Shipping faces fallout as China’s post-COVID rebound falls flat
Declining demand for Chinese exports and reduced stimulus options threaten bulk commodity import prospects.
Declining demand for Chinese exports and reduced stimulus options threaten bulk commodity import prospects.
The end of a 40-year economic boom cycle and America military strategy are combining to make China less fearsome than global impressions.
Autonomous trucking software developer TuSimple completed a driverless truck pilot on a U.S. highway in 2021. Now it has done it in China.
Hyzon Motors is not out of the woods yet, but it is current on required financial filings and has streamlined its fuel cell business.
Airbus has reached another milestone with its young A330 passenger-to-freighter program.
America’s imports are not signaling a recession, at least not yet. Inbound volumes are rising from the bottom.
Etihad Airways in Abu Dhabi and SF Airlines in China are helping each other expand globally by providing ground services for the other at their main freighter hubs.
There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.
“We are starting to see ocean carriers systematically take geopolitical risk into consideration,” says Xeneta’s Erik Devetak.
Although import volumes show signs of a nascent recovery, the inventory overhang remains daunting.
Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
Maersk is rapidly expanding from a pure ocean carrier to a cargo airline. The latest move is the establishment of new routes between the U.S. and China.
Chinese automaker Jetour announces $3B electric vehicle assembly plant in Mexico.
Transportation infrastructure across the U.S. is woefully underprepared to support manufacturers, retailers and logistics companies in navigating the new consumer landscape.
Even with multiple investigations to close, TuSimple has three years worth of money to run its autonomous trucking business.
Shipping line Maersk has unveiled the latest expansion of its cargo airline with a new Eurasia route.
In-transit visibility options have skyrocketed over the past several years, making it easier than ever to track a shipment’s en route movements. The same cannot be said, however, for terminal visibility.
An Airbus affiliate that converts used passenger planes into cargo haulers plans to outsource some work to a new partner in China.
Engine maker Cummins backs OEM projections of a strong 2023 for new trucks. If the China market recovers, look for an earnings bounce.
The Wall Street Journal reported a federal watchdog group urged an espionage probe into TuSimple leaders, but the company denied the report.