News Articles
3M anticipates a potential tariff impact of as much as $850 million.
3M anticipates facing $850 million in tariff-related costs this year without mitigation efforts, with $675 million of that attributed to China-related tariffs and the remainder from non-exempt product
Read More"We're moving in the wrong direction": Tariffs increase costs and negatively impact production, according to PMI.
Tariffs are raising manufacturing costs, leading to lower demand and production, as indicated by the Institute for Supply Management's April Purchasing Managers’ Index (PMI), which fell to 48.7%. This
Read MoreIn response to tariffs, Hasbro is relocating the production of certain SKUs from China.
Hasbro plans to move production of many U.S.-bound products from China to other countries to mitigate tariff-related costs, as CEO Chris Cocks announced during a Q1 earnings call. The company currentl
Read MoreKuehne+Nagel has partnered with cargo.one to improve air cargo procurement.
Kuehne+Nagel has formed a global partnership with cargo.one to enhance its air freight procurement and sales capabilities through the integration of cargo.one's Offer & Book API suite. This collaborat
Read MoreInauguration of the Estonian-German Port Days
During the inaugural Estonian-German Port Days in Tallinn, officials highlighted the potential for enhancing bilateral trade and innovation, particularly in sustainable freight transport. Lübeck's May
Read MoreBIFA introduces a new advisory committee.
The British International Freight Association (BIFA) has established a cargo community advisory body to replace the CCSUK User Group, focusing initially on the Heathrow Airport cargo village redevelop
Read MoreFrom Dubai to Baku: The Role of Aggreko in Energizing a Landmark Event
Aggreko, in partnership with Kuehne+Nagel, successfully delivered uninterrupted electricity for a major event in Azerbaijan, overcoming significant logistical challenges. With power equipment primaril
Read MoreThe future of sustainable aviation: Looking past just sustainable aviation fuel.
The future of aviation sustainability is a complex issue, as illustrated during the World Aviation Festival, where Breeze Airways CEO David Neeleman challenged the prevailing view on Sustainable Aviat
Read MoreDHL's outlook for 2025 remains consistent; revenue for the first quarter of 2025 has increased by 3%.
DHL Group reported a 2.8% increase in revenue to €20.8 billion and a 4.5% rise in operating profit to €1.4 billion for Q1 2025, despite a cautious economic environment influenced by U.S. trade policie
Read MoreDollar Tree plans to rebuild the distribution center in Oklahoma that was destroyed by a tornado.
Dollar Tree is set to establish a new 1-million-square-foot distribution center in Marietta, Oklahoma, following the destruction of its previous facility by a tornado nearly a year ago. The new center
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