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US container import tariffs averaging 21%, says Maersk

Freight Waves

formally announced its tariff package to the world on April 2,” Denmark-based Maersk (OTC: AMKBY ) said. companies in apparel and fashion have shifted their sourcing, and have reached “single-digit” dependency on Chinese manufacturing, said Maersk Chief Commercial Officer Karsten Kildahl, in the update. “[O]ther in June, 2021.

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The need to know

EFT

Exasperated automakers and parts suppliers have been desperate to find alternative sources of magnets, which are in short supply due to Chinese export curbs. Tariff-fueled surge in container shipping rates shows signs of peaking Container shipping rates continued their climb this week, fueled by the temporary tariff pause between the U.S.

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The need to know

EFT

European truckmakers tackle rare-earths bottleneck with stockpiling, supply chain shifts European truckmaker Volvo Group has been seeking alternative sources of rare earths and Daimler Trucks has been building inventories to deal with supply issues linked to Chinese export curbs, saying lessons had been learned from the chip crisis.

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The need to know

EFT

Container ship owners swamped as US-China trade detente revives demand Container ship bookings for China-to-U.S. port fees on Chinese vessels French shipping group CMA CGM will reorganise its global fleet to avoid U.S. retailers including Walmart (WMT.N) Cattle futures surge over US halt to Mexican cattle imports U.S.

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The Great Maersk Shift

Freightos

The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy. The Post-2016 Strategy: End-to-end Shipping.

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COP26: 5Zs that changed the world

The Logistics & Supply Chain Management Society

15 countries, Austria, Canada, Chile, Denmark, Finland, Luxembourg, The Netherlands, New Zealand, Norway, Scotland, Switzerland, Turkey, the United Kingdom, Uruguay and Wales declared that they will collaborate towards realizing 100 percent zero emission new trucks and bus sales by 2040.

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This Week in Logistics News (July 15-19, 2013)

Talking Logistics

As I’ve commented in previous postings, if you are a 3PL or transportation company and you’re not involved in cross-border shipping with Mexico, then you are missing out on a growing business opportunity (see Reuters article from December 2012). And finally, UPS raised a red flag by lowering its full-year EPS expectations.