shippers
By Lisa Baertlein LOS ANGELES (Reuters) – Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe. Their order books, however,…
By Lisa Baertlein and Timothy Aeppel LOS ANGELES/NEW YORK (Reuters) – U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply…
By Lisa Baertlein LOS ANGELES (Reuters) – UPS, the world’s biggest package delivery courier, is the first major industry player to announce this year’s holiday surcharges, unveiling hefty hikes that analysts say could backfire. The 2024 peak gift delivery season from Thanksgiving to Christmas Eve has just 17 operating days,…
By Nia Williams (Reuters) – Canada’s Trans Mountain oil pipeline will rely heavily on last-minute shippers to turn a profit, the corporation’s financial projections show, clouding Ottawa’s efforts to sell the pipeline now that its C$34.2 billion ($25.04 billion) expansion is finished after years of delays. Documents filed by Trans…
(Reuters) – – Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers and other shippers already grappling with longer transit times and higher costs. The International Longshoremen’s Association contract covering 45,000 dockworkers at three dozen ports stretching from Maine…
By Robert Harvey and Arathy SomasekharLONDON/HOUSTON (Reuters) – Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners’ costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.…
