FedEx cuts forecast as it reported softer demand for deliveries
FedEx Corp. reduced its full-year profit outlook after reporting lower-than-expected quarterly earnings due to...
Hutchison Ports YANTIAN, Port of Long Beach ink deal on green maritime economy
Hutchison Ports YANTIAN (YANTIAN) and the Port of Long Beach have signed a memorandum of cooperation to promote a green...
IATA: Air cargo demand marks 6th month of double-digit growth
The International Air Transport Association (IATA) released data for May 2024 global air cargo
US sues Dali shipowner for US$100M over Baltimore Bridge collapse
The United States (US) Justice Department has filed a US$100 million lawsuit against the owner and manager of the M/V...
WorldACD: Bangladesh, Japan rates soar as disruptions persist
Soaring air cargo spot rates from Bangladesh and Japan and a surge in tonnages from Dubai have further boosted an...
ILA work strike could upend US supply chains, lead to pandemic-level bottlenecks
The increasing likelihood of a labour strike at the ports on the US East and Gulf Coasts starting October 1 is...
time:matters partners with cargo.one
German urgent transports and time-critical logistics company time:matters has announced a global partnership with...
DHL: Global postal services slash annual CO2 emissions by 40% since 2008
Postal companies in Europe, North America, Oceania, Africa and Southeast Asia—which have worked together since 2008...
Hawaiian Air Cargo joins Alaska Air Cargo following merger
Hawaiian Air Cargo has joined Alaska Airlines Cargo after Alaska and Hawaiian Airlines completed its merger....
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S&P: Global trade growth expected to rise to 4.8% in Q4 2024
Supply chain activity growth remained slow at a global level, according to a new S&P Gl
Asia Pacific airlines record continued expansion in cargo demand
Airlines in the Asia Pacific reported another month of cargo growth in May, driven by an
CREDIT: ISTOCKPHOTO/SHARAMAND
Mexico has been one of the major winners of the nearshoring trend that has seen North American and European companies look to diversify their procurement by sourcing a larger portion closer to home. Containerized exports from China to Mexico were up 60% in January. Trade between China and Mexico accelerated from 3.5% growth in 2022 to 34.8% last year.
Mexico soars on nearshoring, flows from Asia
In early May, CMA CGM announced a new trans-Pacific container service for shipments from the
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