06 Jun 2024

Navigating Container Shortages in 2024: Implications for North American Intermodal

The global supply chain is facing an unexpected challenge in 2024: a shortage of containers. Despite the significant capacity added by ocean carriers, recent reports and spot prices indicate that container scarcity is a reality. But what does this mean for North American intermodal transportation, and could it lead to a repeat of the chaos […]

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05 Jun 2024

China’s Trade Surplus: Undervalued Yuan or Something Else?

The debate over China’s manufacturing overcapacity has ignited intense discussions among policymakers. During her trip to China in April, U.S. Treasury Secretary Janet L. Yellen raised concerns about the impact of “artificially cheap Chinese products flooding the global market,” questioning the sustainability of foreign firms, echoing similar concerns from a decade ago. Yellen’s observation holds […]

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04 Jun 2024

Deja Vu: Container Shipping Market Faces Repeat of Pandemic Chaos

  The container shipping industry is experiencing a worrying trend – a repeat of the supply chain disruptions that plagued the world during the pandemic. This shortage of ships, coupled with high demand, threatens to send shipping rates soaring and cause significant delays. Unless there’s a quick turnaround, freight rates could skyrocket, potentially reaching a […]

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31 May 2024

CBP Suspends Low-Value Shipment Access for Several Customs Brokers

The U.S. Customs and Border Protection (CBP) has suspended access for several customs brokers to the Type 86 program, which facilitates low-value import shipments. This voluntary initiative allows consignees to have their customs brokers provide CBP with data filed through the agency’s automated broker interface (ABI) under the de minimis rule. The de minimis rule […]

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01 Feb 2024

Anticipated Shifts in 2024 US Container Import Patterns Aligning with Key Sourcing

The slight shifts in the percentage of containerized imports from China to the United States align with three major trends acknowledged by both the business and geopolitical communities: China Plus One, incremental gains in friendshoring by volume, and an increased reliance on Vietnam and India. To mitigate their dependence on China, US retailers and other […]

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15 Jan 2024

West Coast Ports Prepare for Import Wave Amid Global Turmoil

West Coast ports are bracing for a tidal wave of incoming goods as supply chain woes and international tension collide. This perfect storm stems from several factors: Inventory restocking: Retailers are replenishing shelves after periods of low stock, driving up import demand. Homecoming cargo: Goods that shifted to other ports during last year’s labor talks are returning to […]

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08 Jan 2024

Trade policy tango continues! USTR extends Section 301

  On December 26, the Office of the United States Trade Representative (USTR) made an important announcement regarding the extension of active Section 301 China product exclusions. Originally slated to conclude on December 31, 2023, the 429 exclusions are now set to endure until May 31, 2024, as outlined in a comprehensive report by the […]

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05 Jan 2024

US Mortgage Rates Fall for Ninth Straight Week, Offering Relief in Hot Market

Good news for homebuyers! Mortgage rates have dropped for the ninth consecutive week, providing a glimmer of hope in a housing market that has been tough on wallets since the 1980s. After dipping below 7% for the first time since August in early December, rates continued their downward slide. The average 30-year fixed-rate mortgage now […]

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29 Dec 2023

Trump’s Trade Storm Clouds: Prepare for More Friction if He Returns

Donald Trump’s first term as president was a seismic shift in U.S. trade policy. He launched a tariff war with China, pulled out of major trade agreements, and earned the nickname “Tariff Man.” Now, if he wins re-election, expect the ground to tremble again. Trump’s campaign documents and interviews hint at a second term filled […]

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