Calvin Klein owner sees higher inventory costs due to tariffs
PVH Corp. reported that inventory costs were up 3% year over year — the bulk of which was attributed to tariffs.
PVH Corp. reported that inventory costs were up 3% year over year — the bulk of which was attributed to tariffs.
For shippers whose priority is low price, the possibility certainly exists that the next few years will serve up a favorable pricing environment, if not highly favorable, writes Peter Tirschwell.
Union Pacific sent a 6,000-plus page application to US regulators Friday seeking formal approval for its closely watched merger proposal with Norfolk Southern that would create the country’s first transcontinental railroad.
The carrier, as it sends a US-bound vessel through the region, said if security thresholds hold it will take a “stepwise approach” toward gradually resuming navigation on east-west services via the Suez Canal and Red Sea.
The company’s LTL spin-off remains on track for 2026, but sustained weak market conditions prompted revised business forecasting.
The moves come as capacity from Asia to the East and West coasts of South America has risen sharply this year, and as Mexico plans hefty tariffs against China.
Single-digit declines in overall import volumes are expected at the Port of Los Angeles, according to Executive Director Gene Seroka.
The Ahold Delhaize-owned chains plan to stop operating six facilities in early 2026 as they shift to in-store fulfillment.
Costs will be particularly elevated this month as the carrier leans on outsourced air cargo capacity during the peak season, CFO John Dietrich said.
The acquisition of Malherbe will enable Geodis to develop the French road freight market for truckload and less-than-truckload, and to increase its presence in the agri-food and mass retail sectors.