Archive for Press - page 5

Retailers and other importers will enjoy low freight rates into 2024 due to “an absolute explosion” of capacity entering the trans-Pacific trade in the coming months, but the price they pay will be a degradation in both service and schedule […]

The partnership between Mexico and the United States continues to solidify with Mexico being the top U.S. trade partner in July at $65.3 billion, a 0.24% year-over-year (y/y) increase. It was the seventh time in the past eight months Mexico […]

President Joe Biden’s $9.2 billion electric vehicle manufacturing loan to Ford seems like a perfect meld of American interests. Announced in June, the loan to the Michigan automaker and a South Korean battery manufacturer will spur the building of three […]

The 5.9% General Rate Increase (GRI) Starting December 26, 2023, UPS will enact a 5.9% GRI. This will impact UPS’s Ground, Air, and International services. The GRI is not a flat rate increase across all services; rather, it is an […]

The Panama Canal, an 80-kilometer waterway crucial for global shipping, is in crisis due to persisting drought conditions that have led to plummeting water levels. The ongoing drought and the resulting measures taken by the Panama Canal Authority have severely […]

The United States has witnessed a challenging landscape for rail carloads and intermodal volumes, according to recent data released by the Association of American Railroads (AAR) for the week ending August 19, 2023. These declines are not isolated events but […]

According to legend, the Duke of Wellington ascribed his historic victory in 1815 by saying, “The battle of Waterloo was won on the playing fields of Eton.” A century later, George Orwell opined, “Probably the battle of Waterloo was won on the […]

Rate Changes Take Effect January 1, 2024 Memphis, TN – FedEx Corp. (NYSE: FDX) made an early announcement on Tuesday detailing a 5.9% increase in tariff rates for most of its U.S. services. This marks a reduction from last year’s […]

A severe drought in Panama has thrown a wrench into the gears of global commerce, as reduced water levels at the Panama Canal have led to extended delays and restrictions on the passage of commercial vessels. The bottleneck is already […]

August 28, 2023 – In a significant legal decision, Republic Steel, based in Ohio, has been ordered to pay nearly $4.6 million to Pennsylvania trucking companies Beemac Inc. and its affiliate, Deemac Services. The federal jury found that Republic Steel […]