The US presidential election will have a substantial impact on global trade policies, particularly tariffs, which have been a focal point for recent administrations. Both US-based companies and international trade partners are closely monitoring potential…
Canada’s logistics and trade sectors are facing unprecedented strain as labor disputes escalate at two of the country’s largest ports. The Port of Montreal, Canada’s second-largest container port, is now largely paralyzed, with two major…
Overall This week, the Drewry composite index increased by 4%. Freight rates between various ports have shown diversity; rates from Rotterdam to New York remained stable. Rates from Shanghai to Los Angeles increased by 1%…
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) is moving forward with Phase VII of the Lacey Act provisions, which will go into effect on December 1, 2024. This phase introduces…
On September 13, 2024, the United States Trade Representative (USTR) finalized long-awaited modifications to the tariffs imposed under Section 301 of the Trade Act of 1974. The tariffs, originally implemented to pressure China to reform…
Overall The latest Drewry WCI composite index per 40ft container is 64% below the previous pandemic peak in September 2021, but it is 160% more than the average 2019 (pre-pandemic) rate. Additionally, the average index…
In a dramatic escalation, dockworkers walked off the job early Tuesday morning at 36 major ports across the U.S. East and Gulf coasts, marking the first strike of its kind in nearly 50 years. This…
Overall The latest Drewry WCI composite index per 40ft container is 54% below the previous pandemic peak in September 2021, but it is 236% more than the average 2019 (pre-pandemic) rate. Additionally, the average index…
The threat of invasive species like the Asian Long-Horned Beetle and the Emerald Ash Borer continues to devastate U.S. forests, and it’s not just an environmental issue—it’s also a significant concern for global trade. Both…