30 Mar 2023

Air cargo capacity rises above pre-pandemic level while industry faces risk of zero growth

  Air cargo capacity is continuing to climb and rose above the pre-pandemic level for the first time in four years, according to the latest market analysis from CLIVE Data Services. Global air cargo capacity increased for the eleventh consecutive month in February, up 11% on the same period last year. Meanwhile, global air cargo […]

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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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15 Mar 2023

ITC Study proves effectiveness of China Tariffs on boosting Domestic Production reducing dependence on Imports

  The Coalition for a Prosperous America (CPA) today released a statement regarding a report by the U.S. International Trade Commission (USITC) analyzing the effects of Section 232 and Section 301 tariffs on more than $300 billion of U.S. imports. The USITC report found that the tariffs reduced imports from China, effectively stimulated more U.S. production of […]

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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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