Freight Talk


FREIGHT MARKET UPDATE | WEEK 13 | 2024

In this Week 13 Freight Market Update edition, we explore significant developments impacting freight operations across various regions. BALTIMORE BRIDGE COLLAPSE Vessel traffic in and out of the Port of Baltimore is suspended indefinitely. Authorities are redirecting all traffic to the Harbor and Fort McHenry Tunnels which both see [...]

2024-03-28T21:23:27+00:00March 28th, 2024|Freight Market, Freight Talk, Shipping News|

BALTIMORE BRIDGE TRAGEDY: SUPPLY CHAIN IMPACT

BRIDGE COLLAPSE Maryland Governor Wes Moore declared a state of emergency for the city of Baltimore after a container ship collided with a support column of the Francis Scott Key Bridge, causing a total collapse early in the morning of March 26, 2024. The Francis Scott Key Bridge stretched 1.6 [...]

UPCOMING OCEAN CARRIER ALLIANCES TO WATCH

In late February, members of the OCEAN Alliance (OA), CMA CGM, Cosco Shipping, Evergreen and OOCL, announced the extension of their partnership agreement for five more years. Solidifying this alliance provides some stability in the shipping sector, that has seen other alliances restructured or dissolved recently. The new agreement begins [...]

2024-03-21T16:36:34+00:00March 21st, 2024|Export, Freight Talk, Import, Shipping News|

USDA ORGANIC REGULATIONS UPDATE: IMPLEMENTATION STARTS THIS WEEK

Implementation of the Strengthening Organics Enforcement (SOE) Rule goes into effect today, March 19, 2024. The new rule updates the USDA’s organic regulations, oversight, and enforcement for organic products including production, handling, and sales. The new rule also implements 2018 Farm Bill requirements, addresses industry requests for regulation updates and National [...]

FREIGHT MARKET UPDATE | WEEK 12 | 2024

In this Week 12 Freight Market Update edition, we explore significant developments impacting freight operations across various regions. PANAMA CANAL Water levels in the Panama Canal are projected to decrease over the next two months, potentially dipping below 80 feet by early April. This decline will likely result in [...]

2024-03-28T21:27:26+00:00March 19th, 2024|Freight Market, Freight Talk, Shipping News|

FMC’S FISCAL YEAR 2025 BUDGET: KEY HIGHLIGHTS AND PRIORITIES

The recently published Federal Maritime Commission (FMC) budget for Fiscal Year 2025 (FY25) demonstrates the Commission's focus on staffing, restructuring, case prioritization, OSRA implementation, and a new electronic case management system. These updates are part of the $48.4 million congressional funding request FMC submitted for FY25 - an increase of [...]

CALIFORNIA EMISSION REGULATIONS FACING BACKLASH FROM REGIONAL FREIGHT INDUSTRY

California state and regional regulatory agencies are facing backlash from the freight transportation sector due to new emissions rules. Similar in goal to SB-253 and SB-261, these rules are being introduced to reduce emissions from freight transportation activities. The agencies are being urged to delay the rules due to high [...]

EU TAKES ACTION AGAINST FORCED LABOR: NEW IMPORT BAN RULE

EUROPEAN UNION ANNOUNCES NEW FORCED LABOR RULE The European Union (EU) announced March 5th that a deal had been reached on a new rule set regarding forced labor. Specifically, this new rule will ban imports suspected of being made with forced labor, outlining how the EU will investigate and penalize [...]

FREIGHT MARKET UPDATE | WEEK 10 | 2024

In Week 10 of 2024's freight market update, we observe railcar shortages in select regions while container supplies rebound elsewhere. Meanwhile, geopolitical challenges continue to impact freight transit times through the Red Sea and Panama Canal. CONTAINER SUPPLY There is an improvement in China, with main ports fully stocked, [...]

2024-03-28T21:30:37+00:00March 5th, 2024|Freight Market, Freight Talk, Shipping News|
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