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19 August 2026

Retail giant Target receives $1bn boost from tariff refunds

Downunder Voices Newsroom

Source reporting: BBC World

Retail giant Target receives $1bn boost from tariff refunds

The US chain said it received a $994 million pre-tax reimbursement, which resulted in its second quarter operating income rising to $2. 6bn.

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19 August 2026

Hapag-Lloyd takes 25 per cent stake in Maasvlakte II

Hapag-Lloyd has agreed to acquire a 25 per cent stake in APM Terminals Maasvlakte II B. V. from APM Terminals, strengthening its position in Rotterdam and securing long-term automated terminal capacity. The investment will support the terminal’s ongoing expansion and operational development, while reinforcing Maasvlakte II’s role as a key European hub for the Gemini Cooperation […] The post Hapag-Lloyd takes 25 per cent stake in Maasvlakte II appeared first on Port Technology International .

Source: Port TechnologyOriginal source

19 August 2026

Freight Distress Report: More than 7,000 jobs cut in new wave of closures

Layoffs and facility closures are mounting across U. S. freight, distribution and manufacturing networks, with more than 7,000 jobs affected by recently announced workforce reductions involving companies ranging from Tyson Foods and FedEx to Ryder, CJ Logistics America and Daimler Truck. The largest reduction comes from Tyson Foods, which is reportedly eliminating more than 3,000 jobs as it closes facilities in Joslin, Illinois, and Eagle Mountain, Utah. The food giant said it is shifting beef operations toward Nebraska, Kansas and Texas amid what it described as a historic cattle shortage.

Source: FreightWavesOriginal source

19 August 2026

Port of Los Angeles recorded cargo decrease

The Port of Los Angeles processed 960,464 TEUs in July 2026, 6% below last year’s all-time July record, when businesses surged cargo ahead of anticipated trade policy changes, the result stood 7. 5% above the port’s five-year average for the month. Loaded imports reached 499,552 TEUs, down 8% compared to last year’s record month but 6% above the five-year July average, reflecting resilient consumer demand and continued opportunistic cargo movement by businesses responding to the evolving trade environment. Loaded exports totalled 111,776 TEUs, down 8% year-on-year, while empty containers declined 2% to 349,137 TEUs. Through the first seven months of 2026, the Port of Los Angeles has handled 6,083,067 TEUs, 1.

Source: Container NewsOriginal source

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19 August 2026

Spain to allow 500 children in Ceuta to go to mainland in immigration U-turn

Madrid government changes stance after previously saying anyone who entered territory illegally would be sent back Europe live – latest updates The Spanish government has U-turned and said it will allow 500 migrant children in Ceuta to relocate to the mainland. The majority of the estimated 70,000 people who crossed into Ceuta – a Spanish territory on the coast of north Africa – on 30 July have returned to Morocco. However, under Spanish law, the state has a duty of care to young, unaccompanied migrants until they reach the age of 18.

Source: The Guardian WorldOriginal source