BIMCO expresses caution over Trump’s Persian Gulf shipping insurance offer
While resuming the movement of vessels in the war zone is important, the shipping group says the president’s offer needs clarification.
While resuming the movement of vessels in the war zone is important, the shipping group says the president’s offer needs clarification.
While resuming the movement of vessels in the war zone is important, the shipping group says the president’s offer needs clarification.
The Treasury Secretary also said he expects tariff rates struck down by the Supreme Court to return within the next five months, following ongoing trade investigations.
Prices had already been rising for most of the year, but crude oil and shipping routes are facing immediate pressure from turmoil in the region.
Priority Mail Express services are embargoed until Friday due to the incident, which temporarily closed part of a key FedEx sortation facility.
The Trump administration’s move against non-English speaking drivers and non-domiciled commercial driver’s license holders could hit the drayage sector, but only after it trickles down from other parts of the trucking industry, experts say.
The head of the Agriculture Transportation Coalition says US ag shippers face a plethora of changing tariffs and other measures that undermine their ability to tap overseas markets.
Those who would be affected by the proposed $85 billion transaction either directly or indirectly had plenty to say about the matter during the first TPM26 conference since the deal was announced.
Amid trade tensions and other geopolitical challenges, ocean freight volumes should remain elevated, according to Jens Drewes.
Stefan Paul said almost 20% of global air freight capacity from the belly hold of passenger aircraft and via freighter aircraft charters has been cut from the market because Middle East airports are closed or flights have been otherwise canceled.