Building structural resilience, and putting the right solution in place to suit your unique brand now will ensure that firms can emerge from a volatile economy and recession stronger. 

The report released on May 14 describes how the ship experienced two electrical blackouts 10 hours before it left the Port of Baltimore.

Also included in the new tariffs were ship-to-shore cranes (0% to 25%), solar cells (25% to 50%), and lithium ion EV batteries (7.5% to 25%). 

Allianz estimates that global trade will increase by 2.8% in 2024 — below the average of 5% — blaming that on disruptions brought on by the Red Sea crisis.

If approved, the measure would likely trigger contractual challenges for European logistics firms and political backlash from other gas-buying nations.

Carlos Sugich, partner at the law firm of Snell & Wilmer, discusses the factors that are causing manufacturers to nearshore production in Mexico.

According to S&P Global, seaborne containerized freight imports into the U.S. rose by 8% year-over-year in April.

Peloton says that, between 2020 and 2023, Flexport charged D&D and other related charges that were improperly invoiced by Flexport, in violation of the Shipping Act.

The move comes as cocoa futures surged to an all-time high in April, with a supply shortfall prompting prices to more than double in three months.

Descartes estimates that China was responsible for roughly 34% of U.S. container imports in April, primarily driven by "consumer-oriented" goods.