SONAR Market Update
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Outbound tender rejections continue to climb through Thanksgiving
This is the first time outbound tender rejections have remained above 6% for consecutive weeks since March 2019.
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China export pain mounts as tariffs bite
China’s exports to the U.S. contracted last month. Even so, slowing U.S. exports to its trade rival saw China’s trade surplus with the U.S. widen.
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Air freight in 2020: optimism breaks out at TIACA
Demand could pick up next year, but U.S. elections are one of multiple potential pitfalls delegates at TIACA’s 2019 Executive summit heard this week.
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Big Oil: Saudi Aramco announces intent to go public
Saudi Aramco, believed to be the world’s largest integrated oil and gas company, has announced it will undergo an IPO on the Saudi Arabian stock…
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UN takes aim at US trade policy
In a thinly veiled swipe at President Trump’s trade policy, the U.N. says protectionism will result in weaker maritime demand over the next five years.
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Down Under Trucking: Wisetech denies J Capital claims of financial trickery
The last couple of days took a dramatic turn with U.S. short seller J Capital making explosive allegations that global logistics software behemoth, WiseTech -…
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Dry bulk markets are strengthening, says Pacific Basin
A boost to demand from higher commodity volumes and a reduction in supply owing to IMO 2020 low sulfur fuel regulations are giving a boost…
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Dutch delight at Brexit bounty
FreightWaves finds growing evidence that manufacturers and distributors are transferring operations from the U.K. to northern Europe.
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Explained: How and why Brexit will reshape Europe’s logistics landscape
Renowned logistics analyst explains how Brexit will impact cargo flows, liner shipping calls and European supply chain planning.
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Maersk: Shippers will only pay for IMO 2020 ‘cost recovery’
Maersk expects ample supplies of low-sulfur fuels to be available in most ports, but warns shippers to expect higher costs.
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