GLOBAL MARKET INSIGHTS
Keeping you updated on the latest industry news.
Tips for Navigating the Peak Shipping Season
This year’s peak shipping season looks to be getting an earlier start than usual. According to the National Retail Federation, monthly U.S. import volumes are ... Read More
Biden Hikes Tariffs on Numerous Imports from China: Batteries, Steel and Aluminum Products, Critical Minerals, Medical Products, and More
Pres. Biden is increasing tariffs on $18 billion worth of Chinese goods, mainly targeting key sectors deemed strategic to national security. The Administration has for ... Read More
Shipper Frustration Mounts as Demand Spikes, Capacity Tightens, and Rates Soar
Shippers and carriers have been caught off guard by a sudden surge in demand on Asian trades. Despite the soaring demand, capacity has remained static, ... Read More
Canadian Rail Workers at CPKC and CN Vote to Strike
Teamsters Canada (TCRC) have voted overwhelmingly in favor of strikes against Canadian Pacific Kansas City (CPKC) and Canadian National (CN). The union, representing 9,300 train ... Read More
Baltimore Bridge Collapses After Containership Collision
The Francis Scott Key Bridge in Baltimore, MD collapsed in the wee hours this morning after it was struck by a containership exiting a nearby ... Read More
China Section 301 Tariff Exclusions Extended Through May
Importers of hundreds of goods from China won’t face higher tariffs for several more months after the Office of the U.S. Trade Representative (USTR) extended ... Read More
How the Grinch is Attempting to Steal Christmas, Hundreds of Goods Likely to Be Impacted When Section 301 Tariffs Expire
The Grinch is up to his nasty tricks again, getting ready to steal Christmas from the Whos down in Whoville who have enjoyed tariff-free imports ... Read More
Feds Suspend Rail Operations in Texas Amid Migrant Surge
U.S. Customs and Border Protection (CBP) has temporarily suspended all rail operations in Eagle Pass and El Paso, Texas after observing a surge in the ... Read More
Panama Canal to Increase Daily Transits in January
After receiving better-than-expected rainfall in November, the Panama Canal Authority (ACP) has announced it will increase the number of daily vessel transits from 22 to ... Read More
