Global Freight

CMA CGM SA reported a second-quarter jump in cargo volumes and signaled freight rates have probably peaked for now despite bottlenecks at Mediterranean ports.

OMAHA, Neb. — Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat.

The recently announced UPS acquisition of Mexican express delivery company Estafeta takes advantage of a business trend toward nearshoring.

U.S. shoppers spent $14.2 billion online during Amazon.com Inc.’s 48-hour Prime Day sale, up 11% from a year ago and in line with estimates, according to Adobe Inc.

The planned Sparrows Point terminal is expected to transform Maryland’s economy over a decade, generating more than 8,000  jobs and adding $1.54 billion a year in economic impact.

Amazon’s Prime Day sales rose about 13% in the first six hours of the event compared with the same period last year, according to Momentum Commerce.

DUBAI, United Arab Emirates — Two suspected attacks by Yemen’s Houthi rebels targeted ships in the Red Sea on July 15, as a new U.S. aircraft carrier approached the region to provide security.

Some of the biggest names in shipping are betting billions on tankers to transport a type of ammonia that’s scarcely being produced today, wagering it will become integral to decarbonization.

Amazon.com Inc. says its carbon emissions fell for a second straight year in 2023 as the company cut spending on new warehouses and cloud-computing data centers.

A.P. Moller-Maersk A/S warned extreme weather conditions and a storm surge lashing the South African coast are expected to cause shipping delays.