The carrier is implementing a second surcharge on US trades to recoup higher operating costs driven by the war in the Middle is asking maritime regulators for permission to levy the fee immediately.
The first vessel on the carrier’s Caribbean-North America service will call the port next week, offering Canadian exporters more transshipment options to other markets.
Price increases in 17 of the 18 economic sectors tracked are a particular concern and are impacting business operations, according to survey respondents.
Shippers are taking advantage of current market conditions before intermodal pricing catches up to over-the-road rates, per Uber Freight.
The decision to push back the late-April implementation is in response to industry appeals and the Middle East crisis, which has left Indian ports handling significant rerouted volumes of stranded Persian Gulf-bound containers.
The agreement is the first of its kind between rail freight companies in Rotterdam and part of ongoing efforts to share information across the busy multimodal network at Europe’s largest port
The carrier is scaling its use of physical assets powered by AI to strengthen network reliability and improve connectivity with shippers, a FedEx executive said.
The Midwestern grocery chain expects the 105,000-square-foot freezer building expansion to help it better serve its stores in addition to laying the foundation for future investments in automation.
The World Shipping Council argued unsuccessfully that a section of OSRA-22 aimed at US exports was an overreach by the country’s maritime regulator.
The retailer remains focused on what it calls “stringent” and “disciplined” inventory practices, per a March 5 earnings call
