The Logistic News

The Logistic News

IATA: Air cargo demand returned to growth in April

IATA: Air cargo demand returned to growth in April

Air cargo demand returned to growth in April, rebounding after a contraction recorded in March linked to the escalation of conflict in the Middle East, according to the latest data released by IATA. In April, global air cargo traffic measured in cargo tonne-kilometres rose by 4% year-on-year. Capacity, however, declined slightly by 0.4%, leading to...

Walmart ties expected tariff refunds to price strategy amid cost pressures

Walmart ties expected tariff refunds to price strategy amid cost pressures

Walmart is considering how to allocate potential tariff refunds that could amount to less than half of 1% of its annual U.S. sales — roughly $2.4 billion — with a clear intention to channel any recovery into lowering prices for customers facing ongoing cost pressures.  Speaking during the company’s fiscal Q1 2027 earnings call (ended April 30), CFO John David Rainey said Walmart would “definitely bias and try to prioritize” using any tariff refunds to support price reductions, pointing to persistent pressure on consumers, particularly from elevated fuel costs. ...

PIL chairman steps aside amid US container cartel investigation

PIL chairman steps aside amid US container cartel investigation

SS Teo, one of Singapore’s most recognised shipping figures and executive chairman of Pacific International Lines (PIL), has stepped aside from his leadership role as he prepares to defend himself and his company against a US Justice Department container cartel investigation.  PIL, currently the world’s 12th largest container shipping line, confirmed that Teo will take a leave of absence from his position...

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