In the second quarter, container demand declined between 4 and 6.5% year-on-year, due to weak import growth in North America, Oceania and Far East Asia. The shipping industry is critical to international trade, as it is the only viable and economical way to transport large volumes of many
Maersk, an integrated container logistics company operating in 130 countries, expects global economic growth to hover around 2% in 2023. Despite the improvement in the first quarter of the current year, cracks in the economic outlook began to appear in the second quarter. In China, the recovery from
The United States on Monday requested Mexico to review labor rights issues at automotive components factory of Grupo Yazaki, located in the state of Guanajuato. For the seventh time in 2023, and twelfth time overall, the United States requested Mexico’s review under the Rapid Response Labor Mechanism of
The Export-Import Bank of the United States (EXIM) defined 10 priority sectors to face competition from China. EXIM, a wholly state-owned entity, is the official export credit agency of the United States. It is an independent agency of the federal government, which assists exporters who cannot access private
FedEx has expanded e-commerce delivery options for retailers with FedEx Extra Hours. It is a service that allows participating retailers to fulfill e-commerce orders into the evening and receive late pickups from FedEx Express, with local next-day delivery and two-day shipping to any address in the continental United
Among the largest importers of jewelry items in the world in 2022, Hong Kong, the United States and the United Arab Emirates stand out. According to data from the World Trade Organization (WTO), Hong Kong exported such products for a customs value of $18.829 billion, followed by the