As tariffs were being slapped on hundreds of goods, shipping rates for dry bulk — the segment that hauls billions of tons of coal, iron ore and crops around the globe — kept rising. But no more.
For the ocean shipping business today, it’s tough enough navigating the rough waters caused by economic cycles. But do carriers sometimes make their own waves?
FedEx will boost most prices by an average of 4.9 percent starting in January, more than double the expected rate of U.S. inflation next year, as freight demand surges.
Starship Technologies plans to broaden its delivery service beyond food to include packages, a move that led it to declare itself “the world’s first robot package delivery service.”