Transportation News, Logistics, Ports and Trade

South Korea April 1-20 exports fall as US shipments drop amid tariffs

Reuters | April 21, 2025 | International Trade

South Korea's exports for the first 20 days of April fell 5.2% from a year earlier, dragged down by U.S.-bound shipments, customs data showed on Monday, amid President Donald Trump's sweeping tariff policies.

PANYNJ Graduates ESO Class, including K-9s, and remembers this lost on 9/11

AJOT Newsroom | April 18, 2025 | Ports & Terminals | Ports

International Trade

Stuart Todd | April 18, 2025

Cognac producers feel the heat from ‘double whammy’ China-U.S. tariffs

Leading French cognac maker Rémy Martin, part of the Cointreau group has put two-thirds of its 390-strong workforce on part-time working as a direct result of a ‘double whammy’ of tariff hikes by China and the U.S. These two countries account for around 80% of the company’s sales.

World Shipping Council urges constructive solutions following USTR port fee announcement

AJOT Newsroom | April 18, 2025 | Maritime

CSX Corp announces first quarter results

AJOT Newsroom | April 18, 2025 | Intermodal | Rail | By The Numbers

CSX Corp. (NASDAQ: CSX) today announced first quarter 2025 operating income of $1.04 billion compared to $1.34 billion in the prior year period. Net income was $646 million, or $0.34 per diluted share, compared to $880 million, or $0.45 per diluted share, in the same period last year.1

Arc expands into the commercial sector fast tracking its first electric tugboat

AJOT Newsroom | April 18, 2025 | Energy | Alternative | Green Shipping

Arc Boat Company, a startup manufacturing high-performance, fully electric boats from its headquarters in Los Angeles, April 17, 2025, announced its entrance into the commercial sector. In partnership with a West Coast shipyard, Diversified Marine, Inc., Arc will retrofit a 26 ft tugboat for use in the Port of Los Angeles.

International Trade

Stas Margaronis | April 18, 2025

California Governor sues to nullify Trump tariffs

California Governor Gavin Newsom and California Attorney General Rob Bonta filed a lawsuit in federal court “challenging President Trump’s use of emergency powers to enact broad-sweeping tariffs, alleging they hurt states, consumers, and businesses,” according to an April 16th announcement.

NY Trucking vows to continue fight against congestion pricing program

AJOT Newsroom | April 18, 2025 | Trucking

Today, in a sweeping order, District Judge Hon. Lewis J. Liman dismissed all lawsuits challenging New York’s congestion pricing program, including one brought by the Trucking Association of New York (TANY)—a plan widely criticized by stakeholders as punitive and unpopular

Maritime

AJOT Newsroom | April 18, 2025

AAFA reacts to USTR determination on Section 301 shipbuilding proposal

AAFA has actively opposed these measures. On March 24, AAFA testified at a hearing before the USTR Office and submitted comments opposing the proposal. Additionally, AAFA conducted a study determining that the proposed fees would harm U.S. farmers, workers, and the broader economy.

APSEZ acquires 50 MTPA capacity NQXT Australia, accelerating path to 1 billion tonnes p.a. by 2030

AJOT Newsroom | April 18, 2025 | Logistics

Interfit brings Brazilian logistics benefits of expert tire management at Intermodal South America 2025

AJOT Newsroom | April 18, 2025 | Logistics

LNG-fueled Capesize Bulker Verde Heraldo Delivered, Will Supply JFE Steel Mills

AJOT Newsroom | April 18, 2025 | Maritime

The Verde Heraldo will sail under long-term transport contracts to supply raw materials for JFE Steel's mills, providing both reduced environmental impact and safe and reliable marine transport services.

Italian fashion house Valentino suffers 22% profit drop in 2024

Reuters | April 18, 2025 | International Trade

Italian fashion house Valentino's operating profit dropped 22% last year, the company said on Friday, as the luxury sector faced a slowdown in global demand for high-end goods,

In US Chinatowns, merchants ‘don’t want the trade war to be a war’

Reuters | April 18, 2025 | International Trade

Last week, a pack of rice crackers at Sun Vin Grocery store on Mulberry Street in New York City’s Chinatown cost $4.99. But this week, after President

US stock futures bounce back after selloff with Japan trade talks in focus

Reuters | April 18, 2025 | International Trade

The S&P 500 and the Nasdaq opened higher on Thursday, with focus on U.S.-Japan tariff talks, while a slump in UnitedHealth's shares dragged the Dow lower. UnitedHealth's shares tumbled 18%

CMA CGM Announcement: PSS - From North Europe to the USA, Canada & Mexico

AJOT Newsroom | April 18, 2025 | Maritime

In a continued effort to provide customers with reliable and efficient services, CMA CGM Group wishes to inform of the following Peak Season Surcharge (PSS)*

Damen signs with Arena Offshore A.S. for construction of Stan Tugs 1606

AJOT Newsroom | April 18, 2025 | Maritime

Damen Shipyards Group has signed a contract with Istanbul-based Arena Offshore A.S. for the local construction of two Stan Tugs 1606. Arena Offshore. will construct the tugs in Türkiye under the Damen Technical Cooperation (DTC). With this, Damen provides tailored support to clients around the world, sharing the knowledge and technology necessary to construct its proven vessels at a third-party yard.

Damen Shipyards Group and Folla Maritime Service AS partner to strengthen position in the aquaculture market

AJOT Newsroom | April 18, 2025 | Maritime

Damen Shipyards Group and Folla Maritime Service AS are pleased to announce their collaboration in the aquaculture market. This partnership combines Damen’s global expertise in shipbuilding and Folla Maritime’s deep knowledge of the Norwegian aquaculture industry.

Trump: We will have a trade deal with China

Reuters | April 18, 2025 | International Trade

President Donald Trump on Thursday said he expects to make a trade deal with China, though he offered no specifics or indications of how talks would get underway with the two superpowers