The latest industry news and BDP Happenings from across the globe.

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busy retail mall building with customers shopping

November 20, 2018

NRF expects holiday sales spike of up to 4.8%

The National Retail Federation projects sales between $717.5 billion to $720.9 billion this holiday season, representing a 4.3% to 4.8% increase over last year's sales of $687.9 billion, which were a 5.3% increase over 2016.

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Air plane flies over ocean containers at port

November 19, 2018

Air freight will benefit as China-US trade war tariffs force manufacturing moves

While most economists agree that trade wars are ineffective and harmful, some players in the logistics industry are seeing opportunities – mostly in air freight, which typically benefits from chaos and change.

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Red Chinese yuan bank note

November 18, 2018

EU set to tighten rules on foreign investment to fend off China

The European Union is hammering out the first bloc-wide rules to prevent foreign investments from threatening national security, as Chinese acquisitions foster political unease.

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Maersk ocean freight shipping cargo on cloudy day

November 16, 2018

Maersk planning for tariffs to hit hard in 2019

Tariffs are hurting back haul revenue out of the U.S., said COO Søren Toft, but with tariffs on $200 billion in imports from China set to increase from 10% to 25% on in January, carriers are bracing for volume dips.

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NYK ship sailing in San Francisco bay

November 15, 2018

Largest ocean carriers confirm formation of industry association

In a joint announcement, A.P. Moller Maersk, CMA CGM, Hapag-Lloyd, MSC and Ocean Network Express (ONE) confirmed previously forecasted plans to form a global association of ocean shipping lines.

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