Sides Remain Dug In as ILA Confirms it Will Strike U.S. Ports at Midnight
With just hours left on their prior six-year contract, the International Longshoremen’s Association stepped up its rhetoric for the strike…
China to cut existing mortgage rates by end-Oct, cities ease home-buying curbs
China’s central bank said on Sunday it would tell banks to lower mortgage rates for existing home loans before Oct.…
China grappling with weak consumer demand
China’s economy is grappling with the significant challenge of weak consumer demand. Data from second-quarter GDP growth show that gross…
China’s central bank to focus on expanding domestic demand
The People’s Bank of China (PBOC) will focus on expanding domestic demand, boosting confidence and promoting a sustained recovery in…
Conflicting post-pandemic worldviews bring ILA, employers to historic strike
Conflicting post-pandemic worldviews bring ILA, employers to historic strike.
Breakbulk reefer segment hanging on in shrinking market
Container lines are contracting directly with perishables shippers, undercutting volume brokers, but the specialized reefer fleet is hanging on to…