As the bustling summer season kicks off, labor disputes have disrupted the flow of shipping in the United States. Members of the International Longshore and Warehouse Union have staged protests, resulting in congestion and delays at U.S. West Coast ports, as reported by CNBC. The average wait times for container vessels attempting to enter Los […]
Read MoreDuring fiscal year 2022 (October 1, 2021 – September 30, 2022), the Baltimore Field Office of CBP achieved a significant milestone by intercepting 239 stolen vehicles, surpassing all other CBP field offices nationwide. The total value of these vehicles amounted to nearly $11.5 million. This accomplishment highlights the effectiveness of CBP officers in preventing stolen […]
Read MoreWASHINGTON/LOS ANGELES, June 5 (Reuters) – Major retailers and manufacturers are urging the White House to step in and mediate the labor negotiations at West Coast ports, expressing concerns about potential disruptions to shipping during crucial holiday shopping seasons. This call comes after the closure of the largest terminal at the Port of Long Beach […]
Read MoreThe month of May brought further challenges for airfreight rates as a combination of weak demand and a steady influx of returning belly capacity continued to impact the industry. Experts anticipate that this pressure on rates will persist throughout the year. Bruce Chan, director and senior research analyst at investment bank Stifel, expressed concerns about […]
Read MoreLast year, many headlines were focused on supply chain challenges that were impacting retail and every other industry. The nation’s ports saw congestion on the water with vessels backed up, as well as on land with terminals full of both loaded and empty containers. There were difficulties with finding enough truckers, a shortage of chassis […]
Read MoreWASHINGTON – 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,” […]
Read MoreThe 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 the […]
Read MoreRecent airfreight rate data appears to show that the air cargo market may have reached a new normal but the outlook remains cloudy. Writing in his monthly column for the Baltic Exchange Airfreight newsletter, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel said that airfreight rates […]
Read MoreAccording to industry experts, due to 76% of the U.S. population residing closer to the East Coast, it is not surprising that more cargo will head there. Consequently, ocean freight will continue to move from ports in the Pacific to ports on the East Coast of the United States. John McCown, founder of Blue Alpha […]
Read MoreU.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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