Global Freight

The nation’s largest supermarket operator said June 18 that same-store sales grew 1% excluding fuel.

Amazon is facing a possible lawsuit from the FTC that may lead to billions of dollars in civil penalties over claims the e-commerce giant misled advertisers.

DHL expects its energy logistics revenue to reach $3.5 billion by 2030, driven by rising demand for oversized turbines and hazardous batteries.

President Trump scored a win over a group challenging the 10% global tariffs after a court said the government can enforce the levies while the fight plays out.

The loan comes as giant tech companies are borrowing heavily to expand the artificial intelligence infrastructure buildout.

Amazon sold C$14 billion in high-grade bonds, the largest corporate debt offering on record in the currency, after drawing about twice that amount in demand. 

There are currently 262 supertankers, each capable of hauling 2 million barrels of crude oil, on order at shipyards around the world.

The spot rate for a 40-foot container to the U.S. West Coast from Asia was up 20%, to $3,933.

Container shipping analyst Lars Jensen on July 1 sets out for an 18-month trip to scope out opportunities and risks to better connect Africa’s economies to the global trading system.

CEO John Furner said that low-income consumers are experiencing greater pressure on high gas prices. “That’s really the stress point, is the price of fuel,” he said.