The US presidential election will have a substantial impact on global trade policies, particularly tariffs, which have been a focal point for recent administrations. Both US-based companies and international trade partners are closely monitoring potential shifts in policy that may affect everything from supply chains to pricing strategies. Given the current climate, this article explores…
Canada’s logistics and trade sectors are facing unprecedented strain as labor disputes escalate at two of the country’s largest ports. The Port of Montreal, Canada’s second-largest container port, is now largely paralyzed, with two major terminals shut down due to an ongoing strike by dockworkers. This development comes amid a similar labor conflict involving British…
Overall This week, the Drewry composite index increased by 4%. Freight rates between various ports have shown diversity; rates from Rotterdam to New York remained stable. Rates from Shanghai to Los Angeles increased by 1% and Shanghai to New York remained stable. The ILA port strike, which began on October 1, 2024, ended after three…