Morning Minute | October 9, 2025
Ocean container rates on the eastbound Trans-Pacific are falling by double digits in a surprise move from China carriers ahead of new US port fees. The ship tax, which begins next week, charges China-owned or operated ships $80 per net tonnage for each voyage to the U.S. and could cost major players like Cosco and OOCL as much as $2.1 billion in 2026. Autonomous trucking company Kodiak AI just debuted on the NASDAQ after successfully combining with Ares Acquisition Corporation II, resulting in a $2.5 billion valuation for the newly public company. Kodiak secured more than $275 million in…
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