EU lawmakers back US trade pact with built-in safeguards
The European Parliament and EU Council agreed to eliminate tariffs on U.S. industrial goods, retaining the power to suspend cuts if Washington D.C. exceeds the agreed-upon duties.
The European Parliament and EU Council agreed to eliminate tariffs on U.S. industrial goods, retaining the power to suspend cuts if Washington D.C. exceeds the agreed-upon duties.
Justice Department indictments against four of the world’s biggest box manufacturers follow reciprocal port fees and tariffs on China-made port equipment.
CEO Eli Glickman did not offer earnings guidance due to the pending merger with Hapag-Lloyd, but said the war-driven surge in oil prices will likely drag Zim’s results down further in the second quarter.
The decision comes as wholesale diesel prices in Britain have increased 40% in the last month and logistics businesses are finding it difficult to manage ever-increasing cost pressures.
The underlying strength of that peak is unclear, however, with blank sailings, fuel-linked surcharges and a changeover in annual service contracts all putting upward pressure on spot and FAK rates.
Despite market uncertainty, some shippers like Bob’s Discount Furniture and Dollar Tree have expressed confidence in their ocean freight contracts.
The retailer is facing elevated vendor input costs and higher delivery fleet expenses as Iran war ripple effects challenge the furniture industry.
A new stand-alone FedEx Freight may resemble a start-up, but the LTL carrier is far from it, experts say.
The retailer has made efforts to trim its product mix over the last two years as part of a more disciplined inventory management strategy.
Collaboration with global forwarders is allowing the carrier and its customers to significantly reduce carbon footprints in the difficult-to-monitor area of Scope 3 emissions.