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…
US Customs and Border Protection (CBP) will use artificial intelligence (AI) to help it detect illicit shipments, the practice of manipulating supply chains to hide a product’s true country of origin. CBP says some organizations use transshipment to evade tariffs, trade restrictions and sanctions. To prevent the practice, the agency has now awarded a “multi-million-dollar…
It’s been another week of mixed signals on spot container freight rates from major indices – with the Shanghai Container Freight Index (SCFI) continuing to show significant divergence against the indices supported by Drewry, Xeneta and Freightos. In particular, the SCFI reading for the core Shanghai-Mediterranean Port this week, which saw the spot price rise…
Maersk has unveiled a comprehensive plan to expand its presence in India, pledging $2 billion (Rs 17,000 crore) in port infrastructure, fleet localization, and supply chain development. The announcement was made during India Maritime Week 2025, underscoring the company’s long-term commitment to strengthening India’s role in global trade. Read also: Maersk announces a significant reduction…
Uber Technologies Inc. said: It plans to “significantly expand” its robotaxis and autonomous delivery fleets through partnerships with chipmaker NVIDIA, automaker Stellantis, and a host of self-driving technology providers, the companies said this week. Uber and NVIDIA are working together to support a broad global Tier 4 ecosystem – including Aurora, Avride, May Mobility, Momenta,…
Lufthansa Cargo announces strong growth and network improvements Lufthansa Cargo continues to strengthen. For the first nine months of 2025, the Logistics segment reported adjusted earnings before interest and tax of €184 million, representing a 254% increase compared to the previous year. Capacity rose 6%, sales (RCTK) rose 8%, load factor improved to 62.5%, and…
A report published by Deloitte showed that sweeping tariffs imposed by US President Donald Trump would raise operating costs, disrupt supply chains, and weaken investment momentum in the oil and gas industry in 2026. Read also: Tariff turmoil prompts early import rush as US buyers race to overcome trade uncertainty Why is it important The…
Self-driving charging technology company Aurora Innovation Inc. announced… “Rapidly expanding” its business operations by launching a second driverless route in Texas, extending 600 miles from Fort Worth to El Paso, the company said. The move comes as the Pittsburgh-based company exceeds 100,000 driverless miles on public roads and shares its plan to deploy hundreds of…
Airports have long signed partnership agreements – but are they actually increasing traffic? Today’s announcement by Chicago Rockford (RFD) and Liège (LGG) that they have signed an agreement in an effort to increase freight traffic between them will put airport partnerships back in the spotlight. The duo is set to launch joint marketing and sales…
Global trade It is evolving faster than most traditional banking systems can adapt to it. What was once a process defined by paper, delays and intermediaries is being re-engineered by digital payment infrastructure. At the heart of this shift lies a specific idea: money should move as freely as data. Read also: Modernizing Supply Chain…