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Transpacific ocean rates have eased slightly with slowing freight demand a potential factor, according to Freightos’ weekly update from Nov. 10. buff.ly/HzZLVGl
Global air cargo demand was up 6% year over year in October, marking the seventh month of consecutive growth, but hope of an additional peak season boost is waning, according to a Nov. 6 Xeneta report.
BMW Group inked supply agreements with Samsung SDI and LG Energy Solution for cells used for its sixth-generation high-voltage batteries. The moves advance the automaker's efforts to localize its supply chain. buff.ly/xNjR4mD
CarParts.com's internal last-mile network delivered more than 6,000 packages in the quarter that ended Oct. 3 as the company pursues reduced shipping costs, according to a Q3 earnings announcement.