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Longshore union blasts Trump tariffs, warns of massive job losses

Calling President Donald Trump’s trade policies “reckless” and “shortsighted,” the West Coast dockworkers union is warning that U.S. tariffs will lead to massive job losses and higher prices for working-class Americans.

“The International Longshore and Warehouse Union (ILWU) unequivocally condemns the recent tariffs that the Trump administration has imposed,” the union said in a statement. “Tariffs are taxes. These and other reckless, shortsighted policies have begun to devastate American...

https://www.freightwaves.com/news/longshore-union-blasts-trump-tariffs-warns-of-massive-job-losses

Logistics company Jet Freight to start virtual cargo airline in India 

Confity Capital Partners, a Dubai-based private equity wealth management firm, plans to invest in at least 10 Airbus A330 converted freighter aircraft for use in the fast-growing India subcontinent airfreight market. Jet Freight Logistics, based in Mumbai, India, is the launch customer and will be the first Indian cargo airline to operate the A330 converted freighter platform.

The Mumbai-based freight management company will lease an undisclosed number of aircraft from Confity and outsource...

https://www.freightwaves.com/news/logistics-company-jet-freight-to-start-virtual-cargo-airline-in-india

‘No way’ US can recoup lost China container imports: Analyst

While the China trade embargo instigated by President Donald Trump’s tariff war has focused on the evolving collapse of eastbound trans-Pacific container volumes to the United States, a closer look at the intersection of China’s share of tonnage and specific goods moving through U.S. ports paints an even more devastating picture.

According to Census Bureau data, the list of American ports that processed the most containerized imports from China in 2024 was led by Los Angeles, at 22,237,485...

https://www.freightwaves.com/news/no-way-us-can-recoup-lost-china-container-imports-analyst

Ceva Logistics to acquire logistics provider in Turkey

Ceva Logistics, the world’s fifth-largest logistics service provider by gross revenue and part of France-based CMA CGM Group, announced Saturday it has agreed to acquire Turkey-based Borusan Tedarik for $400 million in cash and debt.

Borusan Tedarik offers contract logistics, finished vehicle logistics, truckload and less-than-truckload service, as well as air and ocean freight management, and customs brokerage. In addition to Turkey, it also has operations in Germany, Bulgaria, Hong Kong and...

https://www.freightwaves.com/news/ceva-logistics-to-acquire-logistics-provider-in-turkey

Drewry: Global container volumes to drop 1% on Trump tariffs

President Donald Trump’s tariff war is expected to cut global container volume by 1% in 2025, Drewry said, only the third such forecast in its history.

That would amount to approximately 1.8 million twenty-foot equivalent units based on worldwide container traffic of 183.2 million TEUs in 2024, and approximately 10% of the more than 10 million-TEU increase in global traffic from 2023. 

Volume fell 8.4% during the financial crisis of 2009 and 0.9% during the COVID pandemic of 2020, said Drewry,...

https://www.freightwaves.com/news/drewry-global-container-volumes-to-drop-1-on-trump-tariffs

Chief negotiator on union longshore pact to lead USMX

The United States Maritime Alliance has chosen F. Paul De Maria to serve as chief executive and chairman of the port employers’ group.

De Maria was the alliance’s chief negotiator in contentious contract talks with the International Longshoremen’s Association (ILA). The pact, one of the richest in the history of maritime labor, includes landmark provisions for automating container handling at East and Gulf Coast ports.

F. Paul De Maria (Photo: USMX)

De Maria succeeds David F. Adam, who retired...

https://www.freightwaves.com/news/chief-negotiator-on-union-longshore-pact-to-lead-usmx

Trans-Pacific container rates stable as trade war rages

While shipments from China crater in President Donald Trump’s ongoing trade war, ocean container rates have yet to fully reflect the collapse in trans-Pacific volumes. 

Freight rates from Shanghai, China’s busiest container port complex, to Los Angeles, the largest U.S. import gateway, fell 2% to $2,617 per 40-foot container, according to analyst Drewry’s latest World Container Index released Thursday.

Shanghai to New York decreased 3%, or $95, to $3,611.

Rates from Los Angeles to Shanghai...

https://www.freightwaves.com/news/trans-pacific-container-rates-stable-as-trade-war-rages

UPS inks $1.6 billion deal for Canadian health care logistics provider

UPS plans to acquire Andlauer Healthcare Group Inc., a Canada-based provider of cold chain logistics services for the health care sector, in an all-cash transaction for $1.6 billion, the company announced on Thursday.

UPS (NYSE: UPS), like global integrated shipping rivals FedEx and DHL, has targeted health care logistics as a primary area for growth because specialized storage and transport requirements for pharmaceuticals and biopharma products command high margins. The transaction comes on...

https://www.freightwaves.com/news/ups-inks-1-6-billion-deal-for-canadian-health-care-logistics-provider

Qatar Airways, IAG and Malaysia Airlines propose joint cargo venture

Qatar Airways, British Airways’ parent company IAG Group and Malaysia Airlines on Tuesday announced plans for a joint air cargo venture to increase their collective route offerings and capabilities.

The alliance appears to resemble a long-running one among All Nippon Airways, Lufthansa and United Airlines, but details on how the new venture will function are still very limited. ANA in October 2023 temporarily suspended its participation in the cargo partnership with Lufthansa and United so as...

https://www.freightwaves.com/news/qatar-airways-iag-and-malaysia-airlines-propose-joint-cargo-venture

Shares of largest US-flag container carrier plunge under Trump tariffs

Shares of the biggest U.S.-flag container carrier are taking a beating as President Donald Trump tries to reset global trade.

Honolulu-based Matson (NYSE: MATX) has seen its share price lose nearly 30% of its value from a 52-week high of $169.12 to $94.50 as of Monday.

The collapse has been even steeper from $132.55 as of April 2 when the U.S. implemented the most recent round of tariffs even as the broader shipping sector recovers from the disruption of trade.

During that time, shares of...

https://www.freightwaves.com/news/shares-of-largest-us-flag-container-carrier-plunge-under-trump-tariffs

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