The cost of shipping gasoline is soaring after Russia sanctions
The cost of moving gasoline and other fuels on ocean-going tankers is soaring days after sanctions targeting Russia’s petroleum sales.
Top four cold chain growth drivers in 2023
Refrigerated container market continues to grow as movement of temp-controlled cargo proliferates worldwide
Patience wanes over west coast port-labor talks as cargo drops
Talks for a new labor pact between West Coast dockworkers and their employers are stretching into a 10th month, but with no agreement in sight…
UK trade deficit with EU hits record as Brexit curtails exports
The UK’s trade deficit with the European Union widened to a record in the final quarter of 2022 as imports from the bloc jumped.
Sinopec, among China’s oil giants seeking more Russian imports
China’s state-owned oil refining giants are speeding up purchases of Russian crude, citing the allure of cheap cargoes from the OPEC+ producer as demand recovered…
Mexico stuns markets with half-point rate hike on new inflation gain
Mexico stunned markets Thursday by increasing interest rates by half a percentage point, in a move by the central bank to outpace the US Federal…
Southwest Air executives lose pay after December meltdown
Southwest Airlines Co.’s leaders will take a pay cut following the December breakdown that resulted in thousands of flight cancellations and more than $1 billion…
Zim is gearing up to help the victims of the earthquake in Turkey
ZIM, through its representative office in Izmir, Turkey, donated and sent containers loaded with humanitarian aid and equipment, as a first phase in an aid…
ECU Worldwide announces appointment of Shetty as global head of ECU 360
ECU Worldwide, Allcargo Logistics’ wholly-owned global subsidiary, today announced that it has appointed Jitesh Shetty as Global Head of ECU 360 effective immediately.
Tokyo Electron raises outlook as China chipmakers rush delivery
Tokyo Electron Ltd. raised its profit outlook for the year after Chinese chipmakers moved up deliveries ahead of a possible crackdown on exports of Japanese…
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