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 […]
Read MoreObserving the “two sessions” in China, a crucial event on the political calendar, is never dull for China watchers. This year, the urgency to spearhead technological development and safeguard against economic headwinds was evident. With Xi Jinping embarking on a norm-breaking third term as leader of the world’s second-largest economy, the focus of the new […]
Read MoreLars Jensen, founder and CEO of Vespucci Maritime, has warned that shippers can expect to face carbon surcharges and fewer direct services from carriers in the second half of 2023, as carrier network adjustments to reduce the cost impact of Emissions Trading System (ETS) are implemented. Speaking at the TPM23 conference in Long Beach, Jensen […]
Read MoreAccording to aviation groups, China’s efforts to restructure its economy will increase demand for trade, which is expected to spill over into the air cargo markets by the end of this year. During a recent webinar, Glyn Hughes, Director General of The International Air Cargo Association (TIACA), stated that “once we can overcome the current […]
Read MoreArtificial intelligence (AI) is already making its way into the supply chain. If you missed the launch, then it’s time to track the trajectory of AI’s impact from managing initial demand to final-mile delivery. So, where does AI fit in today’s supply chain? Only six short years ago, the trade association MHI published a supply chain […]
Read MoreStarting March 18, 2023, all shipments manufactured in China will be required to enter the U.S. with the postal code of the factory. U.S. Customs and Border Protection (CBP) will be validating those imports to ensure the imported goods are not produced in the Xinjiang Uyghur Autonomous Region (XUAR). The Uyghur Forced Labor Prevention Act […]
Read MoreChina Feb services activity jumps sharply as demand recovers- Caixin PMI BEIJING, March 3 (Reuters) Activity in China’s services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 restrictions revived customer demand, driving a solid increase in employment, a private sector survey showed on Friday. The […]
Read MoreThe 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 […]
Read MoreConcerns are rising among West Coast ports as negotiations resume between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA). The slow pace of contract talks is negatively impacting import and export shipping business. January container volume numbers show a significant year-over-year drop at the ports of Los Angeles and Long Beach, […]
Read MoreMost of the weakness in the broader economy occurred in the first half of 2022, when real GDP declined at annual rates of 1.6% and 0.6% in the first and second quarters, respectively. Real GDP growth then accelerated over the second half of the year, averaging 3%. Thus, the economy entered 2023 with a healthy […]
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