Transportation News, Logistics, Ports and Trade

Lilly’s weight-loss drug launch in India to energize rivals eyeing mega market

Reuters | March 20, 2025 | International Trade

Eli Lilly on Thursday launched in India its diabetes and weight-loss drug, Mounjaro, which has already clocked in over $20 billion in global sales since its initial U.S. launch in 2022.

Planned turnaround ongoing at Phillips 66’s Wood River refinery, IIR says

Reuters | March 20, 2025 | Energy

Phillips 66's 356,500 barrel-per-day Wood River refinery is undergoing a turnaround, research company IIR Energy said on Thursday.

Proposed US port fees on China-built ships begin choking coal, agriculture exports

Reuters | March 20, 2025 | International Trade | Commodity | Ports & Terminals

President Donald Trump's plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture market, as exporters struggle to find ships to send goods abroad.

Hapag-Lloyd sees earnings falling further this year as US tariffs, Suez weigh

Reuters | March 20, 2025 | Maritime | Liner Shipping

Container shipping firm Hapag-Lloyd said on Thursday net profit fell nearly 19% in 2024 and is expected to decline further this year, with U.S. tariffs and Houthi militant attacks on shipping in the Red Sea clouding the outlook.

International Trade

Reuters | March 20, 2025

EU may delay first counter-tariffs against U.S. to mid-April

The European Union could delay imposition of a first set of counter-measures against the United States over President Donald Trump's steel and aluminium tariffs until mid-April, European Trade Commissioner Maros Sefcovic said on Thursday.

New Head of Construction for Port Authority Mega-Projects swings big

AJOT Newsroom | March 20, 2025 | Ports & Terminals | Ports

As the Port Authority’s newly appointed director of construction for major capital projects, it’s Rogers’ job to find collaborative, innovative ways to overcome those “fun” challenges en route to completing mega-projects like John F. Kennedy International Airport’s redevelopment, the George Washington Bridge’s restoration and the new Midtown Bus Terminal.

Drewry: Monthly port throughput assessment

AJOT Newsroom | March 20, 2025 | Ports & Terminals | Ports | By The Numbers

Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 340 ports worldwide, representing over 80% of global volumes. The base point for the indices is January 2019 = 100.

Elemica™ awarded with FedEx Compatible Platinum Tier for the 3rd consecutive year

AJOT Newsroom | March 20, 2025 | Shipping Technology

Tanker - Weekly Market Monitor week 12 - 2025

AJOT Newsroom | March 20, 2025 | International Trade | By The Numbers

Snapshot of Crude and Product Freight Rates, Supply-Demand

TIACA Releases the Air Cargo Industry’s Fifth Annual Sustainability Report

AJOT Newsroom | March 20, 2025 | Air Cargo | General | By The Numbers

Tariffs may accelerate Canadian lumber industry’s southward shift, hunt for new markets

Reuters | March 20, 2025 | International Trade | Commodity

U.S. President Donald Trump's tariff threat could motivate more Canadian lumber producers to shift to the U.S. southern border while accelerating efforts to find new markets, industry experts said.

CK Hutchison posts 11% fall in profit as Panama ports deal saga ramps up

Reuters | March 20, 2025 | Ports & Terminals | Canal and Waterway

CK Hutchison on Thursday reported an 11% drop in underlying profit for 2024, as one of Hong Kong's most powerful conglomerates becomes increasingly embroiled in a political row over the sale of its ports business to a BlackRock-led consortium.

US companies race to secure import tariff exemptions after Trump pause

Reuters | March 20, 2025 | International Trade

Washington's temporary relief for import tariffs on goods covered under the U.S.-Mexico-Canada Agreement (USMCA) has triggered a spike in US companies seeking exemption under the trade deal, industry experts said.

International Trade

Stas Margaronis | March 20, 2025

U.S. agricultural exporters and smaller ports in the crosshairs of U.S. policies

Intended or not, smaller U.S. ports and U.S. agricultural exporters are likely to be the big losers if the Trump administration goes ahead with assessing penalties on ocean carriers sailing on Chinese-built ships calling at U.S. ports. Carriers who own Chinese-built vessels could be subject to penalties as part of the U.S. Trade Representative (USTR) Section 301 investigation resulting in penalties.

BRW now a DoD-approved transportation provider, strengthens government & defense supply chain position

AJOT Newsroom | March 20, 2025 | Logistics | Supply Chain

BRW, an industry-leading provider of fully integrated supply chain services, including trucking, logistics, warehousing and fulfillment services nationwide, proudly announces that its Trucking Division received designation as a fully approved Department of Defense (DoD) Transportation Service Provider (TSP) and its Logistics Division received designation as a fully approved DoD Freight Carrier by the Military Surface Deployment & Distribution Command (SDDC), further solidifying its position as a trusted partner in Government and Defense logistics.

Sunset Transportation: Shippers thrive with 3PLs combining tech, expertise, and high-touch service

AJOT Newsroom | March 20, 2025 | Logistics | Supply Chain

Leveraging tech partnerships and AI for streamlining operations, end-to-end visibility, fraud prevention, and maintaining cross-border operations are competitive differentiators 3PLs should provide shippers

Spirit Airlines LLC Upgraded To ‘CCC+’ On Emergence From Bankruptcy; Outlook Stable

AJOT Newsroom | March 20, 2025 | Air Cargo | General

The company’s post-emergence capital structure consists of a new $275 million revolver, a new $840 million exit senior secured notes, $136 million of existing U.S. Treasury-issued payroll support (PSP) loans, and about $1.6 billion of various existing aircraft debt.

ITS Logistics March Port Rail Ramp Index: Trucking capacity-to-demand ratio could increase rates for dray and rail capacity

AJOT Newsroom | March 20, 2025 | Logistics

BEA News: U.S. International Transactions, 4th Quarter and Year 2024

AJOT Newsroom | March 20, 2025 | International Trade

The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $6.3 billion, or 2.0 percent, to $303.9 billion in the fourth quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $310.3 billion (table A).

US judge blocks Trump’s EPA from clawing back climate grants

Reuters | March 20, 2025 | Energy | Alternative | Green Shipping

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