The number of vessels passing through the Suez and Panama Canal have dropped by 50%, Apollo's chief economist noted. That has boosted freight costs as vessels reroute and take longer journeys. "The ...
[Stay on top of transportation news: Get TTNews in your inbox.] Short-term rates for container shipping between Asia, Europe and the U.S. are climbing on reduced capacity caused by the threats to ...
Aug 29 (Reuters) - FedEx Corp (FDX.N), opens new tab said on Tuesday it would increase shipping rates and customs clearance service fees on imports from Jan. 1, 2024 as the parcel delivery company ...
Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spring contract renegotiation season, industry ...
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