Airfreight rates continued their upward trend last week as businesses sought to transport goods ahead of the anticipated announcement of sweeping new U.S. tariffs. According to data from TAC, compiled for the Baltic Air Freight Index, overall air cargo rates increased by 2.4% in the week ending March 31, reflecting a 5.1% rise compared to […]
Read MoreA quick update on the current logistics landscape in Southern California and what shippers can do to mitigate potential disruptions: Import Surge and Empty Container Imbalance January saw a sharp increase in imports as shippers rushed to beat anticipated U.S. tariffs and Lunar New Year factory closures. Year-over-year import growth: Port of Long Beach: up […]
Read MoreSandler, Travis & Rosenberg, P.A. (ST&R) reports that on March 26, the President issued a proclamation imposing 25% tariffs on imported cars, light trucks, and specific vehicle parts under Section 232 of the Trade Expansion Act of 1962, citing national security concerns. These tariffs are based on a 2019 investigation and newly submitted information from […]
Read MoreWith cargo theft and fraud on the rise, transportation and shipping organizations are urging the U.S. House of Representatives to pass legislation that would create a multi-agency federal task force to tackle cargo crime and strengthen penalties against offenders. The primary legislation in focus is the Safeguarding Our Supply Chains Act, introduced in June, alongside […]
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 MoreIn today’s fast-paced logistics landscape, uncertainty has become the norm. Shippers and carriers must constantly adapt to challenges such as labor shortages, yard delays, external disruptions, and unpredictable route planning. These obstacles force frequent last-minute changes, making resilience and adaptability critical for maintaining efficient operations. Logistics professionals face mounting challenges, from geopolitical tensions and environmental […]
Read MoreFreight forwarders are rushing to manage an unexpected surge in air cargo demand on westbound trans-Atlantic routes as shippers expedite shipments ahead of new U.S. tariffs on European goods, set to take effect on April 2. This heightened demand is pushing air freight rates upward, with prices climbing 8% this week to nearly $5 per […]
Read MoreLufthansa Cargo anticipates growth in the air cargo market in 2025 despite ongoing geopolitical challenges and capacity constraints. During a recent webinar, Heike Woerner, senior director of business development, shared the airline’s projection of a 3-5% increase in cargo demand this year. This growth aligns with forecasts of 3.3% global economic expansion and improvements in […]
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 MoreHouthi militants have warned they will restart attacks on merchant shipping in the Red Sea unless Israel restores humanitarian aid and electricity to Gaza, which were cut earlier this month. In a televised speech on March 8, Houthi leader Abdul-Malik Al-Houthi gave Israel four days to lift the blockade on Gaza aid, halted since March […]
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