Transport and Port Updates – July 2023

Overall Freight demand has remained lower and consistent over the past month. The consensus among ocean carriers and ports is that there will be a moderate increase in peak-season volumes as holiday goods are shipped. This is expected to provide some support to spot rates through summer and early fall. However, hopes of a significant…

U.S. Announces Major Resolution on Key Trade Issues with India

In June, the United States Trade Representative (USTR) made an important announcement regarding the resolution of ongoing disputes between the United States and India at the World Trade Organization (WTO). The agreement signifies a positive step forward in the bilateral trade relationship between the two nations. However, while the disputes have been terminated, India’s hopes…

Increasing Mexico Exports Spark Surge in U.S. Nearshoring Trend

The global supply chain landscape has been undergoing a significant transformation, with companies seeking ways to bring their operations closer to the U.S. economy. This shift, known as nearshoring, has proven to be highly beneficial for Mexico, positioning the country as a key beneficiary of this strategic realignment. Let’s delve into Mexico’s growing prominence as…