Overall Freight demand has increase slightly 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. As of July 27, Drewry’s composite World…
The global shipping industry has long been a significant contributor to greenhouse gas emissions, responsible for nearly 3% of the world’s total emissions, and equivalent to roughly one billion tonnes of greenhouse gases annually. At a recent UN summit, countries took a significant step towards addressing this issue by committing to achieve net-zero shipping emissions…
After over five years of enduring Section 301 tariffs on a vast array of imports from China, importers may finally see some relief in the coming months. Initially set to expire in the summer of 2022, the tariffs’ continuation was requested by numerous entities, leading the Office of the U.S. Trade Representative (USTR) to initiate…
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…
We are delighted to announce the addition of Dustin King to our team as Vice President of Strategic Development & Executive Sales Director. With his vast experience and expertise spanning 26 years, Dustin will be responsible for managing growth and strategic development across the entire organization, effective July 1. Dustin brings a wealth of knowledge…
In June, the United States Trade Representative (USTR) made an important announcement regarding the resolution of ongoing disputes between the United States and India at the World Trade Organization (WTO). The agreement signifies a positive step forward in the bilateral trade relationship between the two nations. However, while the disputes have been terminated, India’s hopes…
The global supply chain landscape has been undergoing a significant transformation, with companies seeking ways to bring their operations closer to the U.S. economy. This shift, known as nearshoring, has proven to be highly beneficial for Mexico, positioning the country as a key beneficiary of this strategic realignment. Let’s delve into Mexico’s growing prominence as…
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…