Despite concerns that tariffs on Mexico, Canada, and China would take effect on February 4, additional tariffs for Canada and Mexico have been delayed until at least March 1. In the meantime, the Federal Register notice for China, as well as the Cargo Systems Messaging Service (CSMS) directives from Customs and Border Protection (CBP), have […]
Read MoreThe air cargo sector is bracing for a potential decline in demand for US-bound services following the introduction of new tariffs by the United States, which are expected to impact import volumes significantly. US President Donald Trump has ignited fresh economic tensions by imposing an additional 25% tariff on all imports from Canada, though it […]
Read MoreAir cargo demand in 2024 has surpassed the record volumes of 2021 by 0.5%, driven by high e-commerce activity and constraints in ocean shipping. According to full-year data from the International Air Transport Association (IATA), demand in 2024, measured in cargo tonne-kilometers (CTK), rose by 11.3% compared to 2023. Despite this growth, full-year yields were […]
Read MoreThe air cargo sector must learn to “embrace volatility,” according to industry analysts who spoke at the World Cargo Summit in Ostend on January 28. Experts highlighted both the strong tailwinds driving growth and the significant headwinds threatening disruption. Ludwig Hausmann, senior partner at consulting firm McKinsey & Co, underscored the industry’s rapid expansion, citing […]
Read MoreWith the potential implementation of 25% tariffs on imports from Mexico and Canada looming, many businesses are seeking guidance on how to navigate the resulting supply chain disruptions. A recent webinar hosted by global supply chain provider Kuehne + Nagel highlighted this growing concern. The webinar, titled “Navigating Unprecedented Global Trade Disruptions,” took place on […]
Read MoreThe post-peak season decline in air cargo demand from the Asia Pacific region has not been as severe as initially feared, according to data provider WorldACD. WorldACD analyzed the drop in demand between the December peak and the early January low after concerns arose among air cargo industry executives about the extent of the decline, […]
Read MorePresident Trump released his memorandum on an America First Trade Policy that did not immediately result in “day one” additional tariffs on any country, but it is a top-to-bottom review of every possible action the U.S. could take against a country that is trading unfairly or burdening U.S. commerce based on existing laws. A […]
Read MoreThe San Pedro Bay Port Complex, comprising the Port of Los Angeles and the Port of Long Beach, handles about one-third of all containerized imports to the United States each month. As the 10th busiest port in the world, it plays a critical role in the local, regional, and national economy, particularly impacting truckload and […]
Read MoreU.S. Customs and Border Protection (CBP) has announced plans to revise de minimis rules in response to the surge in e-commerce shipments, aiming to streamline administrative processes and crack down on illegal goods entering the U.S. The proposed changes, revealed yesterday, include mandatory submission of additional shipment information and the establishment of a fully electronic […]
Read MoreE-commerce shipments to the US are showing signs of a shift from air cargo to sea freight, with potential changes to de minimis rules likely to accelerate this trend. This perspective was highlighted during Freightos’ “Global Freight Outlook” webinar, which explored how actions by the incoming Trump administration might impact e-commerce airfreight. Currently, de minimis […]
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