As companies face an increasingly complex and risky cross-border trading environment, they cannot afford to become complacent when it comes to continually improving their compliance program, especially with enforcement activity in full swing and penalties for non-compliance becoming more stringent and more common. Read also: Leveraging shipping technology for smarter global business operations Consider it…
Statistics released today on factory automation show that 542,000 industrial robots will be installed in 2024 – more than double the number 10 years ago – according to the International Federation of Robotics (IFR). The group’s latest report says annual installations exceeded 500,000 units for the fourth year in a row. Asia accounted for 74%…
Following the completion of its upcoming investment in Morocco earlier this week, CMA CGM is preparing to expand its global portfolio further after signing a joint venture to develop a new terminal in the Red Sea port of Jeddah in Saudi Arabia. At a Future Investment Initiative event in Riyadh this week, French transport subsidiary…
Global supply chains are evolving rapidly, not only to keep up with demand, but to meet the urgent call for sustainability. Companies in every industry are rethinking how products move, how waste is managed, and how materials can live multiple lives within the same system. The old linear model, make, use, throw away, no longer…
Import volumes into the U.S. fell slightly in August, suggesting that the traditional surge in tow activity spanning late Q3 to early Q4 will not materialize for the peak season in 2025, according to a report from third-party logistics (3PL) provider ITS Logistics. This decline on the coast comes after American companies rushed to import…
ID 93709604 © Roman Teraspolsky | Dreamstime.com Written by Charlotte Goldstone 10/28/2025 Amid the culling of 4% of its workforce, UPS affirmed compliance with the Teamsters contract and boasted more cost-saving measures when announcing its third-quarter performance. On an annual basis, consolidated revenue for the third quarter was $21.4 billion, and although up from last…
The International Maritime Organization’s decision to postpone a global carbon pricing framework has drawn sharp criticism from industry leaders who say the energy transition at sea is already well underway. Read also: Shipping giants warn IMO Net Zero plan could cost industry $300 billion by 2035 At its extraordinary session held in London from 14…
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. The Series C round was led by Eurazeo, with participation from LTS Growth and Endeavor Catalyst, along with existing investors DTCP, Atomico, Lakestar,…
Dubai-based CStar Line, one of the opportunistic new entrants to Russian services in 2023, will cease all operations just three months after launching its China-Red Sea service. CStar and its Chinese subsidiary STF Shipping have become the latest victims of weak shipping volumes to and from Russia, Linerlytica reported today. After the United Nations, the…
A wave of concern about tariffs has prompted American importers to bring in goods next spring months ahead of schedule, with small suppliers stockpiling Chinese-made goods to avoid potential 100% import duties threatened by the Trump administration. Read also: US port volumes decline as tariff turmoil worsens and supply chains shift offshore Ahead of last…