U.S. Bank Index: Truck freight market ends 2023 with double-digit drops in volume, spending
Fourth quarter shipments down 15.7% compared to same period a year earlier, while spending by shippers dropped 13.5%
Russian oil enters US through Bahamas blending loophole
A US refiner imported 10,000 barrels of Russian oil through a blending loophole at storage terminals in the Bahamas.
South Korea exports grow as chips and China help carry momentum
South Korean exports maintained growth momentum in January in a positive start to 2024, as demand for semiconductors continued to improve and shipments to China…
Chinese airlines give Boeing an unexpected boost with more 737 Max deliveries
China’s airlines are stepping up deliveries of Boeing Co. 737 Max jets at an opportune time for the reeling US planemaker, whose commercial activity had…
UK seeks to end N. Ireland impasse with reworked trade plan
The UK unveiled a plan to reduce trade friction on goods flowing from Great Britain to Northern Ireland, a move that is expected to persuade…
India cuts tariffs to entice more iPhone manufacturing
India is reducing import taxes on several mobile-device components to boost smartphone production, a boon for companies like Apple Inc. that are increasingly considering the…
Temu, Shein packages and electric cars prop up China’s exports
In a dismal year for China’s export economy, two categories stood out for their rapid growth: cars and cheap, direct-to-consumer parcels.
Raimondo warns Chinese EVs pose national, data security risks
US Commerce Secretary Gina Raimondo warned that Chinese-made electric vehicles pose significant national security risks, as the Biden administration weighs additional tariffs on autos from…
CMA CGM to enhance its SAFRAN service connecting North Europe with South America East Coast
CMA CGM has announced improved coverage of North European ports with its SAFRAN service linking North Europe and East Coast South America.
Hyster introduces Power Cellect™ option, providing forklift operations flexibility when choosing battery technology
New Hyster Power Cellect option enables users to easily change among major battery sources with no external accessories, software downloads or integrations required
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