Port of Long Beach reports May volume declines
May volume trended down at the Port of Long Beach (POLB), according to data issued by the port this week. Total May volume, at 639,160 TEU (Twenty-Foot Equivalent Units), fell 8.2% annually, reported POLB. Imports, at 299,116, fell 13.4% annually, and exports, at 82,149 TEU, were off 18.6%. Empty containers saw a 3.2% annual increase, […]
White House executive order addresses key elements of the U.S.-U.K. trade deal
Following the initial announcement of a trade deal between the United States and United Kingdom on May 8, an executive order issued by the White House yesterday moved forward in implementing various components of the deal. When this was initially announced in May, the U.S. Department of Commerce labeled it a “historic trade deal-providing unprecedented […]
U.S.-bound imports trend down in May, reports S&P Global Market Intelligence
United States-bound imports saw May declines, according to data recently issued by S&P Global Market Intelligence. The firm reported that May imports, at 2.71 million TEU (Twenty-Foot Equivalent Units), fell 5.7% annually, with West Coast-bound imports falling 11.8% for the same period (snapping an 11-month stretch of growth), due to the implementation of tariffs in […]
DHL heralds major investment into Middle East operations
Earlier this week, global express delivery and logistics services provider DHL Group announced its plans to invest more than $500 million EUR ($577.9 million USD) in the Middle East, with a strategic focus on the Gulf markets of Saudi Arabia and the United Arab Emirates, with the total investment occurring between 2024-2030. The company explained […]
Trade-driven ‘uncertainty’ remains a major global logistics theme
In the most recent edition of the Global Port Tracker report, which was issued by the Washington, D.C.-based National Retail Federation (NRF) and maritime consultancy Hackett Associates, a comment made by NRF Vice President for Supply Chain and Customs Policy Jonathan Gold, addressing trade and tariffs, focused on how there is still “considerable uncertainty as […]
President Trump points to positive developments with U.S.-China trade deal framework
United States President Donald Trump said in a social media message that the U.S. and China have come to terms regarding the basis for a trade deal with China. Various news reports highlighted key aspects of the agreement, which President Trump said is “done, subject to final approval with President Xi and me,” including: access […]
AAR’s ‘Rail Industry Overview’ points to May U.S. rail carload and intermodal gains
United States rail carload and intermodal volumes saw annual gains, according to the new edition of the “Rail Industry Overview (RIO),” which was recently published by the Washington, D.C.-based Association of American Railroads (AAR). This free publication is issued monthly by the AAR and provides insights from AAR’s economists, regarding what rail traffic is saying […]
Logistics sector grows for second straight month amid rising costs and tight warehousing, LMI reports
Driven by a whole host of factors, most notably increased costs, the logistics sector expanded in May for the second consecutive month, according to the recently-released Logistics Manager’s Index (LMI). The monthly LMI is a joint project among researchers from Arizona State University, Colorado State University, University of Nevada, Reno, Florida Atlantic University, and Rutgers […]
3PLs navigate uncertainty in $10.15B Big and Bulky Last-Mile Market, notes Armstrong report
A new report issued this week by Brookfield, Wis.-based supply chain consultancy and global third-party logistics (3PL) research provider Armstrong & Associates, in collaboration with the National Home Delivery Association, examines the current state of a key aspect of the last-mile delivery market, big and bulky last-mile delivery. Entitled “Delivering through Uncertainty: Big and Bulky […]
FedEx rolls out rate increases for various service offerings
Not long after its key competitor, UPS, rolled out rate increases for several of its service offerings, Memphis-based global freight transportation and logistics services provider FedEx this week rolled out some rate increases of its own. One of the new rate changes announced by FedEx is for its fuel surcharges for its domestic package and […]