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GovernmentBusinessLogisticsGlobal Freight

Supply Chains Have Healed, Yet Their Mark on Inflation to Endure

Supply chains across the world are healing up almost as fast as they broke down. That doesn’t mean the pressure they’re exerting on inflation will disappear as quickly.

February 27, 2023
BusinessLogisticsFor-HireGlobal Freight

FedEx Pilots Plan Strike Authorization Vote as Labor Talks Stall

FedEx Corp. pilots are inching closer to a potential strike as negotiations stall on a new labor agreement.

February 23, 2023
BusinessLogisticsGlobal Freight

Maersk Suing Evergreen Over 2021 Suez Canal Blockage

Shipping giant A.P. Moeller-Maersk said in an email to The Associated Press that it filed a claim against Evergreen Marine Corp., the vessel’s Japanese owner and its German technical manager in the Danish Maritime and Commercial High Court.

February 13, 2023
BusinessEquipmentGlobal Freight

Maersk Sees Global Trade Contracting as Much as 2.5% in 2023

A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.

February 8, 2023
BusinessLogisticsGlobal Freight

Thousands of CSX Workers First to Get Paid Sick Leave

OMAHA, Neb. — Several thousand workers at CSX will soon get one of the things that pushed the U.S. railroad industry to the brink of a strike last fall: paid sick time.

February 8, 2023
BusinessEquipmentLogisticsGlobal Freight

Supply Chains Must Change, Says Maersk’s Ditlev Blicher

Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.

February 8, 2023
BusinessFor-HireGlobal Freight

FedEx to Cut Management Jobs by More Than 10%

FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for package delivery.

February 1, 2023
GovernmentBusinessGlobal Freight

Drop in Global Shipping Costs Signals Cooling Inflation, Experts Say

The pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp drop in maritime-freight expenses since peaking last year will contribute to an easing in price pressures.

January 25, 2023
BusinessGlobal Freight

Union Pacific Profit Disappoints After Costly Winter Storms

Union Pacific Corp. reported fourth-quarter profit that missed analysts’ estimates as disruptions from winter storms drove up costs.

January 24, 2023
BusinessLogisticsGlobal FreightTCA

Port of Mobile Posts All-Time Container Shipping Figures in 2022

The Port of Mobile has set a new record for annual container traffic, beating the benchmark it set in 2021 by more than 11%.

January 20, 2023