The latest ruling by the South Asian nation, which has already imposed restrictions on wheat and sugar exports, would affect about 25% of total rice shipments from India.

UPS said that it is pleased to be continuing contract negotiations and that it's prepared to meet some of the union’s demands for better pay and more benefits.

Wheat prices grew by 8.2% on the European stock exchange from July 18 to July 19 while U.S. wheat futures rose by 8.5%. 

The British Columbia Maritime Employers Association said the actions by both sides show that the negotiations remain unpredictable.

The country didn’t export a single LNG cargo during June and has dispatched only one shipment so far in July.

Logistics companies are increasingly turning to software providers to innovate and create a digital experience in bill of lading management. 

The union said that a board overseeing the Teamsters' pension and welfare funds will suspend benefits starting July 23 unless Yellow Corp. makes the payments it missed July 15.

Slovakia, Hungary, Romania, Bulgaria and Poland will still let Ukrainian food exports move through their land to other parts of the world.

The new location offers direct planeside recovery, immediate unit load device (ULD) transfers to the facility and reduced processing fees.

As inflation lingers, the tough times for the freight industry are likely to continue. But shippers and carriers have the power to combat rising costs.