The U.S. truckload market continues to tighten as we move into the beginning of the week. The closing spreads between contract and spot rates are narrowing, and several major trucking markets are rejecting more than 7% of outbound shipments. However, there is no significant...
As Americans cast their votes in the 2024 presidential election, the outcome promises significant implications for global trade and the shipping industry, affecting everything from container routes and tanker regulations to decarbonization efforts. With U.S. candidates Trump and Harris both championing populist policies, the...
Canada’s port operations are integral to its economy, providing vital trade links across the Pacific and Atlantic Oceans. Recently, labor disputes have disrupted these essential channels, with ongoing negotiations and strike threats intensifying at both the Port of British Columbia and the Port of...
SITC International Holdings, a prominent Chinese boxship player, has recently made a strategic move by exercising options at Huanghai Shipbuilding for the construction of two additional 1,800 TEU vessels. This decision comes as part of the company's ongoing efforts to strengthen its fleet and...
The China Ministry of Commerce recently announced that PVH, the owner of Calvin Klein and Tommy Hilfiger, has engaged in improper behavior related to cotton sourcing in the Xinjiang Region. This statement came after an ongoing investigation that began in September 2024, where...
DP World, a global leader in trade and logistics, is spearheading an initiative to revolutionize cross-border payment systems in collaboration with financial institutions and technology providers worldwide. The aim is to address the persistent inefficiencies that businesses in emerging markets, particularly in Asia and...
