Overall This week, the Drewry composite index decreased by 2%. Freight rates between various ports have shown diversity; rates from Rotterdam to New York remained stable. Rates from Shanghai to Los Angeles decreased by 5%…
As President-elect Donald Trump prepares to take office, his ambitious tariff proposals have raised significant questions about their impact on global trade and the web of supply chains that depend on international commerce. By targeting…
The International Longshoremen’s Association (ILA), representing approximately 45,000 dockworkers along the East and Gulf Coasts, could strike again in January 2025 posing a significant disruption to U.S. supply chains. This past October, the ILA initiated…
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…