Lori LaRocco
Senior Editor, Guests at CNBC
Award-winning Author, Senior Editor of Guests and Global Logistics Reporter for CNBC. Trade Columnist for FreightWaves
Articles
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2 days ago |
cnbc.com | Lori LaRocco
Picture Alliance | Picture Alliance | Getty ImagesAs the cost of President Trump's tariffs drives up the prices of goods, retailers are speeding up the process of returns to rush items back onto the resale market as fast as possible. The segment of the supply chain responsible for the fast turnaround of returns is known as reverse logistics, where retailers inspect returned items and determine if they can be resold, repaired, or recycled, or if they need to be disposed.
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3 days ago |
cnbc.com | Lori LaRocco
Pictures from the semi-official Tasnim news agency show the Stena Impero being seized and detained between July 19 and July 21, 2019 near strait of Hormuz, Iran. Contributor | Getty Images News | Getty ImagesDespite a tentative ceasefire between Israel and Iran on Tuesday, security issues in the Strait of Hormuz continue for shipowners, with GPS jamming incidents forcing vessels to reduce transits.
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3 days ago |
cnbc.com | Lori LaRocco
A truck passes by shipping containers at the Port of Los Angeles. Mark Ralston | Afp | Getty ImagesA new wave of ocean freight from China is beginning to arrive at the Port of Los Angeles and Long Beach, an increased flow of shipping containers aiming to beat potential tariff increases. President Trump imposed a deadline of August 12 for the U.S. and China to agree to a trade deal.
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3 days ago |
cnbc.com | Lori LaRocco
An Islamic Revolutionary Guard Corps (IRGC) speed boat sailing along the Persian Gulf near a cargo vessel. Nurphoto | Nurphoto | Getty ImagesThe conflict in the Middle East has led many insurance underwriters in the maritime shipping market to avoid offering coverage to any U.S., Israel, or U.K.-linked vessels. "Many underwriters are not touching vessels with perceived U.S., U.K. or Israeli links at any price," said David Osler, insurance editor for Lloyd's List.
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3 days ago |
nbcchicago.com | Lori LaRocco
• Many underwriters of maritime insurance for freight shipping companies are not offering Middle East-based coverage to vessels links to the U.S., Israel or the U.K.• The insurance firms will not offer coverage "at any price," David Osler, insurance editor of Lloyd's List, tells CNBC. • For insurance companies, and ship owners, the cost of insurance has risen rapidly with the risks, but if the current ceasefire holds those market pressures may ease.
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TRADE ALERT- Inflation from Trump's trade tariffs is going to hit soon, says shipping giant Maersk My interview with Charles van Der Steene at TPM. #tpm #china #tariffs #canada #mexico https://t.co/nfBIT3lEOd
TRADE ALERT- The good times are over for the world's largest ocean carriers as pricing power plummets https://t.co/GAwLRVrM01 #OCEANFREIGHT #MSC #CONTAINERS #TRADE
TRADE ALERT- Chemicals industry, freight rails brace for Trump tariffs on Canada, Mexico https://t.co/tXOoHcBLka #CANDA #MEXICO #TRADEWAR #TARIFFS #TRUMP