Expeditors’ Q3 earnings beat forecast on air freight, customs gains
But the forwarding and logistics company said its ocean freight business dropped amid low demand and high vessel capacity.
But the forwarding and logistics company said its ocean freight business dropped amid low demand and high vessel capacity.
The food and beverage giant will embed SAP’s AI-powered assistant into its business systems.
An $800 general rate increase implemented over the weekend for West Coast business was already starting to deteriorate by Tuesday after some early – and fleeting – staying power generated by the US-China trade deal.
The fresh price increases vary between terminal operators and by export and import cargo, with most ranging between 5% and 15%, although running as high as 47% in one case.
Some vendors are still owed money, and several have stopped shipping to the luxury retailer, a scenario analysts have warned about for months.
The grocer plans to offer delivery services via the e-commerce company’s platform from nearly all of its stores starting early next year.
The retail giant is growing its collaboration with Wiliot to strengthen pallet-level monitoring from distribution centers to stores.
The e-commerce giant has reduced its U.S. inbound lead time by nearly four days as it pushes for faster shipping capabilities.
“Significant uncertainties” due to US tariffs and a capacity oversupply amid ongoing new vessel deliveries prompted the Singapore-based carrier to sharply reset performance expectations for the balance of its fiscal year.
While intermodal savings remain above 20%, according to the latest Intermodal Savings Index, there is not enough pressure yet in the trucking market to drive up rates across the US on intermodal rail.