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STB turns UP-NS merger fight into inquiry over shipper intimidation
Union Pacific must disclose Jim Vena’s conference video and produce records about possible retaliation. The railroad denies making threats, and regulators have yet to decide whether anyone was intimidated – or whether the merger review should continue. For a regulator assessing the largest proposed US railroad combina…
Nasdaq plunges into correction territory
CNBC reports: The Nasdaq Composite plummeted on Thursday, erasing the sharp gains from the previous session, as investors accelerated their move away from technology stocks in the wake of the U.S. midterm elections. The tech-heavy Nasdaq declined 3.9% and dipped into correction territory, trading more than 10% below a…
Detention fees have a simple problem: a bigger bill cannot move a box that cannot move
The US Federal Maritime Commission wants research into when charges above compensatory cost actually speed cargo movement. For shippers, the critical distinction is between a delay they can prevent and one they cannot. A container is ready to leave a terminal, the trucker has an appointment, and the importer chooses t…
Kazakhstan, Jordan Focus on Security, Trade and Regional Stability
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan and Jordan discussed regional and global security challenges, as well as ways to expand bilateral cooperation during talks between President Kassym-Jomart Tokayev and King Abdullah II Bin Al Hussein in Astana on No…
Cristiano Ronaldo announces retirement from Portugal national team
Portuguese football superstar Cristiano Ronaldo has announced his retirement from international football.
Нацбанк отложит ужесточение требований к автокредитам и жилстройсбережениям
Мера касается расчета коэффициента долговой нагрузки
Port of Long Beach set to handle record 10m teu this year
The Californian port of Long Beach is predicted to handle more than 10m teu this year, for the first time. “It’s been a peak year,” Port of Long Beach CEO Noel Hacegaba told The Loadstar on the sidelines of the World Ports Conference in London this week. “This could well be the first 10m teu year for us.” His comments…
Azerbaijan, European partners prepare for key energy corridor talks
A meeting on the Caspian-Black Sea-Europe Green Energy Corridor project is set to take place in Bucharest at the end of November.
US importers should reconsider farming out customs paperwork, warns CargoTrans
US importers using ‘delivered duty-paid’ (DDP) shipping arrangements face increasing compliance and financial risks, as Customs and Border Protection (CBP) intensifies its scrutiny of foreign importers of record, according to CargoTrans. Nunzio De Filippis, co-CEO, and Rennie Alston, director of trade compliance, warn…
Narxoz Conference Explores Central Asia’s Path to Stronger Regional Cooperation
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Central Asia’s role in shaping global governance, strengthening regional cooperation and advancing sustainable development was the focus of an international conference hosted by Narxoz University on Nov. 4 in Almaty, the univ…
Mærsk prints billions, but doesn’t build confidence
It was a strong quarter for all three units. (Stock market reaction: -11.6% in early trade.) So opened the Q3 26 call with analysts by AP Møller-Mærsk (APMM) CEO Vincent Clerc, whose prepared remarks went on, and on, and on, and on for well over 10 minutes. That did feel like a good hour of my life wasted again and th…
Ocean the star as Maersk reports Q3 bump in revenue, but drop in volume
Maersk experienced a 27% year-on-year bump in its third-quarter revenues, hitting $18.1bn, buoyed by a sharp rise in container freight rates that more than offset a slight dip in volumes, prompting it to join ONE in revising its full-year outlook. While the Danish shipping and logistics group said revenue growth had b…
‘Reminds me of Covid’: AI equipment chokes Taiwan’s air cargo gateway
Uncollected imports are clogging cargo warehouses at Taiwan Taoyuan Airport, tying up dollies and slowing aircraft unloading as equipment arrives to support the island’s AI and semiconductor industries, according to local forwarders. Seko Logistics has reported handling pressure affecting China Airlines, EVA Air, and …
DHL’s growth broadening beyond Express – Global Forwarding sparkles
With the headline numbers pre-released three weeks ago, the full third-quarter report matters most for where DHL’s growth is coming from. Express still earns about 60% of group profit, but forwarding is winning air freight faster than its main rivals in a tight market, and Supply Chain’s new contracts are up 42% this …
GXO Logistics – it’s all about margins, stupid!
Three months after a beat-and-hold quarter tested the market’s patience, GXO delivered what it called its fastest organic growth in more than three years, largely finished integrating Wincanton and stepped up buybacks. Premium y’day wondered ahead of trade: ‘Where is the joy?’ – well, the shares rose 9.5% on the day o…
Continued congestion at ports puts pressure on intra-Asia box rates
Congestion at several ports continues to put upward pressure on intra-Asia container freight rates, despite improving conditions at major Chinese gateways and key transhipment hubs. The result is the Drewry Intra-Asia Container Index (IACI) is up by $46, to $1,504 per 40ft. Spot rates from Greater China to North-east,…
Қазақстанның май-тоңмай өнімдерінің Қытайға экспорты 1 млн тоннаға жетеді
Мұндай болжамды Майлы дақылдарды өңдеушілердің ұлттық қауымдастығы жасап отыр
KLM reshapes cargo handling as AI demand fuels growth
KLM plans to consolidate cargo handling at Schiphol to accommodate additional freight without hiring more staff, as AI supply chains and disruption to ocean shipping strengthen parent Air France-KLM’s cargo business. The changes form part of a wider restructuring, announced today, aimed at improving KLM’s finances and…
Kazakh Prosecutor General Keeps Mangystau Military Investigation Under Oversight
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – More than 300 people have been questioned and over 30 forensic examinations and expert studies have been conducted as part of an investigation into the deaths of servicemen during a military exercise in the Mangystau Region, …
Экспорт казахстанской масложировой продукции в Китай достигнет 1 млн тонн
Так считают в Национальной ассоциации переработчиков масличных культур
Kazakhstan Advances in Global Digital Rankings as AI Infrastructure Expands
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan has improved its standing in several international digital development rankings, with progress in artificial intelligence readiness and e-government services highlighting the country’s growing role in the global te…
IFC Invests $ 33 Million to Modernize Agricultural Services in Central Asia
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Eurasia Group has secured $33 million in financing from the International Finance Corporation (IFC), a member of the World Bank Group, to expand agricultural machinery distribution, maintenance and farmer training networks in…
Қазақстандық өндірушілер Қытайда 100 млн долларға келісімдер жасасты
Олар Шанхайда өтіп жатқан Қытайдың 9-шы халықаралық импорт көрмесіне (CIIE) қатысып жатыр
FAO calls for sustainable fisheries management and aquaculture development in Azerbaijan
Azerbaijan needs effective fisheries management, habitat conservation and responsible aquaculture practices to ensure the sustainable use of its aquatic resources in the Caspian Sea and inland waters, according to the Food and Agriculture Organization of the United Nations (FAO).
Где казахстанские производители вытеснили импортеров и где уступили им?
Из 183 видов продукции позиции улучшились по 83
Kazakhstan Strengthens Export Push with New Istanbul Trade Office
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan has opened a QazTrade office in Istanbul to help domestic manufacturers enter the Turkish market and find business partners in other countries, Kazinform reported on Nov. 4. A new Qaztrade office is located in Ista…
Казахстанские производители заключили в Китае соглашения на $100 млн
Они принимают участие в 9-й Китайской международной импортной выставке CIIE в Шанхае
Kazakhstan Proposes UN Cybercrime Center in Astana
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA — Kazakhstan has proposed establishing a United Nations regional center to combat cybercrime in Astana, as representatives from 27 countries and international organizations gathered in the capital on Nov. 4-5 to discuss cross-b…