08 Apr 2023

NRF Forecasts 2023 Retail Sales to Grow Between 4% and 6%

  WASHINGTON – The National Retail Federation today issued its annual forecast, anticipating that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion this year. “In just the last three years, the retail industry has experienced growth that would normally take almost a decade by pre-pandemic standards,” […]

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07 Apr 2023

Congress Warns That Chinese Shopping Apps Could Enable Uyghur Forced-Labor Imports

  The members of Congress behind the law that combats the import of goods produced by Uyghur forced labor are warning that some importers are taking advantage of a loophole intended to avoid scrutiny of the products that they’re bringing into the U.S. — and that increasingly popular Chinese e-commerce apps might facilitate breaches of […]

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16 Mar 2023

USTR confirms tariff cutting not on the Biden trade agenda

U.S. Trade Representative Katherine Tai on Thursday rebuffed appeals from senators to begin negotiating trade agreements that would cut tariffs on U.S. agricultural exports. “At this moment we do not have tariff liberalization negotiations going on with a partner,” Tai told the Senate Finance Committee. Tai left open the possibility for that to change, saying […]

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08 Mar 2023

Air Cargo Capacity Exceeds Pre-pandemic Levels, Posing “Zero Growth” Risk, Warns Analyst

  The 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 […]

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17 Feb 2023

Freight Rates: Price Drop

Asia Trade Lane Price Drop The contrast between the import rates from Asia in 2022 and those in 2023 is quite striking. Just half a year ago, it was not unusual for ocean rates to be in the five-figure range. However, presently, the shipping industry has become fiercely competitive with rates dropping even below the […]

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30 Jan 2023

Shipping Alliances

  The two largest global container lines have mutually agreed to end their vessel-sharing partnership in January 2025. A joint statement by Vincent Clerc, CEO of A. P. Moller – Maersk, and Soren Toft, CEO of MSC, said that discontinuing the vessel-sharing alliance would allow both companies to “pursue their individual strategies”. Consultant Drewry observed […]

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