WD-40 braces for Iran war impact on supply costs
As oil prices rise, the company said higher raw material prices take between 90 and 120 days to affect its margins.
As oil prices rise, the company said higher raw material prices take between 90 and 120 days to affect its margins.
The move comes amid softer volumes this year at the gateway, but NSWA’s chief operating officer says now is not the time to “pull back” on service levels.
The deal is the latest in a growing trend by cash-rich carriers to develop terminals, particularly in Asia and especially in Vietnam, as they move to secure access at key regional ports to gain preferential berthing rights and minimize delays.
The three liners saw their first-quarter revenues come in between 9% and 21% lower than last year amid sharply softer rates on the key Asia-US and Asia-Europe trades.
The system will go live at 8 a.m. EDT to begin the electronic returns process for an estimated $127 billion in tariffs, the agency said Tuesday.
The retailer said its spring season inventory is set to arrive later in a bid to boost product turnaround and productivity.
The carrier will equip U.S. hubs with RFID sensors and customers with label printers as it looks to connect nearly all of its packages with the technology, an executive said.
Local BCOs are adopting a wait-and-watch strategy until there is greater clarity regarding cargo insurance costs and vessel passage through the Strait of Hormuz before committing to contract deals with carrier partners, sources say.
Transpacific trade remains solid despite Middle East tensions as retailers have already begun replenishing summer inventory, per a port press briefing Monday.
The LTL carrier, preparing for a June spinoff from FedEx, is targeting higher-growth customer segments “that align with our offerings,” an executive said.