Tariff deadline set off spike in cross-border trucking rates, data shows
Rates for cross-border trucking to and from the U.S. jumped in the lead up to President Donald Trump's new tariffs on Canada and Mexico, as…
Port of Albany awarded $18.8M from FAST NY Shovel-ready program
Infrastructure installations for the Port’s expansion project enhance potential for additional investment/economic generation.
Shipping firms pull back from Hong Kong to skirt US-China risks
Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do…
Höegh Aurora, the world’s largest car carrier, made its inaugural call to Port Freeport
On Tuesday, March 4, Port Freeport welcomed the Höegh Aurora during its inaugural visit. The Höegh Aurora is the world's largest and most environmentally friendly…
US trade deficit hits record high in January on imports surge
The U.S. trade deficit widened to a record high in January amid front-loading of imports ahead of tariffs, suggesting that trade could be a drag…
Mexican companies hold back U.S.-bound exports, hoping for tariff reversal
The flow of Mexican goods exported to the United States has slowed as companies anxiously hold back stock and wait to see if U.S. President…
DHL cuts 8,000 jobs, biggest domestic cull in decades
Germany's DHL plans to cut 8,000 jobs in Germany this year, the biggest staff reduction programme in its home market in at least two decades,…
Tariff reprieve likely to be extended to all USMCA-compliant goods, Lutnick says
U.S. Commerce Secretary Howard Lutnick on Thursday said the one-month reprieve on hefty tariffs on goods imported from Mexico and Canada that has been granted…
IMF says U.S. tariffs, if sustained, will hit economies of Mexico, Canada
If sustained, U.S. tariffs imposed on Mexico and Canada will have a significant adverse impact on the those countries, the International Monetary Fund said on…
Microsoft to invest $300 million more in South Africa’s AI infrastructure
Microsoft will invest an additional 5.4 billion rand ($296.81 million) by the end of 2027 to expand its cloud and artificial intelligence infrastructure in South…
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