Cosco Shipping inks $7 billion deal for big fleet expansion
The move is part of the Chinese government’s ambition to accelerate the development of China as a maritime power, China Shipbuilding Group said.
The move is part of the Chinese government’s ambition to accelerate the development of China as a maritime power, China Shipbuilding Group said.
Noel Hacegaba, who currently serves as the port’s COO, is set to succeed Mario Cordero on Jan. 1, 2026.
The food and beverage maker expects a less volatile coffee market in the future after the Trump administration exempted the commodity from levies.
Winners and losers will emerge in road transport as Union Pacific and Norfolk Southern join forces, according to industry experts.
The U.S. president said he would install the levies due to Mexico’s non-compliance with a treaty governing water flow between the countries.
For the first time, US regulators can evaluate a rail merger not on assertions, but on what the data actually shows — and they can do it in hours, not months.
Mumbai-based forwarder executives have linked the pricing gains mainly to lower capacity amid multiple blank sailings during the month covering CMA CGM’s Epic service and Ocean Network Express’ IOX loop.
The softer global growth in October pulled the 12-month rolling average down to the lowest in 20 months, according to Drewry’s Simon Heaney.
The weak import numbers come as the National Retail Federation is projecting record holiday sales in the US of more than $1 trillion for the first time, up between 3.7% and 4.2% from 2024.
After 27 consecutive months of plus-40% year over year growth, China’s total cross-border e-commerce sales were flat in October, according to Xeneta.