Danish shipping company Maersk has signed a 10-year logistics cooperation agreement with Singaporean furniture brand Castlery, providing comprehensive shipping and warehousing services. Both parties aim to enhance customer experience while adopting eco-friendly transportation solutions, committed to sustainable development.
The trade agreement between the EU and the US will impose a 15% tariff on 70% of imported goods. While this eases trade friction, shipping companies are hoping for more specific details to ensure smooth execution and a stable supply chain.
Union Pacific and Norfolk Southern have reached a merger agreement, set to be completed by 2027, creating the first transcontinental railroad network in the U.S. This merger aims to enhance transportation efficiency, reduce delays, and connect 50,000 routes and 100 ports.
This article provides an in-depth analysis of the export and import tax rates, regulatory conditions, and corresponding agreement rates for sugar (HS Code 1701991010). It aims to offer valuable market information and operational guidelines for relevant enterprises and traders.
GXO has signed a strategic partnership agreement with Blue Yonder aimed at enhancing supply chain flexibility and responsiveness. Blue Yonder will become GXO's primary warehouse management system provider, and the collaboration will enable clients to achieve smarter and faster logistics services.
Forward Air has filed a counterclaim against Omni, seeking to terminate their merger agreement, citing Omni's failure to fulfill obligations and raising concerns about its good faith. Analysts suggest that terminating the deal could potentially benefit Forward Air's core business.
Forward Air is countersuing Omni, seeking to terminate the merger agreement. Forward Air claims Omni failed to fulfill its obligations and is no longer acting in good faith. Analysts suggest that abandoning the merger would benefit Forward Air's core business.
Amazon is updating its supply chain standards, effective January 19th, with stricter requirements for labor protection, grievance mechanisms, child labor, working conditions, natural resource use, and information security. Sellers should be aware that improper attempts to remove follow sellers might result in losing the right to report infringement. This article details the impact of the new regulations and the correct steps to remove follow sellers, helping sellers operate in compliance. The new rules emphasize ethical and sustainable practices within the Amazon ecosystem.
The Oakland dockworker strike exacerbated congestion at West Coast ports and accelerated the trend of cargo diversion. A combination of labor disputes, efficiency bottlenecks, and market downturns has presented significant challenges to West Coast ports. Unions and terminals need to weigh the pros and cons and seek mutually beneficial solutions to restore the competitiveness of West Coast ports. The strike highlights the need for improved labor relations and infrastructure investments to ensure the long-term viability of these crucial trade gateways.
The global supply chain faces severe challenges, with lead times reaching record highs and accelerating due to port congestion, raw material shortages, and labor shortages. Companies are actively responding by exploring alternative ports, using air freight instead of sea freight, and planning ahead. Labor shortage is the most significant challenge, with unsustainable price levels. It is recommended that companies strengthen risk management, diversify suppliers, optimize inventory, and embrace digital transformation to mitigate these disruptions and build resilience in the face of ongoing uncertainty.
