The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring the pain inflicted on exporters and importers struggling with stretched supply chains.
May 27, 2021Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Shipping Container Rates Top $10,000 From Asia to Europe
Biden to Meet GOP Next Week on Infrastructure After Latest Offer
President Joe Biden plans to meet with Republicans next week after a group of GOP senators pitched a fresh offer on a major new infrastructure plan that still left them over $1 trillion short of the White House’s latest proposal.
GOP Offers $928B on Infrastructure, Funded With COVID Aid
Republican senators outlined a $928 billion infrastructure proposal May 27 that would tap unused coronavirus aid, a counteroffer to President Joe Biden’s more sweeping plan as the two sides struggle to negotiate a bipartisan compromise and remain far apart on how to pay for the massive spending.
Rival Canadian Railroad Leaders Make Pitch for Kansas City Southern
Leaders of the rival Canadian National and Canadian Pacific railroads on May 26 made their pitches about why their respective railroads should be approved to purchase Kansas City Southern Railroad.
Bezos: Amazon’s Andy Jassy Will Become CEO on July 5
Amazon .com Inc.’s new CEO will take the reins on July 5, the 27th anniversary of the company’s incorporation, outgoing CEO Jeff Bezos said during the annual shareholder meeting on May 26.
UPS Launches End-to-End Cold Chain Solutions
UPS is taking the lessons learned from the coronavirus pandemic to expand its specialty pharmaceutical offerings by establishing UPS Cold Chain Solutions, a suite of technologies, capabilities and global facilities that incorporates those lessons into an integrated logistics platform, the company announced May 24.
Safety Culture Helps Fleets Guard Against Lawsuits, Experts Say
Motor carriers with a culture that prioritizes safety can protect themselves from frivolous lawsuits and help stave off the multimillion-dollar court settlements that make headlines in accident litigation involving trucking companies, safety experts said.
Trucking Groups Oppose Oakland Stadium Port Site Even as A's Mull Moving
Two California-based trucking associations continue to oppose plans for a major league baseball stadium to be built for the Oakland Athletics inside the Port of Oakland facility at the Howard Terminal, even as the team considers relocating to another city.
GOP to Offer Biden Nearly $1 Trillion for Infrastructure Plan
A group of Senate Republicans plans to present its latest offer to the White House on a major new infrastructure package on May 27, with one member saying it will weigh in at almost $1 trillion.
Oil Wavers With Talks Resuming on Potentially Reviving Iran Deal
Oil was little changed as investors weighed talks of higher Iranian supply against the prospect of a continued recovery in demand.