Despite trade worries, transportation execs see a strong market
Underlying metrics continue to point in a positive direction for freight services amid trade turmoil.
-
-
Trump says semiconductor tariffs to come next week
The president indicated that duties on chips would be “approximately 100%” earlier this month.
-
Asia-Europe ocean rates edging down despite ‘robust’ bookings
Carriers have responded by adjusting schedules and blanking sailings, but the capacity management has so far failed to hold up prices on the trade lane.
-
Pasha picks up GSC’s Pacific Northwest transload businesses in court sale
The US-based ocean carrier and logistics company paid about $2 million for the two transload specialists following the July shutdown of GSC.
-
Shipper network ShiftX inks Asia joint venture with Unitrans
The Hong Kong-based JV will provide coordination, performance management and strategic oversight of all origin locations across Asia for members of the BCO group.
-
High cost of Gemini transition drags on Hapag-Lloyd’s H1 result
But the growing synergy and efficiencies of its Gemini network with Maersk are expected to generate significant savings over the next few quarters, CEO Rolf Habben Jansen says.
-
Tyson adjusts beef production in face of low supply, healthy demand
The meat processor has cut costs from its operation and slowed processing speeds to get the most from record-low cattle availability.
-
GE Appliances to invest $3B in US manufacturing
The funds will help the front-load washer manufacturer continue to reshore production from Mexico and China. The company’s first phase of its plans will focus on plants located in Kentucky, Georgia, South Carolina and Alabama.
-
Retailers cut back on warehouse space as supply chain hurdles fuel 3PL growth
Traditional retailers in the US are scaling back their space requirements, according to an annual report, as the volatility over tariffs trickles down to the industrial real estate market.
-
Shippers, logistics providers satisfied with H1 rail performance
The latest Intermodal Service Scorecard from the Journal of Commerce marks a major boost in confidence that railroads can deliver reliable intermodal service only a few years after historic disruption gridlocked rail networks across North America amid pandemic-linked chaos.