[Freightos Weekly Update] Frontloading continues to put pressure on transpacific rates
Transpacific ocean rates increased slightly last week and are about 15% higher than at the start of December as frontloading ahead of expected tariffs is…
Biden launches new US trade probe into legacy Chinese chips
The Biden administration on Monday announced a last-minute trade investigation into Chinese-made "legacy" semiconductors that could heap more U.S. tariffs on chips from China that…
Swiss business gets Christmas bonus from EU trade deal
Swiss business welcomed a new deal to overhaul the country's relationship with the European Union, bringing Christmas cheer to an economy that is set to…
Honda and Nissan start merger talks in historic pivot
Honda and Nissan have started talks toward a potential merger, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat…
Brazil’s Petrobras to sign deal for four new support vessels built locally
Brazil's Transpetro, a unit of state-run oil firm Petrobras, said on Monday that local shipbuilding firms Ecovix and Mac Laren had won a tender to…
Brazil bridge collapses, spilling sulfuric acid into river
A bridge connecting two states in Brazil's northern and northeastern regions collapsed on Sunday as vehicles were crossing, killing at least one person and spilling…
China’s Nio says new Firefly EV to go on sale in Europe in H1 2025
China's Nio on Sunday said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting that…
BTS Data reveals long-term trend in North American freight trucking
According to the Bureau of Transportation Statistics North American freight data, a long-term trend is emerging between U.S., Canada, and Mexico freight trucking. This report…
DAT: November truckload volumes lagged robust October
After gaining momentum throughout the year, last month’s spot truckload freight volumes retreated to their lowest point since January, said DAT Freight & Analytics, which…
S&P Global: Triborough Bridge and Tunnel Authority, NY Series 2025A revenue bonds assigned ‘A+’ rating; outlook stable
S&P Global Ratings assigned its 'A+' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s proposed $1.3 billion (Metropolitan Transportation Authority [MTA] Bridges…
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