Starting March 18, 2023, all shipments manufactured in China will be required to enter the U.S. with the postal code of the factory. U.S. Customs and Border Protection (CBP) will be validating those imports to ensure the imported goods are not produced in the Xinjiang Uyghur Autonomous Region (XUAR). The Uyghur Forced Labor Prevention Act […]
Read MoreChina Feb services activity jumps sharply as demand recovers- Caixin PMI BEIJING, March 3 (Reuters) Activity in China’s services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 restrictions revived customer demand, driving a solid increase in employment, a private sector survey showed on Friday. The Caixin/S&P […]
Read MoreThe latest market analysis from CLIVE Data Services reveals that air cargo capacity has exceeded pre-pandemic levels for the first time in four years. In February, global air cargo capacity increased by 11% compared to the same period last year. However, global air cargo volumes fell by 4% YoY and rates remained stable. This […]
Read MoreConcerns are rising among West Coast ports as negotiations resume between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA). The slow pace of contract talks is negatively impacting import and export shipping business. January container volume numbers show a significant year-over-year drop at the ports of Los Angeles and Long […]
Read MoreMost of the weakness in the broader economy occurred in the first half of 2022, when real GDP declined at annual rates of 1.6% and 0.6% in the first and second quarters, respectively. Real GDP growth then accelerated over the second half of the year, averaging 3%. Thus, the economy entered 2023 with a healthy […]
Read MoreNew Citizen-Science Study Reveals Global Sources of Plastic Debris in the Arctic A recent citizen-science project conducted by the Alfred Wegener Institute (AWI) in the Arctic has shown the value of engaging interested citizens in scientific research. Over five years, citizens on sailing cruises to the Arctic surveyed and collected plastic debris that had […]
Read MoreChina’s major ports are facing a growing stack of empty containers, leading to the relocation of surplus boxes to secondary ports to create more space. Container xChange’s Container Availability index (CAx) shows that Shanghai, Ningbo, Tianjin, and Shenzhen ports have recorded a surplus of containers above 0.6 for 11 consecutive weeks as of February 5, […]
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