Threat of rising oil price adds to frustration for crisis-hit supply chain chiefs
New warnings from the World Bank of surging oil prices, adding to the continuing instability ...
Any further major financial shocks could see the global economy sink into recession, according to a World Bank global forecast.
Otherwise, the World Bank expects a sharp deceleration in global growth to 1.7%, “its third-weakest pace in nearly three decades, overshadowed only by the 2009 and 2020 global recessions”.
Major economies, including Europe, the US and China, are experiencing “pronounced weakness” in their economies, noted its January’ report, adding a warning that a combination of other factors, such as indebtedness and tightening ...
Amazon pushes into LTL for small package fulfilment and UPS does a u-turn
New senior management for DSV as it readies for DB Schenker takeover
Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Asian exporters scramble for ships and boxes to beat 90-day tariff pause
Temporary tariff relief brings on early transpacific peak season
'Tariff madness' will prompt renegotiation of ocean shipping contracts
Forwarders 'allowing the fox into the chicken run' by supporting 'hungry' carriers
Response to tariffs by Chinese importers may see extra costs for US shippers
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