DHL Express relocates in Las Vegas to new, larger facility
The $11.1M service center investment accommodates the area’s growing demand for international shipping
Freightos Weekly Update: Sub-$1k transpac rates among the signs rebound isn’t here yet
Key insights: 1. Asia - US West Coast daily ocean rates dipped to $990/FEU yesterday, a new FBX low for this lane. 2. Conventional wisdom…
Turkey is guzzling Russian diesel that Europe can’t buy
Turkey is loading up on millions of barrels of diesel from Russia that European Union countries can no longer buy.
Micron says shipments and operations unaffected by China probe
Micron Technology Inc., the US chipmaker that’s facing a cybersecurity review by the Chinese government, said that the investigation isn’t affecting its ability to deliver…
EU subsidies rule would hurt global firms, business groups warn
A draft European Union rule on foreign subsidies would have a “chilling effect” on foreign businesses operating in the bloc at a time when Europe…
Turkey’s trade gap grows as easing chip crisis boosts car demand
Turkey’s foreign trade deficit widened 3.7% on an annual basis in March, as record exports failed to offset rising imports of gold and vehicles.
Biden’s landmark climate bill lures China’s clean energy giants
China’s leading renewables firms are joining the rush to open factories in the US after Washington passed a landmark climate bill that supports local clean…
Shock OPEC+ output cuts to hit demand, rates for oil tankers
OPEC+’s shock decision to cut oil production isn’t just redrawing the outlook for crude prices, it’s also hit the prospects of tanker companies that transport…
Ørsted and Google sign first power purchase agreement in the U.S.
Google will purchase wind energy from Helena Wind Farm located in Bee County, Texas.
USTR releases 2023 National Trade Estimate Report on Foreign Trade Barriers
United States Trade Representative Katherine Tai today released the 2023 National Trade Estimate Report on Foreign Trade Barriers (NTE Report), providing a comprehensive review of…
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