China returns fire with retaliatory port fees targeting US-affiliated ships
At first blush, the fees targeting US entities would affect Matson, Maersk Line and APL, part of the CMA CGM group.
At first blush, the fees targeting US entities would affect Matson, Maersk Line and APL, part of the CMA CGM group.
Ingka Group’s investment arm has bought U.S.-based Locus to help improve delivery, something the home retailer previously outsourced.
Fewer trucks arriving with imports in Las Vegas, Chicago and other inland hubs means tighter capacity and higher transactional costs for outbound shipments.
It has taken several years for the IMO to get to this point, but the heavily compromised net-zero framework agreement has polarized the shipping industry.
The carrier’s suspension of its “Service Guarantee” on Oct. 2 stems from increased risks of delays after the trade tool’s elimination.
The major aluminum sheet maker will keep the hot mill in its Oswego, New York, plant closed until early 2026.
The overhaul marks the latest in a series of network shakeups among North American railroads competing for international intermodal freight.
The carrier’s operational update did not provide profit and loss figures, but the declining revenue is an indication of tough times ahead as liners sail into their financial reporting season.
On average, CFOs say price growth at their organizations would be roughly 25% lower in 2026 if not for the impact of tariffs, according to survey results.
The average spot price fell 4% year over year to $2.54 per kilogram, per a Xeneta report.