News Articles
Companies are renovating their procurement processes in response to the increasing adoption of AI.
A recent G2 report highlights that enterprises are adapting their procurement practices in response to advancements in AI, with stricter evaluation criteria for AI-powered software. Many companies are
Read MoreLucid secures a US graphite supply agreement for electric vehicle batteries.
Lucid Group has strengthened its domestic supply chain by signing a second agreement with Graphite One to source U.S.-made materials for lithium-ion batteries. This agreement will provide natural grap
Read MoreFreighter activities at Mumbai Airport will persist beyond August.
Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai has reversed its decision to suspend freighter operations initially set for August 16, 2025, stating that the issue has been amicabl
Read MoreGlobal air cargo volumes increased by 4% month-over-month in May.
In May, global air cargo tonnages saw a 4% month-on-month increase, recovering from a 7% decline in April due to U.S. tariff hikes and holidays. This growth coincided with the end of certain import ta
Read MoreAwesome Cargo expands its fleet with the delivery of EFW's inaugural A330P2F.
Elbe Flugzeugwerke (EFW) has delivered its first A330 passenger-to-freighter (P2F) aircraft to Air Lease Corporation, which will be operated by Awesome Cargo, marking the first A330P2F registered in M
Read MoreKuehne+Nagel has named Marcus Claesson as their new Chief Information Officer.
Kuehne+Nagel International has appointed Marcus Claesson to its Management Board, effective September 1, 2025, to oversee global information technology, succeeding Martin Kolbe, who will retire after
Read MoreWorkers at DHL Express Canada may go on strike as early as Sunday.
Over 2,000 DHL Express Canada employees, represented by the Unifor union, are poised to strike as early as Sunday, following unsuccessful contract negotiations since last year. The union voted 97% in
Read MoreThe White House has prolonged the exemptions for tariffs on China under Section 301.
The U.S. Trade Representative has extended Section 301 tariff exclusions for certain Chinese products, initially set to expire on May 31, until August 31. These exclusions apply to tariffs on electric
Read MoreTariffs impact discount retailers more severely than anticipated.
In December, prior to Trump’s reinstatement, off-price retailers were considered somewhat shielded from tariffs due to their indirect sourcing. However, analysts revealed that these retailers, particu
Read MoreUpdates to UPS surcharges affect fuel charges, oversized packages, and additional factors.
UPS has implemented numerous surcharge changes since May, increasing pricing pressure for shippers. Key changes include heightened fuel surcharge calculations, a new international fee, and adjustments
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