International Coalition Launches 'Operation Prosperity Guardian' to Safeguard Red Sea Trade Routes
An international coalition of countries, including the United States, the United Kingdom, and others, has launched "Operation Prosperity Guardian" to counter Houthi rebels targeting commercial ships in the Red Sea.
Deutsche Bahn Launches Sale of DB Schenker to Focus on Core Railway Business
Deutsche Bahn, Germany's national railway operator, has initiated the sale of its logistics unit, DB Schenker, as part of its strategy to concentrate on its core railway business.
Reykjavik on Alert After Volcanic Eruption Threatens Gas Pollution
Iceland's capital, Reykjavik, faces potential gas pollution as a volcano erupted on the Reykjanes peninsula following weeks of earthquakes.
BP Joins Major Companies in Suspending Red Sea Shipments Amid Houthi Rebel Attacks
BP has decided to halt all shipments through the Red Sea due to recent attacks on trade vessels by Houthi rebels in Yemen.
Quebec Trucking Firm VP Sentenced to 10 Years in U.S. for Cross-Border Cocaine Smuggling
Guillaume Latour-Laitre, the vice president of a Quebec trucking firm, has been sentenced to 10 years in prison in the United States for his involvement in a cross-border cocaine smuggling operation.
Yellen Emphasizes Stabilizing U.S.-China Relationship and Collaboration on Key Issues
U.S. Treasury Secretary Janet Yellen expressed the importance of stabilizing the U.S.-China relationship during a dinner hosted by the U.S.-China Business Council.
Strong Demand Amidst Capacity Oversupply are the Insights from FreightWaves State of Freight Webinar
The FreightWaves State of Freight webinar discussed the current state of the freight market, highlighting that while truckload rates remain relatively stable, demand for freight has been strong.
Supply Chain Shifts Post-Pandemic Mean Longer Tender Lead Times and Diversification, but Lean Inventories Persist
Supply chain trends have shifted since the COVID-19 pandemic, with a focus on tender lead times increasing by 10-15%.
A Post-Pandemic Aerospace Landscape is Filled with Challenges, Recovery, and Capital Investment
In 2020, the aerospace industry faced a significant upheaval due to the COVID-19 pandemic, resulting in a sharp decline in travel demand, plummeting aircraft orders, and a major impact on aerospace suppliers.
US Commerce Secretary Voices Alarm Over China's Chip Breakthrough Amid Huawei Concerns
Commerce Secretary Gina Raimondo's got her eyebrows raised about China's chip wizardry, and she's saying Uncle Sam won't sit back.
OPEC Expresses Concern Over Possible Fossil Fuel Phase-Out Discussion at Cop28
The OPEC oil cartel has expressed concerns in leaked letters about the potential for a "fossil fuels phase out" being discussed at Cop28, the UN climate summit.
Geopolitical Uncertainty Dominates Concerns for Air Freight Industry in 2024
Geopolitical risks are seen as the primary concern for forwarders and the air freight industry in 2024, according to delegates at the ACE air freight forwarding event in Abu Dhabi.
Norwegian Union Joins Nordic Movement in Blocking Tesla Shipments Amid Labor Dispute
Norwegian labor union Fellesforbundet will block Tesla car shipments to Sweden starting December 20, in support of striking Swedish mechanics' demand for collective bargaining agreements.
Lawmakers Ramp Up Scrutiny of Shein Over IPO and Forced Labor Allegations
Lawmakers are intensifying their scrutiny of Shein, a Chinese fashion retailer, following its confidential filing for an initial public offering (IPO) in the United States.
US Commerce Secretary Signals Expanding Tech Export Controls to Slow China's Tech Advancements
U.S. Commerce Secretary Gina Raimondo stated in an interview that more controls on tech exports to China will be implemented as needed, despite concerns from businesses.
Search for Missing Airmen Continues After Osprey Crash in Japan
The search continues for two missing individuals following the U.S. military Osprey aircraft crash.
Maersk Invests $500 Million in Southeast Asia's Supply Chain Expansion and Sustainability Initiatives
Maersk is investing over $500 million to expand its supply chain infrastructure in Southeast Asia to support the region's growth as a global production and consumption hub.
Biden Administration Implements Rules to Limit China's Role in U.S. Electric Vehicle Supply Chain
The Biden administration has introduced rules aimed at reducing China's influence in the U.S. electric vehicle (EV) supply chain.
Salmonella Outbreak Linked to Cantaloupes Prompts Warnings and Recalls in the U.S. and Canada
U.S. food safety officials are warning consumers against consuming certain cantaloupe products due to an ongoing salmonella outbreak.
Sandra Oudkirk Navigates the Complex U.S.-Taiwan Relationship
Sandra Oudkirk, the top U.S. representative in Taiwan, is navigating the complex relationship between the U.S. and Taiwan, which the U.S. does not formally recognize as a country but maintains close trade and political ties with.