Uluslararası Lojistik Destek

The U.S.-based ocean carrier benefited from elevated freight costs and reduced air cargo capacity in select markets, CEO Matthew Cox said.

The Shanghai-based carrier has launched two new services connecting Asia to the Middle East as the Persian Gulf trade corridor presents strong green shoots of capacity demand amid ongoing mainline service disruptions.

The European Parliament and EU Council agreed to eliminate tariffs on U.S. industrial goods, retaining the power to suspend cuts if Washington D.C. exceeds the agreed-upon duties.

Justice Department indictments against four of the world’s biggest box manufacturers follow reciprocal port fees and tariffs on China-made port equipment.

CEO Eli Glickman did not offer earnings guidance due to the pending merger with Hapag-Lloyd, but said the war-driven surge in oil prices will likely drag Zim’s results down further in the second quarter.

The decision comes as wholesale diesel prices in Britain have increased 40% in the last month and logistics businesses are finding it difficult to manage ever-increasing cost pressures.

The underlying strength of that peak is unclear, however, with blank sailings, fuel-linked surcharges and a changeover in annual service contracts all putting upward pressure on spot and FAK rates.

Despite market uncertainty, some shippers like Bob’s Discount Furniture and Dollar Tree have expressed confidence in their ocean freight contracts.

The retailer is facing elevated vendor input costs and higher delivery fleet expenses as Iran war ripple effects challenge the furniture industry.

A new stand-alone FedEx Freight may resemble a start-up, but the LTL carrier is far from it, experts say.