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Top Stories: Page 92

U.S. Senate Confirms Former Maersk Exec as Maritime Administrator
During his confirmation hearings, Carmel stressed the importance of revitalizing the U.S. shipbuilding sector, and its role in building resilient domestic maritime supply chains.
Cargo ships at the Port of Charleston. Photo: iStock / stonena7
Jim Beam to Halt Main Production Plant for 2026
U.S. distillers have faced retaliatory import taxes on their goods after Trump's so-called "Liberation Day" announcement in April saw the U.S. imposing tariffs on most countries around the world.
Photo: iStock/Thomas Faull
Malaysia’s Export Growth Slows as Trade with U.S. Declines
The U.S. — which accounts for 11% of Malaysia’s total trade — imposed a 19% tariff on the Southeast Asian nation’s goods, effective August.
A container ship docked in Johor, Malaysia. Photographer: Lionel Ng/Bloomberg
Union Pacific, Norfolk Say Merger Will Take Nearly 2 Million Truckloads off U.S. Roads
Creating a continuous, coast-to-coast railroad will also reduce the need to transfer cargo between the companies by truck at interchanges.
Norfolk Southern Corp. and Union Pacific Railroad Co. freight locomotives. Photographer: Luke Sharrett/Bloomberg
Amazon Plans New 30K Sq. Ft. DC in Oklahoma
The aim is to improve delivery times for customers throughout the region, and bring faster delivery to more rural communities.
Photo: iStock / tigerstrawberry
FedEx CEO’s Broad Network Overhaul Is Starting to Bear Fruit
Investors have grown more bullish in recent months on FedEx’s strategy, which the company estimates will produce $1 billion in permanent cost reductions in 2026.
A worker unloads packages from a FedEx truck in San Francisco. Photographer: David Paul Morris/Bloomberg
Chip Shortage Lingers as Honda Plans to Halt Output in Japan, China
The Japanese carmaker will suspend output in Japan on January 5 and January 6, a spokesperson said on December 18, without specifying which plants will be affected.
Photo: Bloomberg
Red Sea Shipping Return 'Looms Large' Over 2026
If carriers return to Suez Canal routes in large numbers, BIMCO estimates that ship demand could drop by around 10% as shorter voyages free up capacity.
Photo: iStock / IgorSPb
U.S. Logistics Companies Slash Jobs in Face of Weak Freight Demand
The number of logistics companies that have reduced their employee headcount rose from 13% to 28% between September and November.
Photo: iStock / halbergman
China Demands Controlling Stake in Sale of Panama Canal Ports
China is threatening to block the deal if state-owned carrier Cosco isn't awarded a majority stake in the sale, upping its previous demand for an equal stake.
Photo: iStock/Ceri Breeze
Holiday Returns to Reach $160B this Year
Return rates have more than doubled since 2019, and will reach 17% this holiday season.
Photo: iStock / Panuwat Dangsungnoen
Maryland Official Says Bonds Likely for Key Bridge Rebuild
President Donald Trump, who has been scrutinizing federal funding for transportation projects, said in August that he might have to reconsider the bridge funding.
Salvors continue to remove debris from the wreckage site of the Francis Scott Key Bridge collapse as seen from the edge of the remaining bridge that still stands April 17. Debris and wreckage removal is on-going in support of a top priority to safely and efficiently open the Fort McHenry channel. Photo: U.S. Army Corps of Engineers, Baltimore District
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