U.S. business logistics costs grew by 19.6% year-on-year in 2022 after coming in at $1.937 trillion in 2021, according to CSCMP's annual State of Logistics Report.
Pipavav port, operated by APM Terminals, resumed landside operations, the company said in a statement late June 16, though marine and quay-side operations remained suspended.
Trafigura said it expected to lose nearly $600 million due to “systematic fraud” perpetrated by businessman Prateek Gupta, according to legal filings seen by Bloomberg.
Airbus expects global installed fleets to more than double through 2042 to 46,560 aircraft, with 23,680 planes representing growth and 17,170 going toward the replacement of older jets.
The German automotive industry said it won’t be ready to meet 2024's new production thresholds because Europe’s battery supply chain is still ramping up, according to the VDA lobby.