As the world of freight and logistics continues to evolve, understanding the latest strategies is ever more crucial for businesses to stay ahead. A comprehensive study released by Freight Waves with a focus on North American supply chains offers vital insights into the industry as we approach 2024. Here are some of the main discussion…
The shipping industry, particularly concerning spot rates and their implications for 2024 contracts, presents a complex and evolving scenario. In the last weeks of 2023, container lines’ financial outcomes for 2024 hinge significantly on their ability to increase spot rates. A failure to do so would result in considerably lower annual contract rates compared to…
Overall Demand, especially in US container imports has been consistent in line with pre-COVID peak season patterns. The consensus among ocean carriers and ports is that volumes will increase as holiday goods are shipped. This is expected to provide some support to spot rates through early fall. As of November 30, Drewry’s World Container Index…
Overall Demand, especially in US container imports has been consistent in line with pre-COVID peak season patterns. The consensus among ocean carriers and ports is that volumes will increase as holiday goods are shipped. This is expected to provide some support to spot rates through early fall. As of November 2, Drewry’s World Container Index…
In a significant development, the European Union and the United Kingdom have announced new sanctions that will reshape the iron and steel import industry. Starting on September 30, 2023, these sanctions will specifically target iron and steel products processed in third countries that incorporate Russian-origin materials. This move is designed to close loopholes that previously…
In a significant turnaround, West Coast ports are experiencing a resurgence in container volumes, signaling a robust period for the freight forwarding and logistics industry. The Port of Los Angeles and the Port of Long Beach, two of America’s largest Pacific gateways, have reported substantial increases in cargo throughput, indicating a shift in the transpacific…
Importers of aluminum extrusions could be subject to increased costs due to a new antidumping (AD) and countervailing duty (CVD) investigation. In response to a petition from U.S. domestic producers, the Department of Commerce, International Trade Administration (ITA), initiated an AD/CVD investigation of aluminum extrusions from 15 countries including China, Colombia, Dominican Republic, Ecuador, India,…
The global logistics industry stands on the precipice of a revolution, one not seen since the inception of the shipping container. Drones, once the playthings of hobbyists and the tools of the military are now poised to redefine the very fabric of delivery services. With recent expansions by Amazon in the UK and Italy, and…
The U.S. international trade landscape is currently undergoing significant discussions and potential reforms. Two major events have recently been in the spotlight: concerns surrounding cargo clearance in the event of a government shutdown, which fortunately did not materialize, and the ongoing discussions surrounding the renewal of the Generalized System of Preferences (GSP). Cargo Clearance: Preparedness…
Transportation has always been at the forefront of technological innovation. From the invention of the wheel to the development of the steam engine, and now to the age of automation, the way goods are moved has continuously evolved. One of the most promising and transformative advancements in recent years is the rise of unmanned freight…