O’Reilly Automotive, suppliers sharing tariff refund benefits
The auto parts retailer hasn’t paid a lot of direct tariffs, as its sourcing model primarily depends on suppliers as the importer of record, per an earnings call.
The auto parts retailer hasn’t paid a lot of direct tariffs, as its sourcing model primarily depends on suppliers as the importer of record, per an earnings call.
The voluntary liquidation by the Singapore-registered liner means its main container line services between Asia and the Middle East, the Mediterranean and the Baltic have ceased.
The ocean carrier expects its China services to remain at or near capacity through peak season after exceeding capacity in July, CEO Matthew Cox said.
Higher diesel prices and rising truck rates seem poised to continue in the near term, giving the North American intermodal market an opportunity to maintain its steady performance in the back half of the year, writes Larry Gross.
While the AI equipment boom competes with e-commerce for air freight capacity out of Asia, the fast-growing tech shipments offer better yields and more opportunities for logistics providers.
The effort comes after the coffeehouse chain pulled the plug on an AI-powered inventory management tool after nine months.
A secondary market has emerged for retailers, such as American Eagle Outfitters and The Children’s Place, to get capital quicker by monetizing tariff refunds.
Containers can now move by rail directly into the region, rather than routing through Chicago and trucking south, according to a railroad spokesperson.
The Journal of Commerce Truckload Capacity Index dropped slightly in the second quarter, signaling caution, after a Q1 surge linked to an acquisition.
The momentum generated by air and ocean demand during the quarter is expected to continue through the second half of the year, the company’s CEO said.