US-China Trade Truce May Ease Logistics Costs, DP World Says

Improved trade relations between the US and China may help lower logistics costs, while previous tensions provided opportunities for growth in regions like Africa to cater to global needs for goods and manufacturing, the regional head of port operator DP World Ltd. said.

“It will definitely be positive for the cost of logistics,” Mohammed Akoojee, DP World’s managing director for sub-Saharan Africa, said in an interview on Bloomberg Television on Tuesday. “Up until now, the trade war has increased the cost of logistics in terms of freight rates and duties.”