All articles tagged with #shipping
A Ukrainian drone attack on a Russian tanker in Rostov-on-Don resulted in two deaths, a fire, and damage to port infrastructure, amid escalating maritime conflicts in the Black Sea region involving Ukraine and Russia, raising concerns over civilian safety and environmental risks.
The U.S. Postal Service announced a new initiative to open its last-mile delivery network to a broader range of shippers through a bid solicitation process, aiming to enhance delivery options, reduce costs, and increase revenue, with bids opening in early 2026.
Turkish shipping company Besiktas Shipping announced it will cease all operations involving Russia following a series of explosions on its tanker off Senegal and recent attacks on Russia-linked vessels in the Black Sea, citing increased security risks despite compliance with Western sanctions.
Russia's seaborne crude shipments have sharply declined due to US sanctions, leading to increased oil at sea and reduced export revenues, with major buyers like China, India, and Turkey cutting back on purchases, though some believe the disruption may be temporary.
UPS reported better-than-expected third-quarter earnings of $1.74 per share on $21.4 billion in sales, leading to a 14% premarket stock increase, despite ongoing challenges from lower volumes and higher costs. The company's stock has declined significantly this year, with a high dividend yield signaling investor concern about future cuts. Analysts have adjusted their earnings estimates downward for 2026 due to ongoing volume challenges, but the stock remains a focus of investor attention amid a challenging shipping environment.
The United States plans to impose penalties on ships, seafarers, flags, and officials if the International Maritime Organization (IMO) approves a new carbon tax, according to TradeWinds, a global shipping news source.
The UN's IMO is set to approve new greenhouse gas emission rules for ships, aiming to reduce global shipping emissions by 40%, but the US opposes the regulations, citing concerns over costs and economic impact, potentially leading to international tensions and retaliatory measures.
FedEx reported better-than-expected Q1 earnings with adjusted EPS of $3.83 on sales of $22.2 billion, surpassing Wall Street estimates, and provided full-year revenue growth guidance of 4-6%, leading to a nearly 6% rise in after-hours stock trading, signaling a relief for investors amid recent shipping industry challenges.
Apple has begun shipping the first pre-orders of the iPhone 17, iPhone 17 Pro, Pro Max, and iPhone Air, with some customers seeing their orders marked as 'Shipped' ahead of the official release date on September 19. Customers can check their order status for updates, and even if not yet shipped, their devices are likely on the way. Apple often updates shipping statuses close to the release date, and delivery may occur earlier than expected.
Amazon is ending its Prime Invitee program, which allowed free two-day shipping for friends and family outside the household, effective October 1, 2025, pushing invitees to pay for Prime or share benefits through Amazon Household, as part of a broader move to increase subscription revenue and reduce shipping costs, just before the holiday season.
Amazon is ending its Prime Invitee program on October 1, which allowed Prime members to share benefits outside their household, requiring affected customers to sign up for their own Prime membership for free shipping. The company suggests switching to Amazon Family for household sharing, but the change may impact those who relied on the previous program. Amazon's Prime program has an estimated 197 million US subscribers, with a monthly cost of $14.99 or $139 annually.
Amazon is discontinuing its Prime Invitee program, which allowed Prime members to share shipping benefits with one other adult outside their household, and replacing it with the Amazon Family program that requires members to live at the same address. This move mirrors Netflix's crackdown on password sharing and aims to curb account sharing and piracy, although it may impact some customers who value free shipping. Despite concerns, Amazon expects its Prime membership growth to continue, and is offering a discounted 12-month Prime deal to retain customers.
Amazon is ending its Prime sharing program that allowed members to share free shipping benefits outside their household, effective October 1, and is encouraging non-household members to subscribe independently at a discounted rate. The Prime Invitee program will be replaced with Amazon Family, which allows sharing benefits with one other adult and up to four children or teens within the household. This change comes as Amazon expands its delivery network to more rural and smaller communities across the U.S.
Amazon will end its Prime Invitee Program on October 1, which allowed sharing free shipping benefits with non-household members, encouraging users to either get their own Prime memberships or use Amazon Family, with new membership costs set at $14.99/month or $139/year.
Amazon is ending its Prime Invitee benefit sharing program for non-household members on October 1, replacing it with Amazon Family, which only covers benefits for up to two adults and four children living in the same residence. This change aims to boost Prime signups, which have recently slowed, by encouraging separate subscriptions for different households. Existing benefit sharing will be available until September 30, after which individuals will need their own Prime memberships to access free shipping and other benefits.