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Top Stories: Page 9
Port of Savannah Logs Record Cargo Volumes in September
The port brought in 1.5 million TEUs for the first quarter of its fiscal year, up 2.7% from that same period last year, and representing the second best quarter in its history.
McDonald’s Faces AI Price-Gouging Lawsuit
The case is just the latest in an ongoing battle between major retailers and customers over artificial intelligence data being used to adjust prices.
Ships Take Long Way Around as Drought Snarls Panama Canal
While sailing through the Strait of Magellan adds distance and fuel costs, its toll-free passage offers shipowners another option when constraints elsewhere drive up delays and transit costs.
Maersk Warns of Potential Super El Niño Impacts in East Africa
Maersk highlighted how flooding and damage to road infrastructure could impact access to ports, terminals, depots and inland delivery routes across East Africa between October and December.
Canada Trade Surplus Grows by Over 430% in August
According to government data released on October 6, Canada's trade surplus grew from $787 in July to four-year high of $4.2 billion in August.
Trump Temporarily Allows Truckers to Use Dyed Diesel
Whether promised savings for truckers will actually be realized remains an open question.
Ukraine War Escalates as Black Sea Drone Strikes Hit Cargo Ships
The attacks reflect how the Black Sea is becoming an increasingly precarious corridor for agricultural trade.
Nike to Nearshore More Production as It Seeks to Shrink Itself
The sportswear company wants to make its supply chain “more flexible, more responsive and more efficient,” COO Venky Alagirisamy said during a meeting with employees.
Shadow Fleet Traffic Surges Along Northern Sea Route
At least 50 shadow fleet oil tankers and 18 LNG carriers were seen traveling the NSR between mid July and mid September.
CMA Closes $1.4B Deal to Acquire FedEx Supply Chain
The combined business between CMA and FedEx Supply Chain will operate 150 warehouses, growing CEVA's North American workforce to 20,000 people across 240 locations.
Renewed Hormuz Attacks Put Gulf Oil Rebound at Risk
Seven of the vessels were attacked near the narrowest part of the Strait of Hormuz, while it remains unclear where the eighth attack took place.
CH Robinson to Buy Logistics Firm RXO in $5.8 Billion Deal
RXO shareholders are expected to own 11% of the combined company upon closing.
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