Lisa Baertlein

UPS on Tuesday said it ​had inked a deal to provide no-box, no-label returns for the fast-growing ‌TikTok Shop network of US sellers as it competes with rivals like FedEx to provide specialized services that generate more profit than typical e-commerce package deliveries.

The off-contract ocean container shipping rate from China ‌to the U.S. East Coast has returned to levels seen after COVID-19 upended global trade, and could set new record highs as the U.S. and Israeli war on Iran drives fuel costs higher.

He said even a slight chance of a risk of extinction was unacceptable.

The Port of Los Angeles set a new three-month volume record during June, July and August after retailers rushed in ​goods to avoid new tariffs and higher fuel costs, the executive director ‌of the nation's busiest ocean container port said on Wednesday.

U.S. retailers, manufacturers and small businesses are paying hefty fuel surcharges to ship their goods, not only as the U.S.-Israeli war on Iran boosts fuel costs but ‌also as some shippers profit from the fees.

The Port of Los Angeles, the nation's busiest seaport, notched its ‌second-highest volume for July, boosted by resilient demand for consumer goods and equipment for manufacturing and data center construction, its executive director said on Tuesday.

U.S. railroad Union Pacific collected $91.1 million more in fuel surcharges than it paid for fuel during the second quarter, far ‌outpacing rivals, according to a company filing with the Surface Transportation Board and first reported by Reuters.

The U.S. government has sold for scrap two sanctioned oil tankers that were seized in the ​days after Washington's raid on Venezuela, Lloyd's List reported ‌on Monday.

U.S. imports of containerized goods in July hit the fourth-highest level for the month, as ​shippers rushed in goods ahead of unknown U.S. tariff changes, ‌supply chain technology provider Descartes Systems Group said on Monday.

An early seasonal surge in U.S. container import volume, driven by shippers racing to avoid higher fuel surcharges tied to ​the U.S.-Israeli war with Iran and new U.S. tariffs, is ending, according ‌to research released on Friday.