OOCL posts revenue decline in muted first quarter
The start to the year was largely unaffected by the Middle East conflict, but the lagging effect of high bunker fuel prices will be felt from Q2 onwards.
The start to the year was largely unaffected by the Middle East conflict, but the lagging effect of high bunker fuel prices will be felt from Q2 onwards.
Most of the increases represent a significant premium on current pricing levels, but it remains to be seen how sticky the aspirational rates will be with cargo markets also under pressure from high energy prices.
MGP Ingredients will pause production as the market “continues to be structurally oversupplied” due to tariffs and declining alcohol consumption.
An increasing number of lawmakers at the federal, state, and municipal levels are taking steps to freeze data center development, which serves as an important cargo source.
The port aims to serve 330 Georgia producers in industries like poultry, heavy equipment and forest products.
The retailer will grow a direct-from-store shipping capability with its subsidiary as it chases lower costs, executives told Supply Chain Dive.
Rising fuel prices and memory costs may force buyers to re-think, or at least delay, purchases of pricey electronics this year.
The french fry maker anticipates a rise in commodity volatility, including for packaging and fuel, if the conflict persists.
The repair and rebuilding of oil, gas and petrochemical facilities in the Middle East will provide project cargoes for the specialist fleet at least through the end of the decade, observers say.
While the ceasefire marks the first diplomatic shift in the 40-day conflict, it is being regarded by transport operators as more of a controlled easing rather than an operational reset.