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The Hong Kong-based conglomerate said in a separate stock exchange filing that it will “vigorously pursue” the case under the rules of the International Chamber of Commerce.

Supply continues to expand at a record pace, with a projected 36% surge in new vessel capacity from 2023 to 2027. On the flip side, demand for container shipping is expected to contract 1.1% in 2026.

Schneider responded to a disappointing fourth quarter with renewed resolve to improve operations and prepare for an expected freight upturn, the company reported Jan. 29.

Earnings reports from some large U.S. manufacturers and transportation companies drove home how President Trump’s policies on trade and energy are putting a squeeze on the sector’s profits.

C.H. Robinson Worldwide used cost discipline and leveraged technology like artificial intelligence to gain market share despite fourth-quarter obstacles.

Amazon has said it plans to use generative artificial intelligence to replace corporate workers. It has also been reducing a workforce that swelled during the pandemic.

Amazon Fresh and Amazon Go stores will close, the company said in a blog post on Jan. 27, with some locations converted into Whole Foods Market stores.

The Jan. 27 four-part offering includes notes maturing in three to 10 years, Bloomberg reported. FedEx said in December 2024 it would separate its freight business as part of a broader effort.

Earnings in the fourth quarter were $2.38 a share, topping the $2.21 average of analyst estimates. Sales of $24.5 billion also beat expectations.

Amazon is gearing up to ax thousands more corporate employees, ratcheting up efforts to streamline bureaucracy. The company plans to start rolling out the terminations as early as next week.