The transition in global trade dynamics has intensified the demand for multipurpose and heavy-lift vessels, fundamentally transforming the breakbulk shipping sector. This development stems from increasing international infrastructure projects alongside expansions within the energy sector,
In a strategic approach that may seem counterintuitive at first, major retailers such as Amazon and Walmart are now offering refunds to customers without requiring them to return certain inexpensive items. This developing trend highlights an intriguing shift in retail logistics and customer
CEVA Logistics, a division of the CMA CGM Group, announced a strategic acquisition to strengthen its hold in the Turkish market through a definitive agreement to fully acquire Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi for $440 million. This transaction is subject to customary
The transformation of the air freight industry in the United States was a gradual yet revolutionary process that saw the evolution from a limited service into an essential component of global logistics. All-cargo airlines played a pivotal role in this metamorphosis, reshaping the logistics sector
The Office of the U.S. Trade Representative (USTR) announced a new policy targeting China-linked ships arriving at U.S. ports starting October 14. Vessels built in China or owned by entities connected to the country will incur fees ranging from $18 per net ton to $120 per container, with exceptions
Global logistics rents have experienced their first notable decrease in more than a decade, according to Prologis' report, “2024: Market Rents Reset After Years of Performance.” The report reveals a 5% drop in global logistics rents for 2024, including a 7% decrease in the U.S. and Canada and a 1%
