Some of the world’s largest container-shipping lines are ordering new vessels amid surging demand for ocean-cargo services, giving a long-awaited boost to the outlook for shipyards in Asia.
Chinese solar companies are among 175 around the world that signed a non-binding pledge by a U.S. trade group to avoid forced labor. It will be much harder for them to actually cut ties with Xinjiang, the western China region facing increasing scrutiny for human-rights abuses.
Trade disruptions that have sent freight rates soaring and overwhelmed major ports may start to ease after the first quarter, Maersk said — disappointing investors but signaling eventual relief for cargo shippers.
Peter Friedmann, executive director of the Agriculture Transportation Coalition, describes the “transportation crisis” that exporters are facing today, as they struggle to secure containers for their shipments to Asia.
The Biden administration’s first test of its climate change policy could come this week in a legal dispute over battery components seen as key to growing electric vehicle adoption in the U.S.
Most of the world is yet to experience the benefits of a 5G network, but the geopolitical race for the next big thing in telecommunications technology is already heating up.
Thomas Goldsby, professor and Haslam Chair in Logistics in the Supply Chain Management Department of the University of Tennessee-Knoxville, discusses the changes in automotive supply chains being wrought by the coronavirus pandemic and shifts in consumer buying habits.
Soaring freight rates and delivery delays have sparked a global backlash by companies frustrated about the destructive mix of deteriorating service and higher ocean shipping costs.