AGP Executive Report
Last update: an hour agoAir Cargo: UPS opened its new hub at Clark International Airport in the Philippines, expanding cargo capacity as President Ferdinand Marcos Jr. urged action on port congestion, weak road links and cold-chain gaps that delay essential goods and raise costs. Shipping Costs: Oil freight is surging amid attacks and disruption around the Strait of Hormuz. A U.S.-to-Japan supertanker voyage is now expected to cost $81 million, nearly nine times last year’s average, adding pressure to fuel and consumer prices. Rail Freight: Latvia’s transport ministry estimates a ban on Russian grain transit could cost its transport and logistics sector €290 million a year, including lost railway and port business. Charging Network: Fastned reported Q3 charging revenue of €51.3 million, opened 17 stations and signed agreements for 26 more locations, as rising EV use lifts demand.
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