Major container shipping lines are pushing for spot rates on shipments from China to the US West Coast that are more than double current levels, aiming to capitalize on a surge in demand sparked by a temporary easing of US tariffs on Chinese goods. Spot rates have already started rising following Monday’s announcement of a […]
Read MoreThe suspension of China–U.S. shipments and a wave of blank sailings on the trans-Pacific trade lane may lead to a significant redistribution of vessel capacity, according to Alexandra Ilascu of Kuehne + Nagel. Speaking during the Journal of Commerce’s Asia-Europe webinar, Ilascu warned that these shifts are likely to impact other trade routes, including Asia-Europe […]
Read MoreFireworks have long been a staple of the Fourth of July celebrations but this year, Americans may face shortages and higher prices. The reason? Nearly all fireworks sold in the U.S. are imported from China, and the steep 145% tariff on Chinese goods is forcing U.S. distributors to either raise prices significantly or cut back […]
Read MoreSeveral major Chinese airlines are reportedly considering the cancellation of their services to the United States, though no final decisions have been made, according to logistics provider Dimerco. “If these cancellations proceed, the already tight air cargo capacity from China to the US will shrink even further,” the company warned. Kathy Liu, vice president of […]
Read MoreA recent report from consultancy firm Trade Partnership Worldwide has raised concerns over the potential impact of heightened tariffs and port fees on the US apparel trade. If current tariff hikes become permanent and additional fees on Chinese vessels are enforced, the US could see a noticeable decline in clothing imports, the study warns. While […]
Read MoreRecent data from WorldACD reveals a slight decline in airfreight demand from China and Hong Kong to the US last week, even as shipping rates increased. For the week ending April 6 (week 14), demand from these key markets fell by 1% compared to the previous week, marking the first drop since the beginning of […]
Read MoreWhile major container lines and their largest customers have remained largely silent on the Trump administration’s proposed $1 million per U.S. port call fee for Chinese vessels, smaller maritime and container trade stakeholders are voicing strong opposition ahead of the comment period deadline on Monday. In submissions to the U.S. Trade Representative (USTR) before Monday’s […]
Read MoreAir freight rates from China to the US have plummeted since Lunar New Year, driven by the typical post-holiday slowdown and uncertainty over new US trade restrictions on low-value imports under the “de minimis” threshold. Though the sharp decline in spot prices has stabilized in March, average rates from Shanghai to the US were down […]
Read MoreThe effects of stricter e-commerce shipping regulations started to surface in February’s air cargo data, even as the overall market maintained its growth trajectory. According to new figures from data provider Xeneta, global air cargo demand rose by 4% year over year in February. The dynamic load factor remained steady at 59%, while the average […]
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% […]
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