As the transition to electric trucks gains momentum, many fleets are taking advantage of generous incentives offered by states such as California to offset the high costs associated with electric vehicles. It’s important to understand that these incentives are not indefinite, and as regulations go into effect, they will gradually phase out. This lesser-known downside…
Overall Freight demand has remained lower and consistent over the past month. The consensus among ocean carriers and ports is that there will be a moderate increase in peak-season volumes as holiday goods are shipped. This is expected to provide some support to spot rates through summer and early fall. However, hopes of a significant…
In a significant move that has raised tensions with China, the United States and Taiwan have signed a new trade deal aimed at strengthening economic relations between the two nations. Described as the most comprehensive trade agreement since 1979, the pact seeks to deepen the economic and trade relations between the U.S. and Taiwan, which…
The global trading system is undergoing significant shifts that are reshaping international supply chains and ushering in a new era of trade. Termed “reglobalization,” this transformation is driven by two primary forces: companies seeking to mitigate the risks of pandemic-related disruptions and governments aiming to secure access to critical materials in an increasingly fragmented global…