At IANA meeting Jensen says ocean freight rates will continue downwards but stay above 2019 levels
Speaking at the Intermodal Association of North America’s (IANA) Intermodal Expo on September 13th at Long Beach, California, Lars Jensen, CEO and partner, Vespucci Maritime…
United Air, Emirates end years of rancor with unlikely pact
United Airlines Holdings Inc. and Dubai-based Emirates have agreed to an alliance enabling them to sell tickets on each other’s flights, a reversal of years…
China mulling U-turn for more fuel exports to revive growth
China is considering allowing its oil refiners to export more fuel in an attempt to help revive its economy, which would be a reversal from…
Axle Payments rebrands to Denim, raises $126 million to scale financial automation and payments platform for freight industry
The new brand symbolizes the company's mission to build a stronger supply chain through its flexible and easy-to-use platform
US rail-strike threat risks delays on $47 billion shipping route
A potential strike by US rail workers is threatening to delay consumer goods sailing from China on one of the world’s most lucrative trade routes.
Marathon negotiations continue as US rail-strike deadline nears
Biden administration-led talks between freight-rail companies and unions to avert a US rail system shutdown extended into early Thursday morning with no word on whether…
Japan’s record trade deficit shows growing pain of feeble yen
Japan’s trade deficit ballooned to a record in August that highlights the increasing pain of the weak yen as import costs spiral upwards, adding to…
Europe gas surges as traders weigh efficacy of EU’s intervention
Natural gas surged further as traders weighed whether Europe’s steps to contain the energy crisis would be enough to stave off rationing and blackouts in…
India’s state bank opening rupee accounts for trade with Russia
State Bank of India, the country’s largest lender, is opening special rupee accounts to handle Russia-related trade settlements in the local currency but is not…
Shanghai reopening ports, resuming flights as typhoon passes
Shanghai gradually started returning to normal on Thursday after Typhoon Muifa brought strong winds and heavy rain to the financial and shipping hub overnight.
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