Matson Shifts Freight: Air-to-Ocean Conversions Rise
Forget fancy tech. Sometimes, it's just good old-fashioned war that moves the shipping needles. Matson's seeing a flood of cargo ditching air for the slower, cheaper sea lanes.
Forget fancy tech. Sometimes, it's just good old-fashioned war that moves the shipping needles. Matson's seeing a flood of cargo ditching air for the slower, cheaper sea lanes.
Havertys Furniture isn't just selling sofas; it's wrestling with a volatile fuel market. Blame the Iran war, say execs, as delivery costs climb.
Don't get too comfortable with those low unemployment numbers. A French insurer just dropped a report suggesting AI, a potential Iran war escalation, and shifting immigration policies are brewing a perfect storm for the job market.
Picture a freighter captain staring at the pump: jet fuel costs twice what they did pre-Iran War. Global airfreight rates just hit $2.98, and it's not peaking yet.