The three main segments of the U.S. trucking market continue to swing in different directions as carriers struggle for revenue amid a cloudy economic outlook and muted peak expectations, according to a report from AFS Logistics and TD Cowen. Specifically, the latest data shows that truckload carriers are struggling with persistent excess capacity and low…
Aluminum servers and artificial intelligence are contributing to global air freight rates rising — but freight forwarders don’t expect it to lead to peak season after all. TAC Index, which this week launched daily spot air freight indicators, including new routes from Hong Kong and India… To read this article you need to subscribe. Help…
The United States and China agreed on Thursday to halt tit-for-tat duties on each other’s ships that have become a major irritant in the broader trade war between the world’s two largest economies and driving up shipping costs. Reuters reported the agreement. Read also: Oil prices rise after the framework agreement on trade between the…