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.

The report projects that the U.S. will grow its manufacturing share of advanced logic chips to 28% of global capacity by 2032.

Ex-Asia rates have increased by around $1,000/FEU since the end of April, climbing to $4,000/FEU for routes to the U.S. West Coast and Northern Europe.

When sanctions were placed on Russian oil sales following the war in Ukraine, the Laconian Gulf became a key spot for switching cargoes between vessels, prompting environmental concerns.

Although Houthis have regularly hit vessels in the southern Red Sea and Gulf of Aden since November 2023, there's little evidence they can do so beyond those waters.