WEEK 1 FREIGHT MARKET UPDATE: A STRONG START TO 2025 EXPECTED, BUT CHALLENGES AHEAD The freight market is kicking off 2025 with strong demand and several key developments shaping how global shipping will unfold in the coming weeks. While there is a lot of momentum right now, there are [...]
On December 20, 2024, Mexico terminated a program that previously allowed U.S. apparel and textile importers to avoid paying duties by utilizing Mexican warehouses as fulfillment hubs through the Manufacturing, Maquila, and Export Services Industry (Industria Manufacturera, Maquiladora y de Servicios de Exportación) “IMMEX” program. The Mexican government’s decree, announced [...]
Air cargo volumes from Asia are on the rise, driven by strong demand and shifting trade patterns. However, as the market continues to grow, securing space on major trade routes is becoming increasingly difficult due to ongoing capacity constraints. SHIFT IN AIR CARGO CONTRACTS Over the past year, capacity issues [...]
REVISED PANAMA CANAL TRANSIT RESERVATION SYSTEM AND TARIFFS Starting January 1, 2025, the Panama Canal Authority (ACP) will implement significant changes to its Transit Reservation System. These adjustments, which include revised tariffs, aim to streamline operations and better address the growing demands of global trade. "These changes will provide [...]
As the U.S. freight market enters Week 51 of 2024, new Panama Canal tariffs and the potential International Longshoremen's Association (ILA) strike loom large. These challenges, combined with tightening capacity, are beginning to impact shipping operations, particularly along the U.S. East Coast and West Coast. PANAMA CANAL TRANSIT SURCHARGE [...]
GREEN WORLDWIDE SHIPPING IS THRILLED TO SHARE WE RAISED $25,000 FOR ST. JUDE CHILDREN’S RESEARCH HOSPITAL IN 2024! This year, all 16 of our offices came together to support the cause, with 141 employees—and their families—participating in the Walk/Run events across the country. Employees engaged in various fundraising efforts [...]
CHANGES TO ANTIDUMPING AND COUNTERVAILING DUTY PROCEDURES The U.S. Department of Commerce (DOC) has finalized a rule that revises several aspects of its antidumping (AD) and countervailing duty (CVD) procedures, with a focus on non-market economy (NME) policy. This update primarily impacts AD cases. It allows third-country entities, owned [...]
Container shipping demand stays strong in Week 50 as we head into late December and January, especially on the PSW and PNW routes. There are three main reasons behind this: volumes are shifting away from USEC routes, seasonal surges ahead of Chinese New Year, and front-loading activity due to [...]
China has announced a ban on the export of three critical rare minerals—gallium, germanium, and antimony—to the United States, citing national security concerns. These materials play an essential role in various high-tech industries, including semiconductors, fiber optics, solar energy, and defense technologies. The decision marks the latest development in an [...]
The Week 49 freight market continues to navigate a challenging climate. Equipment shortages continue to pose challenges for U.S. ports, particularly on the West Coast. Canadian ports also remain congested as teams work through backlogs caused by the extended labor strike. Meanwhile, U.S. analysts project that the incoming administration's [...]
