight demand remains tepid.
The spice maker will stick with its 2025 playbook to mitigate tariff impacts this year, including alternative sourcing and other supply chain initiatives.
Amid new threats from Houthi militants and the arrival of a US carrier strike group in the region, carriers — and their customers — are once again wondering when they will be able to safely transit the Red Sea/Suez route.