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…
The Teamsters Canada Rail Conference (TCRC), the union representing nearly 10,000 rail workers at Canada’s two largest freight railroads, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), has filed a lawsuit challenging the…
As labor negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) reach a critical juncture, the possibility of a strike at East and Gulf Coast ports is becoming increasingly likely.…
Overall The Drewry WCI composite index is 45% below the previous pandemic peak, but it is 304% more than the average 2019 (pre-pandemic) rate. Additionally, the average index for the year-to-date significantly exceeds the 10-year…
Senators Bill Cassidy (R-LA) and Catherine Cortez Masto (D-NV) have recently introduced a discussion draft for the Customs Facilitation Act of 2024, a legislative effort aimed at streamlining and modernizing the customs process in the…