ZIM Defies Transpacific Capacity Exodus as MSC Takes the Lead
Ocean carriers have reduced their capacity on the transpacific trade route by almost a quarter in the past year due to low freight rates.
Supreme Court Ends Use of Race in College Admissions, Rejects Affirmative Action
The Supreme Court delivered a ruling that deems race-conscious admission policies at Harvard College and the University of North Carolina unconstitutional, effectively ending affirmative action in higher education.
Shipping Impacted by Low Water Levels on Rhine River Amidst Climate Change Effects
Shipping on Germany's Rhine River is being impacted by low water levels caused by unusually dry weather in Europe.
Congressional Report Highlights Problems with Yellow Corp.'s $700 Million Loan
A Congressional report released on Tuesday revealed significant problems with the Treasury Department's $700 million loan to Yellow Corp. as part of a COVID-19 relief program in 2020.
Pentagon Begins Using Funds from Ukraine Aid Package to Expand Munitions Production and Bolster Critical Minerals Supply Chains
The Pentagon has started utilizing the $600 million Defense Production Act funding allocated from the $40 billion Ukraine aid package.
Shipping Industry Experiences Setback as China's Post-COVID Recovery Stalls
China's economic slowdown and declining exports are impacting ocean shipping, with the post-COVID rebound in domestic spending faltering.
USPS Faces Decline in International Volume, Affecting Cross-Border E-commerce Market
The U.S. Postal Service (USPS) is experiencing a significant decline in international volume, despite the growth of cross-border e-commerce.
Democratic Support for the PRO Act: A Question of Duration
The PRO Act, a proposed legislation aiming to protect workers' rights, has raised concerns among small business owners, particularly franchisees.
Why TikTok is outsourcing?
TikTok is reportedly working with third-party logistics (3PL) fulfillment service providers to build its own logistics network.
Panama Canal Expansion Project Celebrates 7th Anniversary Amidst Significant Challenges
The Panama Canal Authority marks the seventh anniversary of the expanded Neopanamax locks, which have transformed global shipping by accommodating larger vessels.
Assessing the White House's Claims on Supply Chain Normalization
The White House has claimed that supply chains today are more fluid and resilient compared to the disruptions caused by COVID-19.
Biden Administration's Clean Hydrogen Strategy Faces Policy Uncertainties and Investment Hurdles
Biden administration's ambitious clean hydrogen strategy aims to increase domestic production by 400% in less than 30 years.
Examining the Efforts of 3 Major Companies to Relocate Supply Chains from China and Their Progress Away from the 'Factory of the World'
China's longstanding position as the global manufacturing hub is facing challenges as companies reassess their supply chains.
Women in Motion mentorship program to be launched
The American Trucking Association (ATA) has unveiled its Women in Motion Mentorship Program, aimed at fostering the growth and development of women in the transportation industry.
Initiatives by the Panama Canal to Combat Water Scarcity
Ricaurte Vásquez Morales, the Administrator of the Panama Canal, recently discussed with CNBC's Lori Ann LaRocco the impact of drought on the Panama Canal and its implications for shippers.
El Niño's Impending Impact on the Horizon
The National Oceanic and Atmospheric Administration has identified El Niño conditions present in May, with expectations of gradual strengthening into the winter of 2023 and 2024, including a 56% probability of a strong El Niño developing.
Potential Global Economic Consequences in the Balance as Chaos Reigns in Russia
The global economy, already grappling with the aftermath of the pandemic and the war in Ukraine, faces further uncertainty as chaos in Russia threatens to disrupt stability.
OOIDA Urges President Biden to Seek New Department of Labor Nominee
The Owner-Operator Independent Drivers Association (OOIDA) has called on President Joe Biden to find a new nominee to lead the U.S. Department of Labor.
Paris Summit Gains Momentum: 22 Countries Back Carbon Tax for Ships
More than 20 countries, including France, Spain, Norway, and Portugal, expressed support for a carbon tax on greenhouse gas emissions from the international shipping industry during a global finance summit in Paris.
White House Unveils Strategy to Enhance Semiconductor Supply Chains
The Department of Commerce has announced a funding opportunity and application process for large semiconductor supply chain projects, providing a boost to semiconductor companies.