Hapag-Lloyd anticipates a possible cargo surge ahead of the Lunar New Year in January, driven in part by shippers aiming to avoid potential new U.S. tariffs on Chinese goods under the incoming Trump administration. Despite strong fourth-quarter demand, the carrier expects profitability to dip compared to its record-breaking third quarter. “There could be a rush […]
Read MoreUS retailers are accelerating their year-end import volumes, planning to bring in an additional 350,000 TEUs this November and December compared to forecasts from just a month ago. The surge aims to preempt disruptions from a potential East and Gulf Coast dockworker strike in January and significant tariff hikes proposed by President-elect Donald Trump. According […]
Read MoreThe air cargo sector is adopting a cautious “wait and see” stance regarding the possible impact of new US tariffs and heightened regulatory scrutiny for e-commerce shipments. This sentiment was echoed during the Tiaca Air Cargo Forum, where industry leaders discussed how anticipated policy changes could reshape the market. At the forum, Tiaca’s executive director […]
Read MoreThe air cargo industry may face significant setbacks if the new U.S. administration, potentially led by Donald Trump, enforces stricter regulations on low-value e-commerce shipments, as industry experts anticipate. Judah Levine, head of research at Freightos, suggests that changes could come to the “de minimis” exemption, which currently allows imports valued under $800 to bypass […]
Read MoreIn 2023, air cargo traffic saw a slight decline, with global volumes decreasing by 1.8% to 115 million tonnes, according to Airport Council International (ACI) World. Cargo traffic continued to concentrate in the world’s primary hubs, though the busiest airports held relatively stable positions. Hong Kong maintained its lead with 4.3 million tonnes, followed by […]
Read MoreThe eastbound trans-Pacific trade is experiencing an unusually extended peak season, with steady demand for imports from Asia and fewer-than-expected blank sailings announced for November. Carriers are holding off on the typical reduction in services, seeking to maintain higher rates as import levels remain strong. Typically, import demand from Asia decreases as Black Friday approaches, […]
Read MoreAs mid-October progresses, seasonal patterns indicating a dip in volume have become apparent, albeit slightly later than usual. This delay can be attributed to three disruptions earlier in the month that provided a temporary uptick in freight demand. Historically, mid-November marks the beginning of increased demand as we approach the holiday season, and this year […]
Read MoreAs China’s Golden Week holiday disruptions wind down, airlines are shifting more capacity to high-demand routes between Asia Pacific and North America, preparing for the busy Christmas season. According to the U.S. National Retail Federation (NRF), holiday consumer spending is projected to increase by 2.5% to 3.5% over last year, with e-commerce expected to grow […]
Read MoreThe recent three-day strike by dockworkers at East and Gulf coast ports may have ended quickly, but its effects will be felt in global trade for weeks to come. Lars Jensen, CEO of Vespucci Maritime and container shipping analyst for the Journal of Commerce, warned Thursday that shippers should brace for a delayed reduction in […]
Read MoreTruckload spot rates across the southeastern U.S. are rising sharply in response to back-to-back hurricanes. After Hurricane Helene ravaged parts of Florida to North Carolina, the trucking market experienced significant disruption. Now, as Hurricane Milton approaches the Gulf Coast of Florida, spot rates are climbing even higher. Last week saw nationwide increases in spot rates […]
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