The “terrible” weather in Mozambique is exacerbating an already difficult situation for supply chain operators in East Africa, as the region grapples with political turmoil in Tanzania and severe congestion in Kenya. CMA CGM yesterday announced a Port Congestion Surcharge (PCS) of $200 per TEU on all shipments to Beira in Mozambique, which will come…
UPS Inc., the package delivery and logistics giant, paid $1.6 billion to acquire Andlauer Healthcare Group Inc. (AHG), a Canadian company that provides customized third-party logistics (3PL) and specialized cold chain transportation solutions to the healthcare industry. According to UPS, the deal underscores its commitment to providing global specialized capabilities as a leading provider of…
A combination of faltering demand, weak spot freight rates and a sharp injection of expected capacity has brought transatlantic container trade to breaking point. The news comes alongside a warning that carriers must act, today in The Loadstar, as they face excess capacity and low rates for years to come. Spot rates on westbound transatlantic…
President Donald Trump said he will not attend this week’s Supreme Court hearing on the legality of the global tariff regime. Bloomberg reported that the president made the announcement while returning to Washington from his home in Mar-a-Lago on Sunday. Read also: President Trump warns of economic conflict if the Supreme Court rules against tariffs…