[Freightos Weekly Update] Drought-driven canal surcharges likely to push East Coast rates
Key insights: 1. As many large importers have still not finalized long-term ocean contracts, carriers are considering a June GRI to push rates up and…
Girteka takes the next step in becoming a global company by cooperating with Citi
Girteka, the leading asset-based logistics company in Europe, has announced a strategic partnership with Citibank Europe plc (Citi) to take its financial operations to the…
Kalmar’s Shanghai plant achieves significant milestone as 6,000th machine rolls off the production line
Kalmar, part of Cargotec, is celebrating a significant milestone with the completion of the 6,000th machine, a reachstacker, at its manufacturing plant in Shanghai, China.…
U.S. Department of Energy launches new energy Earthshot to decarbonize transportation and industrial sectors through clean carbon sources
The Clean Fuels & Products ShotTM will reduce emissions and develop cost-effective fuels and products for aviation, marine, and other hard-to-decarbonize sector
Wilson Sons reports growth at the Santo André Logistics Centre (São Paulo), which completes 25 years
Largest bonded area in São Paulo, the business unit celebrates its anniversary in May. It connects the industrial district of the ABC with the state…
U.S. gasoline prices are down from 2022 heading into Memorial Day weekend
The retail price for regular-grade gasoline in the United States on May 22, the Monday before Memorial Day weekend, averaged $3.53 per gallon (gal), 26%…
New warehouse at CargoCity South in Frankfurt am Main
Geis Air + Sea has moved into a new air freight warehouse in CargoCity South at Frankfurt Airport from 01.03.2023. CargoCity South is the most…
Europe is successfully replacing its lost Russian diesel supply
The European Union is managing to replace shipments of diesel from Russia — by far the bloc’s top external supplier before a ban on seaborne…
Reclusive $30 billion tycoon suffers dual blows as AMLO circles
German Larrea Mota Velasco, the elusive billionaire who inherited and expanded a mining fortune, is suddenly Exhibit A for the difficulties of doing business in…
USCBC releases latest report on US exports to China
The US-China Business Council (USCBC) today released its latest report, US Exports to China, an annual report that overviews the most recent data available on…
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