A huge fire broke out in the cargo village of Dhaka Airport on Saturday afternoon, halting operations at the country’s main airport, Lodestar’s Bangladesh correspondent wrote. Dozens of flights were unable to land at the airport and were diverted, while other flights were suspended. There were no reports of deaths, but about 25 members of…
Major US technology companies Microsoft, Amazon and Google are accelerating efforts to move production of their products and data centers out of China, according to a report from the Nikkei newspaper that cites supply chain sources. Read also: China is betting on stock market pressures in the trade confrontation with the United States Microsoft aims…
Wixom, Michigan – October 8, 2025 – ISD – Integrated Systems Design announces the launch of URBX Automated Storage and Retrieval System, a cube-based robotic ASRS that fundamentally changes how distribution centers, warehouses and manufacturer operations handle high-density storage and fast fulfillment. The URBX Cube Robotics ASRS system addresses three critical pain points facing warehouse…
Spot container freight rates on key East-West trades reversed months of consecutive declines this week with a series of general rate increases (GRIs) and new FAKs. [Freight All Kinds] Price levels on Wednesday. In percentage terms, the largest rate increases were seen in trade between Asia and Northern Europe. The Shanghai-Rotterdam share of the Drewry’s…
US President Donald Trump extended tariff cuts for domestic automakers until 2030, according to an Associated Press report. The measure was part of a proclamation signed by Trump on Friday that also imposed a 25% import tax on medium- and heavy-duty trucks, effective November 1. Read Also: Why Trucking Fleets Are Accelerating Their Transition to…
Inventory counting robot maker Dexory said today it has raised $165 million in its latest round of financial support, saying the new funding will help it accelerate global expansion and AI-powered capabilities. Eurazeo led the Series C round with participation from LTS Growth and Endeavor Catalyst, along with existing investors DTCP, Atomico, Lakestar, Elaia, Latitude…
Spot and contract rates for ocean services to Bangladesh are expected to rise following the Chittagong Port Authority’s (CPA) decision to ban box lines from charging surcharges. Late yesterday, the Coalition Provisional Authority canceled its licenses for two Maersk-class ships after violations related to surcharges, following the cancellation of seven… To read this article you…
WASHINGTON – US Federal Reserve Governor Stephen Meiran said that economic growth for next year depends on the outcome of escalating trade risks between the United States and China, according to Reuters. “We’ll have to see how things go in the next few weeks,” Miran said on Fox Business Channel’s “Morning with Maria,” referring to…
When disaster strikes, hours and minutes matter, at least when it comes to humanitarian aid groups. But in order to coordinate a rapid response, these agencies first need to know what relief supplies are available in the area and where to store those supplies so they can arrange their delivery. This information was not always…
An extraordinary meeting of the Marine Environment Commission (IMO) this week reached a disappointing but expected outcome, with delegates voting yes to a spoilsport proposal led by Saudi Arabia that delayed the adoption of the Net Zero Framework (NZF) for shipping and dragged out discussions for another year. Shortly after the opening, IMO Secretary-General Arsenio…