CSX Corporation, a leading transportation and logistics company, faced challenges in the fourth quarter as its revenue and profits declined. Despite growth in merchandise and intermodal traffic, the company struggled to overcome sharp declines in coal and fuel surcharge revenue. Additionally, the impact of...
Mexico's President Claudia Sheinbaum recently announced the launch of a 30 billion peso ($1.4 billion) nearshoring incentive package aimed at strengthening the country's position in regional supply chains. This initiative, outlined in an executive decree, is part of a larger economic strategy called Plan...
China's Remarkable Impact on Capesize Fleet Through Bauxite Trade
In recent years, China's insatiable demand for bauxite to produce aluminum has significantly boosted cape rates and reshaped the global shipping landscape. According to broker Arrow, the capesize fleet is now transporting more bauxite than coal...
In 2024, container movements from Japan to the United States saw a total of 643,433 TEUs, representing a 5.7% increase compared to the previous year. Direct shipments accounted for 445,147 TEUs, showing a significant growth of 13.8%, while transshipped containers totaled 198,286 TEUs, experiencing...
As the world prepares to celebrate World Customs Day in 2025, the shipping, logistics, and trade industry is coming together to advocate for customs reform that can keep up with the ever-increasing complexity of global trade. The European Union's ongoing review of the Union...
In a recent press release, Michelle Tarver, the newly appointed medical device director of the Food and Drug Administration (FDA), issued a warning regarding the potential risks the U.S. faces in falling behind other countries in ensuring patient safety by safeguarding medical product supply....
