US MOVES TO STOP CHINA PARCEL SHIPMENTS BEARING COUNTERFEIT POSTAL LABELS U.S. law enforcement authorities have obtained a temporary restraining order barring two logistics companies, one in New York City and the other in Los Angeles, and their owner from using the U.S. Postal Service to ship packages containing counterfeit postage. Federal prosecutors last week …
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STATE OF FREIGHT TAKEAWAYS: FREIGHT CRASH MAY TURN INTO SUDDEN REVIVAL Four weeks after the April State of Freight webinar, when a raging trade war looked to wreak havoc on freight markets, the May edition of the monthly series confronted conditions that were getting at least a temporary reprieve because of the 90-day truce agreed …
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SUEZ CANAL TRIES TO WOO BACK SHIPS ANNOUNCING DISCOUNT FOR LARGE BOXSHIPS The Suez Canal Authority is offering incentives and discounts of 15 percent of the transit fees for containerships with a net tonnage of 130,000 tons and above. The offer begins on Thursday, May 15, and ships can take advantage of it transiting either …
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DHL CUTS TIES WITH CARGO AIRLINES AS EFFICIENCY INITIATIVE RAMPS UP DHL’s recent cancellation of transport partnerships with third-party airlines supporting its courier and freight forwarding networks is part of a new cost improvement campaign that helped the Express division achieve first-quarter operating profit despite lower shipment volume and rising trade volatility. DHL Express’ operating …
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TRUMP MANDATES ENGLISH FOR TRUCKERS, IMPORT DELAYS EXPECTED THIS WEEK In a significant development for the trucking industry, President Trump is set to sign an executive order requiring all truck drivers in the United States to demonstrate proficiency in English.This move is hailed as a step toward improving safety in the transportation sector but is …
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FEDEX BEGINS ITS FIRST DIRECT SINGAPORE-US AIR CARGO SERVICE FedEx Corp. has introduced its first direct flight from Singapore to its regional hub in Anchorage, Alaska. The first direct connection for FedEx from Singapore to the United States is tailored to support shippers of heavier, palletized cargo rather than its express parcel network. The integrated …
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TRUMP’S U-TURN OPENS A WINDOW OF OPPORTUNITY President Trump’s volte-face on trade tariffs has opened a window of opportunity for US importers to bring in freight over the following three months, with a significantly lower tariff of ‘just’ 10%. The announcement followed a week defined by Trump’s global tariff announcements on 2 April which led …
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LINERS DRAW UP DEFENSIVE MEASURES IN THEIR ARMOURY TO FIGHT TRUMP’S TARIFF WAR In a post on his social media platform Truth Social on Monday, Trump threatened to impose an additional 50% tariff on China, following China’s implementation of a 34% counter tariff on American goods last Friday. Trump stated that if China’s latest retaliation …
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PORT FEES FOR CHINESE SHIPS MAY PROMPT GENCO TO LEAVE US MARKET Genco is the largest U.S.-headquartered bulker operator and has a substantial number of Chinese-built vessels in its fleet. As such, it is exposed to the proposed port fees on Chinese tonnage, written by the Office of the U.S. Trade Representative (USTR). If the …
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MAERSK SEALS 33-YEAR LEASE EXTENSION AT PORT OF NY AND NJ AP Moller-Maersk has reached an agreement with the Port Authority of New York and New Jersey to extend APM Terminals Elizabeth’s lease through December 2062.Originally set to expire in 2029, the 33-year lease extension “paves the way for major infrastructure investments which will enhance …
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