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Maersk will temporarily halt its FM1 Service, which connects the Far East to the Middle East, and its ME11 Service, which links the Middle East to Europe, according to a notice to customers on March 6.

A review of shipping signals have confirmed only two commercial transits in the past 24 hours, the Joint Maritime Information Center said in a note on March 6.

CK Hutchison's plans to sell its global ports are at an impasse a year after the deal was announced, with hopes pinned on a meeting between Donald Trump and Xi Jinping to yield a breakthrough.

The Postal Service hired consulting firm Alvarez & Marsal in recent days to develop a plan, Postmaster General David Steiner said March 4 in an interview.

With ships unable or unwilling to transit the Strait of Hormuz, producers cannot export, supertanker costs are skyrocketing and storage at many Persian Gulf refineries is filling up fast. 

Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges to transport containers through the conflict zone. 

Thousands of companies are angling for refunds on President Donald Trump’s tariffs, many of which were ruled unconstitutional Feb. 20. Now some retail customers are joining the scrum.

Logistics giant FedEx said in a Feb. 26 statement that it will return any tariff refund it might get to shippers and customers who paid them.

After the Supreme Court struck down President Trump’s global tariffs, transportation firms face uncertainty over whether and how billions in collected duties will be refunded.

The majority of five conservative justices said the federal law that generally shields USPS from lawsuits over missing, lost and undelivered mail includes “the intentional nondelivery of mail.”