Unilever ramps up pricing to offset higher commodity costs
Improved visibility over supply of key inputs gave the CPG clarity to implement hikes after keeping prices flat during the first half of the year.
Improved visibility over supply of key inputs gave the CPG clarity to implement hikes after keeping prices flat during the first half of the year.
And CEO Vincent Clerc indicated the current high-rate environment bodes well for 2027 contract renewals, especially on the Asia-Europe trade.
CEO Jim Filter said the company brings 35 years of intermodal service experience to its new partnership with Norfolk Southern.
The parent of several retail brands is tacking on additional features to its current production lifecycle management platform to improve supply chain efficiency.
The company is using AI to enable fast-but-reliable delivery promises and help sellers determine shipping costs more easily, CEO Jamie Iannone said.
China’s most important holiday begins on Feb. 6, 11 days earlier than this year, which will prompt exporters to lock in bookings sooner and push up rates, analysts and forwarders say.
The fresh extension came after the Pacific Maritime Association and ILWU Local 26 failed to reach a new deal after negotiating late into Wednesday evening.
Stakeholders such as the World Shipping Council and the National Retail Federation are concerned fees will “add another cost layer to an already strained transportation system.”
The move continues an ongoing reshuffle of services and partnerships among the major carriers serving the trade.
The carrier said although spot rates are expected to ease in the coming months due to the seasonal softening of cargo demand, they will remain above the levels assumed in its previous forecast upgrade made in August.