Tariffs to drive up trade compliance costs: Fed
Much of the new regulatory cost from higher tariffs stems from greater complexity in determining the national source of a product, according to the Federal Reserve.
Much of the new regulatory cost from higher tariffs stems from greater complexity in determining the national source of a product, according to the Federal Reserve.
The two companies aim to close the transaction in early 2027, bringing together 50,000 route miles to form “the first transcontinental railroad” in the U.S.
Fifteen Belgian freight forwarders who sought compensation from Maersk for containers wrongly discharged in Zeebrugge have now been compensated by the shipping line. Meanwhile, Dutch forwarders are beginning to raise similar complaints. Earlier this year, a Maersk container ship offloaded a number of containers in Zeebrugge that had originally been destined for Antwerp. The carrier…
Maersk and Hapag-Lloyd’s fully launched Gemini East-West network hit 93.2% schedule reliability in June, setting a new industry benchmark – but the real challenge will be whether the hub-and-spoke model passes the cost test. Liner majors Maersk and Hapag-Lloyd have fully phased in their joint East-West network under the Gemini Cooperation, delivering a schedule reliability…
Coastal communities and green innovators across the UK are to benefit from a GB£30m boost aimed at cleaning up sea travel and powering economic renewal through green maritime technologies. The funding, announced by Maritime Minister Mike Kane at Clydeport in Glasgow, marks the sixth round of the Clean Maritime Demonstration Competition (CMDC). This latest investment…
Grain exports from Melbourne continued to rise, but the volume of wheat leaving the port in containers saw a 7% decrease in FY 2025. The Port of Melbourne reports grains and pulses were its largest export commodities in FY2025, continuing a five-year run at the top. “According to Port of Melbourne’s latest trade data from…
Pioneering British electric express logistics operator Varamis Rail has temporarily halted services amid rising costs and industry pressures. Industry observers and insiders have variously speculated about the fate of the company. None appear to have spoken directly with the company. Speculation ranges from electricity costs to technical issues. Varamis Rail, however, refutes claims made online…
Global building materials company Cemex and the UK arm of rail freight operator DB Cargo have moved more than 1mT of aggregates through the rail-fed terminal at Warrington. The milestone in stone movement was reached after a decade of operations at the North West of England terminal. Originally conceived as a short-term “pop-up” site in…
Veho kicked off coverage in Pittsburgh, Cleveland and St. Louis while GLS is now delivering in Dallas.
CK Hutchison confirms ongoing talks with Mainland Chinese investors as it seeks to secure Beijing’s regulatory clearance for its port sale deal with BlackRock and TiL. The 145-day exclusivity window for CK Hutchison’s landmark US$22.8 billion ports deal expired on July 27, but the Hong Kong conglomerate says talks are continuing and a restructured agreement…