Global Freight

CK Hutchison's plans to sell its global ports are at an impasse a year after the deal was announced, with hopes pinned on a meeting between Donald Trump and Xi Jinping to yield a breakthrough.

Amazon.com's website and mobile app malfunctioned for some users March 5, with critical features like product listings and checkout options producing error pages. 

The Postal Service hired consulting firm Alvarez & Marsal in recent days to develop a plan, Postmaster General David Steiner said March 4 in an interview.

With ships unable or unwilling to transit the Strait of Hormuz, producers cannot export, supertanker costs are skyrocketing and storage at many Persian Gulf refineries is filling up fast. 

The conflict in the Middle East creates additional unknowns. “The whole issue of supply chain reliability will become more important,” CEO Stefan Paul told journalists on March 3.

Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges to transport containers through the conflict zone. 

Thousands of companies are angling for refunds on President Donald Trump’s tariffs, many of which were ruled unconstitutional Feb. 20. Now some retail customers are joining the scrum.

Currently, Maersk operates 65 ground freight facilities in the U.S. The next terminals to open will be smaller than the Fontana site, the spokeswoman said.

Logistics giant FedEx said in a Feb. 26 statement that it will return any tariff refund it might get to shippers and customers who paid them.

A shipowner’s once-in-a-generation wager on oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect American oil next month.