Transportation News, Logistics, Ports and Trade

Assa Abloy to hike prices if US implements tariffs on Canada and Mexico, CEO says

Reuters | February 05, 2025 | International Trade

Sweden's Assa Abloy plans to raise its prices if U.S. President Donald Trump moves ahead with the tariffs on Canada and Mexico, the CEO of the world's biggest lockmaker said on Wednesday.

TotalEnergies beats expectations for fourth-quarter profit, signals stronger 2025

Reuters | February 05, 2025 | Energy

What are Ukraine’s rare earths and why does Trump want them?

Reuters | February 05, 2025 | International Trade | Commodity

U.S. President Donald Trump said on Monday he wanted Ukraine to supply the country with rare earths in return for financially supporting Kyiv's war effort against Russia.

Wartsila CEO says US energy transition will continue despite Trump

Reuters | February 05, 2025 | Energy | Alternative

The transition from fossil fuels to renewable energy will continue in the U.S. despite President Donald Trump's tariffs due to renewable energy's cheaper pricing, the CEO of power plant maker Wartsila said on Wednesday.

French cognac exports slump in 2024 as Chinese measures weigh, data shows

Reuters | February 05, 2025 | International Trade

The value of French cognac exports to China fell by nearly a quarter last year as the Chinese economy struggled and Beijing imposed anti-dumping measures on European brandy exports, according to data shared by an industry lobby group on Wednesday.

Air Cargo

Reuters | February 05, 2025

USPS ends China parcel suspension, works to reduce disruption

The U.S. Postal Service said on Wednesday it would accept parcels from China and Hong Kong again after a temporary suspension following President Donald Trump scrapping a trade provision used by retailers including Temu, Shein, and Amazon to ship low-value packages duty-free to the United States.

Shein, Temu, Amazon Haul set for price hikes as US shuts trade loophole

Reuters | February 04, 2025 | International Trade

Shein, Temu and Amazon Haul prices are likely to rise for American shoppers, analysts and industry experts said, after U.S. President Donald Trump this week shut a trade loophole that has been used to ship low-value packages duty-free from China.

Altman joint venture secures $22 million construction loan to build Apex Logistics at Parsippany in NJ

AJOT Newsroom | February 04, 2025 | Logistics

The financing comes just three months after the joint venture completed the acquisition of the 10.5-acre site in late 2024.

Hapag-Lloyd concludes green financing of its 24 new container ships

AJOT Newsroom | February 04, 2025 | Green Shipping | Maritime | Liner Shipping

• Long-term financing fully secured for USD 4 billion investment • Transaction in keeping with Hapag-Lloyd’s updated Green Financing Framework • Framework certified externally by DNV in accordance with the requirements of the LMA’s Green Loan Principles

Consolidated Chassis Management names Dunn as Senior Director of Sales

Strengthening customer engagement and driving strategic sales growth

Rubio hails Panama’s move to exit Chinese infrastructure plan

U.S. Secretary of State Marco Rubio on Monday welcomed Panama's decision to let its participation in China's global infrastructure plan expire, calling the move "a great step forward" for its ties with the United States.

Marathon Petroleum beats Q4 profit estimates as midstream strength offsets refining weakness

Reuters | February 04, 2025 | Energy

US Interior Department unveils orders to carry out Trump energy agenda

Reuters | February 04, 2025 | Energy

The U.S. Interior Department on Monday unveiled a suite of orders aimed at carrying out President Donald Trump's agenda to maximize domestic energy and minerals production and slash red tape.

China announces measures against Google, other US firms, as trade tensions escalate

Reuters | February 04, 2025 | International Trade

China announced a wide range of measures on Tuesday targeting U.S. businesses including Google, farm equipment makers and the owner of fashion brand Calvin Klein, minutes after new U.S. tariffs on Chinese goods took effect.

Companies start counting potential costs of Trump’s tariffs

Reuters | February 04, 2025 | International Trade

Diageo warned on Tuesday of a $200 million hit to its operating profits from U.S. tariffs on Mexican and Canadian imports and German auto supplier ZF flagged price hikes, as companies start counting the likely costs of Donald Trump's trade measures.