Understanding the Latest Section 301 Tariff Exclusions Extension The Biden administration has extended hundreds of Section 301 tariff exclusions on numerous goods imported from China until May 31. This move, affecting more than 300 various…
Dear Friends, As we bid farewell to 2023, I think it’s important to pause and reflect on the past year and consider how we might prepare for the future. 2023, with its ups and downs,…
The shipping industry has found itself navigating through significantly rougher waters, particularly in the Red Sea region. The Red Sea, a critical maritime route for global trade, especially between Europe and Asia, has been a…
Freight Rates in the US and EC: The freight rates in the US and EC (European Community) remain low and have not significantly recovered since the general reductions in Q4. Rates vary, with some carriers…
The shipping industry, particularly concerning spot rates and their implications for 2024 contracts, presents a complex and evolving scenario. In the last weeks of 2023, container lines’ financial outcomes for 2024 hinge significantly on their…
The Indo-Pacific Economic Framework for Prosperity (IPEF), a U.S.-led initiative launched in May 2022, has made significant strides in fostering economic collaboration across the Indo-Pacific region. The recent developments in the IPEF, particularly in three…
As the world of freight and logistics continues to evolve, understanding the latest strategies is ever more crucial for businesses to stay ahead. A comprehensive study released by Freight Waves with a focus on North…
Breaking Down the Administration’s New Actions to Strengthen America’s Supply Chains In a significant move to bolster America’s supply chains, President Biden announced over 30 new actions, marking a pivotal moment in the Bidenomics agenda.…
Overall Demand, especially in US container imports has been consistent in line with pre-COVID peak season patterns. The consensus among ocean carriers and ports is that volumes will increase as holiday goods are shipped. This…