The airfreight sector may see increased demand due to a proposed new fee targeting China-built vessels importing goods into the US. The US Trade Representative (USTR) has suggested imposing a charge between $500,000 and $1.5 million per port call for any Chinese-owned or operated vessel, as well as carriers with Chinese-built ships in their global […]
Read MoreThe President has amended the previous Executive Order issued on February 1, raising the additional tariff from 10% to 20%. Tariff Details: Tariff from Feb. 4 to March 3: For products from China and Hong Kong entered or withdrawn from warehouse for consumption between 12:01 a.m. ET on February 4 and March 3, the additional […]
Read MoreThe Federal Register has released notices regarding the implementation of 25% tariffs on products from Mexico and Canada, effective at 12:01 a.m. ET on March 4. These tariffs will apply to most goods entering the U.S. from Canada or Mexico, with the exception of energy products from Canada, which will incur a 10% duty. Scope […]
Read MoreThe air cargo industry is bracing for potential disruptions as stakeholders await updates on global tariffs from the US, creating uncertainty about the impact on the sector. Yesterday, the White House saw a flurry of activity as President Donald Trump announced executive orders imposing additional tariffs: a 10% increase on imports from China, a 25% […]
Read MoreInternational intermodal traffic along the U.S. West Coast saw a significant surge in January, driven by import frontloading and cargo diversions stemming from concerns over new U.S. tariffs and potential labor disruptions along the East and Gulf coasts. This uptick in West Coast activity continued a trend that began last fall, particularly in the ports […]
Read MoreCargo crime in the U.S. is not only increasing but also shifting to new regions as thieves adapt to changing supply chain patterns, according to a report by supply chain security firm Overhaul. Overhaul predicts cargo theft will continue rising at double-digit rates in 2025, though at a slower pace than in 2024. Criminals are […]
Read MoreThe Trump administration is considering new tariffs aimed at the container shipping industry, proposing steep port usage fees on Chinese-built and Chinese-operated vessels calling at U.S. ports. Additionally, U.S. exporters may face rising costs under a separate proposal requiring an increasing share of exports to be transported on American ships. If enacted, these measures could […]
Read MoreOcean carriers remain unwilling to restore services through the Red Sea and Suez Canal until a “full and permanent” ceasefire is established between Israel and Hamas, according to Inchcape Shipping Services. The ongoing instability in the region suggests that vessel diversions around southern Africa will continue for the foreseeable future, Chris Greenwood, vice president of […]
Read MoreIn a move that could reshape U.S. trade policy, President Donald Trump announced on Thursday, February 13, a sweeping investigation aimed at assessing and potentially imposing reciprocal tariffs on foreign nations that maintain higher import duties on American goods. The initiative, which the administration describes as a step toward tariff equivalency, is designed to address […]
Read MoreThe U.S. government has temporarily reinstated the de minimis exemption, which allows packages valued under $800 to be imported duty-free, reversing an earlier decision that had disrupted international parcel shipments. According to a statement from the White House, the exemption will remain in place while authorities establish systems to efficiently process and collect tariffs on […]
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