Shipping News


FREIGHT MARKET UPDATE | WEEK 49 | 2024

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 [...]

2024-12-03T22:41:18+00:00December 3rd, 2024|Freight Market, Freight Talk, Shipping News|

RISING EU SHIPPING COSTS: 2025 ETS EXPANSION AND FUEL REGULATIONS WILL IMPACT SHIPPERS

The European Union’s (EU) efforts to reduce transport carbon emissions are entering a new phase in 2025. An upcoming expansion of the Emissions Trading System (ETS) launches in 2025, and carriers are reporting that shippers will face hefty increases in their ETS surcharges. These increases come at a time [...]

2024-12-03T22:17:39+00:00December 3rd, 2024|Freight Talk, Green News, Shipping News, Sustainability|

CROSS-BORDER LOGISTICS: NAVIGATING GROWTH IN US-MEXICO TRADE

In 2023, Mexico emerged as the United States’ largest trading partner, surpassing China for the first time. Trade between the two nations surged to nearly $800 billion, signaling a dramatic shift in global supply chain dynamics. This realignment is largely attributed to several recent disruptors, including U.S.-China trade tensions, [...]

2024-11-25T19:57:43+00:00November 25th, 2024|Freight Talk, Green News, Shipping News, Sustainability|

FREIGHT MARKET UPDATE | WEEK 47 | 2024

The Week 47 freight market finds labor challenges and congestion continuing to dominate North American shipping. Following the near two-week shutdown at Canadian ports, operations have resumed, but a significant backlog of containers and vessels remains. Clearing this congestion is expected to take several weeks, with some vessels still [...]

2024-11-21T20:13:22+00:00November 21st, 2024|Freight Market, Freight Talk, Shipping News|

SURGE IN DE MINIMIS SHIPMENTS BRINGS RISK: ILLICIT AND UNSAFE GOODS

De minimis shipments, valued at $800 or less, have surged in recent years, largely due to the rapid expansion of e-commerce. These shipments now account for 92% of U.S. imports, with U.S. Customs and Border Protection (CBP) processing approximately 4 million daily—up from 2.8 million the previous year. While this [...]

THE NEW ADMINISTRATION – FREE TRADE AGREEMENT AND TARIFF OUTLOOK

As the new administration takes office, one of the most closely watched areas of economic policy is the potential shift in trade strategies—particularly when it comes to tariffs and free trade agreements. With the global economy still navigating the after-effects of the pandemic, supply chain challenges, and evolving geopolitical [...]

PORT LABOR CONTRACT NEGOTIATIONS STALEMATE AMID AUTOMATION DISPUTE ON U.S. EAST COAST, LEGAL CHALLENGES IN CANADA

Labor negotiations across North American ports are facing critical challenges, with disputes over automation on the U.S. East Coast and government-mandated arbitration in Canada sparking intense resistance among longshore unions. Both the International Longshoremen’s Association (ILA) in the U.S. and the International Longshore and Warehouse Union (ILWU) Local 514 in [...]

2024-11-14T22:51:53+00:00November 14th, 2024|Freight Talk, Industry Spotlight, Shipping News|

FREIGHT MARKET UPDATE | WEEK 46 | 2024

In Week 46, the Canada labor action continues to disrupt operations at British Columbia’s major ports, halting vessel, rail, and truck activities at Vancouver, Prince Rupert, and Fraser-Surrey. Meanwhile, transpacific trade sees notable market shifts, with the U.S. West Coast saw ample space availability and reductions, while the East [...]

2024-11-12T21:29:36+00:00November 12th, 2024|Freight Market, Freight Talk, Shipping News|

EPA FUNDS ZERO-EMISSION PORT PROJECTS WITH $3 BILLION CLEAN PORTS INITIATIVE

The U.S. Environmental Protection Agency (EPA) has awarded nearly $3 billion in grants through its Clean Ports Program, a major initiative funded by the Inflation Reduction Act, to support zero-emission port equipment, infrastructure, and climate-focused planning at ports across 27 states and territories. The new funding builds on the [...]

2024-11-08T20:27:06+00:00November 8th, 2024|Freight Talk, Green News, Shipping News, Sustainability|
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