Air cargo volumes from Asia are on the rise, driven by strong demand and shifting trade patterns. However, as the market continues to grow, securing space on major trade routes is becoming increasingly difficult due to ongoing capacity constraints. SHIFT IN AIR CARGO CONTRACTS Over the past year, capacity issues [...]
REVISED PANAMA CANAL TRANSIT RESERVATION SYSTEM AND TARIFFS Starting January 1, 2025, the Panama Canal Authority (ACP) will implement significant changes to its Transit Reservation System. These adjustments, which include revised tariffs, aim to streamline operations and better address the growing demands of global trade. "These changes will provide [...]
As the U.S. freight market enters Week 51 of 2024, new Panama Canal tariffs and the potential International Longshoremen's Association (ILA) strike loom large. These challenges, combined with tightening capacity, are beginning to impact shipping operations, particularly along the U.S. East Coast and West Coast. PANAMA CANAL TRANSIT SURCHARGE [...]
CHANGES TO ANTIDUMPING AND COUNTERVAILING DUTY PROCEDURES The U.S. Department of Commerce (DOC) has finalized a rule that revises several aspects of its antidumping (AD) and countervailing duty (CVD) procedures, with a focus on non-market economy (NME) policy. This update primarily impacts AD cases. It allows third-country entities, owned [...]
Container shipping demand stays strong in Week 50 as we head into late December and January, especially on the PSW and PNW routes. There are three main reasons behind this: volumes are shifting away from USEC routes, seasonal surges ahead of Chinese New Year, and front-loading activity due to [...]
The Week 49 freight market continues to navigate a challenging climate. Equipment shortages continue to pose challenges for U.S. ports, particularly on the West Coast. Canadian ports also remain congested as teams work through backlogs caused by the extended labor strike. Meanwhile, U.S. analysts project that the incoming administration's [...]
The European Union’s (EU) efforts to reduce transport carbon emissions are entering a new phase in 2025. An upcoming expansion of the Emissions Trading System (ETS) launches in 2025, and carriers are reporting that shippers will face hefty increases in their ETS surcharges. These increases come at a time [...]
The Week 48 freight market continues to be influenced by labor challenges and congestion in North America. Dwell times at the Ports of Los Angeles and Long Beach have improved, reducing delays and easing rail transport to inland U.S. destinations. The shift in U.S. trade policy under the incoming [...]
In 2023, Mexico emerged as the United States’ largest trading partner, surpassing China for the first time. Trade between the two nations surged to nearly $800 billion, signaling a dramatic shift in global supply chain dynamics. This realignment is largely attributed to several recent disruptors, including U.S.-China trade tensions, [...]
The Week 47 freight market finds labor challenges and congestion continuing to dominate North American shipping. Following the near two-week shutdown at Canadian ports, operations have resumed, but a significant backlog of containers and vessels remains. Clearing this congestion is expected to take several weeks, with some vessels still [...]
