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fuel costs
Maersk Faces $500 Million in Extra Monthly Costs Due to Iran War
The carrier is passing added costs to customers through surcharges and higher spot rates, and warns the…
‘Something Has to Give’: DHL CEO Sounds Alarm on Daily Oil Shortfall as Fuel Costs Climb
Tobias Meyer said hte logistics giant is in a good position to ride out the uncertainty.
Air Cargo Demand Slid Nearly 5% in Iran War’s First Month
IATA data showed Gulf carriers were hit hardest with a 54 percent demand drop, as jet fuel spikes and…
UPS Flags $5B in Tariff Refunds, Holds Outlook Despite Fuel Volatility
CEO Carol Tomé says refunds will flow back to customers as soon as funds arrive, while fuel surcharges tied…
CSX Lifts Revenue Outlook as Fuel Costs ‘Increase the Value Proposition of Rail’
Rising diesel costs and tighter trucking capacity are pushing more freight toward rail, said Maryclare…
EU Weighs Fuel Sharing as Jet Fuel Shortage Risk Builds
DHL CEO Tobias Meyer says the logistics giant can secure jet fuel for its planes in Europe through June, but…
‘Do Not Hesitate’: Shippers Urged to Lock in Lower Contract Rates Despite Hormuz Disruptions
With contract season coming to a close, overcapacity is keeping pricing negotiable for importers and…
‘New Normal’ Fuel Costs Unlock Pricing Power Across Parcel and Trucking
TD Cowen/AFS Logistics indices show parcel firms "have no reason to stop" fuel surcharges and reinforce signs…
European Airports Risk Jet Fuel Shortage by May Due to Hormuz Crisis
Airports warned the E.U.'s transport commissioner of a "systemic" supply crunch within three weeks as Hormuz…
US Import Volumes Hold Steady Despite Iran War, but Cost Pressures Concern Retailers
Since the start of the war, ocean freight rates have surged more than 30 percent on Shanghai-to-U.S. trade…
Amazon Imposes Fuel Surcharge on Sellers as War-Driven Costs Mount
The 3.5 percent fuel surcharge comes as Maersk battles with the FMC on how quickly it can passes off its own…
As Air Cargo Rates Climb Further, Vietnamese Carriers Feel the Strain
Air cargo capacity has dropped 6 percent from last year, with Vietnam's airlines set to cut flights in Q2 due…
Hormuz Crisis Hits Hapag-Lloyd With Up to $50M in Added Weekly Costs
As fuel cost pressures intensify for Hapag-Lloyd and its ships remain stranded in the Persian Gulf, Cosco…
USPS Moves to Add First-Ever Fuel Surcharge to Offset Oil Spikes
The proposed 8 percent price increase for parcel delivery comes as the courier warns of a cash shortfall and…
Iran War’s Capacity Constraints Disrupt Majority of Air Freight Forwarders
While major Middle Eastern airlines are seeing recovery from the war's initial disruption, Qatar Airways has…