McCormick gets $28M tariff refund as Iran war raises costs
The spice and ingredients maker plans to use the returned funds to help mitigate higher logistics and material costs tied to the conflict.
The spice and ingredients maker plans to use the returned funds to help mitigate higher logistics and material costs tied to the conflict.
The agency’s efforts to boost transparency include using Bluetooth devices to identify bottlenecks for high-value shippers, a spokesperson said.
With fresh capacity landing on the West Coast, sources say spot rates could start to soften after a four-month bull run driven by cargo frontloading and higher bunker fuel prices.
But despite the initial drop in capacity, sources are not expecting a long-term decline in business on the westbound trade lane.
The carrier announced a month ago it was pulling its Indus Express loop, but new demand and sharply higher rates have caused a change of heart.
AI-powered simulation and other types of robotics technologies are becoming more powerful and cost-effective, per speakers at the Automate conference.
The delays in Asia helped propel global port congestion to a four-year high, with almost 11% of the container fleet waiting at anchorage as of June 28, according to Linerlytica.
The port authority plans to pause operations at its Leatherman Terminal used by MSC and shift activity to other terminals starting in August.
The U.S., Mexico and Canada will continue negotiating about potential adjustments to the trilateral free trade agreement, which will remain in place until at least 2036.
The takeover means CMA CGM subsidiary CEVA Logistics will become one of the top contract logistics providers in North America.