A particular type of retail fraud soars during the summer season."Wardrobing," in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according to returns management software company...
The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around Africa are disrupting and delaying deliveries of products.Vessels aren't able to come back to Asia in time, and ocean...
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023.Stringer | Bloomberg | Getty ImagesAttacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by...
A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023. (Photo by Fareed Kotb/Anadolu via Getty Images)Anadolu | Getty ImagesThe threat to global trade in the Red Sea remains high, even with efforts to protect commercial vessels from...
Major railroads Union-Pacific and BNSF, a subsidiary of Berkshire Hathaway, are urging the reopening of El Paso and Eagle Pass crossings so their freight can pass. Since the closure of these key Texas border crossings earlier this week in a battle over illegal immigration and a surge of migrants,...
Loaded containers stacked on top of a cargo ship sailing in a canal on Janvier 20, 2017 in Suez Canal, Red sea, Egypt. Camille Delbos | Corbis News | Getty ImagesSo far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they...
A container ship sails through the new section of the Suez Canal in the Egyptian port city of Ismailia, 135 kms northeast of the capital Cairo on October 10, 2019.Khaled Desouki | AFP | Getty ImagesAttacks by Iran-backed Houthi militants on ships in the Red Sea have already rocked...
The Hamburg flag flies in front of Hapag-Lloyd containers on the Hapag-Lloyd containership "Berlin Express" at Burchardkai in the Port of Hamburg.Marcus Brandt | Picture Alliance | Getty ImagesTwo shipping giants, Hapag-Lloyd and Maersk, are pausing their travel through the Red Sea and the Bab el-Mandeb Strait in the...
A cargo aircraft in DHL livery passes near a FedEx livery plane parked at a FedEx regional hub, at Los Angeles International Airport (LAX) in Los Angeles, California, September 16, 2022.Bing Guan | ReutersSpring has sprung for U.S. imports, and the trade that is being exported from China is...