Avrupa Depolama Hizmeti

July fighting squashed the promise of a June ceasefire and the Strait of Hormuz reopening, creating a “stop-start recovery” for the flow of virgin materials as prices rise. 

The food manufacturer intends to maintain high service levels, reassess its product mix and reduce days of inventory, executives said.

Imports from 60 trading partners will be subject to either a 10% or 12.5% tariff, effective Friday, the same day Section 122 levies will expire.

Union Pacific could provide faster transits through Chicago in addition to Canadian National dropping its opposition to the merger with Norfolk Southern.

The carrier’s holiday surcharges, which apply across various shipping services, will be higher than they were last year.

The forwarder joins several other companies in the transport and logistics sector that have also raised their profit guidance following better-than-expected results.

Knight-Swift earnings, DAT pricing data and ATA freight volumes point to a market increasingly driven by tightening capacity rather than stronger freight demand.

The service had switched over to the Suez route in January before halting in early March when the Middle East war broke out.

Strong demand was offset by a sharp drop in transshipment volume as constraints in container handling infrastructure was exposed in the port’s performance.

The new ships are set to carry offshore wind components and Chinese-manufactured industrial cargoes including Battery Energy Storage Systems.