Global Slowdown Pinching FedEx
FedEx Corp. tumbled in April as a new cut to its earnings outlook stoked Wall Street concerns over the courier’s ability to navigate a global slowdown and cash in on surging e-commerce. Overseas demand is…
Tagged: InternationalTrade
Backlog May Depress Imports, Economist Says
The surge of cargo that moved through U.S. ports in December increased both wholesale and retail inventories and “until that backlog is taken care of, it will likely depress container imports for the next couple…
Business Booming at Port of Long Beach
Mario Cordero, executive director of the Port of Long Beach, Calif., said the port’s business prospects for this year are bright, even as the port reported that in 2018 it handled nearly 8.1 million twenty-foot…
Shippers Remain Optimistic, Analysts Say
Shippers and carriers of international freight remain optimistic about 2019 as the spot market starts to level off and a rate recession becomes a possibility for the trucking industry.
In a recent report on a…
World Markets Racing For LNG
Liquefied natural gas (LNG) is playing an increasingly important role in the global energy mix, driven by its environmentally friendly characteristics, versatility and relatively cheap price. LNG is perceived as a transition fuel that can…
Equity Firm Buying Direct ChassisLink
Direct ChassisLink Inc. (DCLI) and is subsidiary Blume Global will be acquired by Apollo Global Management, a private equity fund, officials at the two companies said recently. Reuters reported the deal was for about $2.5B…
Gas Glut Creating Mixed World Market
Surging production of U.S. liquefied natural gas (LNG) and slower growth of demand in Asia this year could leave companies that have committed to long-term purchase contracts struggling to find markets, analysts say. Over the…
Consolidation Reshaping LNG Sector
The recent geographical developments in the liquified natural gas (LNG) industry are occurring at a time of consolidation. The $53 billion combination of Royal Dutch Shell and BG Group has created the world’s largest LNG…
Canada Caves on Milk Protections
Canadian dairy farmers said in October they were on the losing end of a new trade pact with the U.S. that will allow Americans to ship more milk north.
The new deal, which also includes…
Mid America Logistics Expanding Into Mexico
Missouri-based logistics and trucking company Mid America Logistics has opened an office in Guadalajara, Mexico — the company’s first international office. The company has also opened a sixth U.S. office, this one in Rogers, Ark…
