Gary G Burrows
Mexican President Claudia Sheinbaum on Dec. 20 introduced measures to protect the Mexican textile and apparel industries while addressing compliance challenges under the country’s IMMEX program, according to a report from Sandler, Travis and Rosenberg PA.“These changes represent a significant shift in Mexico’s trade and manufacturing landscape, will result in increased import costs for affected goods, and may require importers (particularly those fulfilling U.S. e-commerce orders from Mexico) to adjust ...
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The U.S. economy in November displayed resilience amidst a transitioning monetary policy and external disruptions but faced ongoing challenges in housing affordability, labor market cooling, and inflationary stickiness, according to the latest ITS Logistics Supply Chain Report.Growth prospects also remain modestly positive, with fiscal and monetary adjustments likely to play ...
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Drewry, the maritime research and consultancy, said its World Container Index increased 3 percent to USUS$3,905 per 40-foot equivalent unit, or FEU, the week of Jan. 2.The latest Drewry WCI composite index is 62 percent below the previous pandemic peak of USUS$10,377 in September 2021, but it is 175 percent ...
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The Containerization & Intermodal Institute, or CII, honored Allen Clifford, executive vice president, MSC Mediterranean Shipping Co. (USA) Inc. with the 2024 Connie Award in front of nearly 600 transportation industry experts gathered on Dec 9 in Newark, NJ.Additionally, Clifford Pyron, advisor at Georgia Ports Authority, was presented with the ...
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Estes Express Lines and R+L Carriers affiliate Ramar Land Corp. said they will pay US$192.5 million for eight owned properties and four leased terminals from the administrators of Yellow Corp., the bankrupt less-than-truckload carrier.Estes will pay US$142.5 million for seven owned and four leased terminals with a total 939 doors ...
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President-elect Donald J. Trump expressed strong support for longshoremen and the International Longshoremen’s Association it its negotiations with terminal operators, following a two-hour meeting Dec. 12.Trump met with Harold J. Daggett, ILA president, and Dennis A. Daggett, ILA executive vice president at Trump’s Mar-A-Lago office in Palm Beach, Florida. The ...
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Singapore-based carrier Ocean Network Express, or ONE, will join Ocean Alliance members CMA CGM, COSCO Shipping Lines, Oriental Overseas Container Line and Evergreen Line in three North Europe Transatlantic services, effective from February 2025.
“Combining our collective fleet deployment and market experience to provide a comprehensive and reliable end-to-end customer service ...
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Global mid-market business leaders are relatively optimistic for 2025, despite seeing a recession as a foregone conclusion, according to a survey by U.S. accounting firm Moss Adams LLP.The 2024 Mid-Market Report, which targets owners and CEOs of businesses reporting US$50 million to US$500 million in yearly income, finds leaders largest ...
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Buoyed by six straight months of historic volumes, the Port of Long Beach is on course to reach 9.6 million cargo containers by the end of 2024 without congestion or other disruption and exceeding the previous record set during the pandemic in 2021.The Port of Long Beach also achieved its ...
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OUTLOOK Report from Magaya
The global logistics industry may soon be faced with further disruption as U.S trade policy transitions to President-elect Trump and a new Congress in January.Already, announcements of proposed tariffs and regulatory shifts are causing concern about their impact to global supply chains, said Magaya in releasing its ...
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