Month: September 2024

Import volumes at U.S. ports remain high as a potential strike looms at East and Gulf Coast ports.

The world’s largest sailing cargo ship completed its maiden voyage from France to New York, proving that wind power can drastically cut shipping emissions.

Red Sea shipping disruptions continue to disrupt global supply chains, with no signs of easing as major carriers reroute around the Cape of Good Hope.

The Port of Los Angeles is making a combined $125 million investment in rail expansion projects at Pier 400 and Fenix Marine Terminal.

Volkswagen is considering closing factories in Germany for the first time as it faces rising competition from Chinese EV makers and high costs.

Maersk has opened a 402,000-square-foot logistics facility in El Paso, Texas, to improve cross-border trade between the U.S. and Mexico.

Truckload drivers earned a median salary of $76,420 in 2023, marking a 10% increase since 2021, according to the American Trucking Associations.

COSCO Shipping has signed a $2 billion agreement to build and lease 42 bulk carriers, its largest deal since 2016.

DP World has completed the acquisition of Cargo Services Far East, a Hong Kong-based supply chain provider, expanding its presence in China.

Veho and Flexport have partnered to offer faster next-day and two-day delivery services, aiming to improve shipping for businesses of all sizes.