US slaps 50% tariffs on many Canada imports
The Section 338 duties apply to a wide variety of products — even if they qualify for duty-free treatment under the United States-Mexico-Canada Agreement.
The Section 338 duties apply to a wide variety of products — even if they qualify for duty-free treatment under the United States-Mexico-Canada Agreement.
Companies that agree to begin work on expanded aluminum production facilities by Jan. 20, 2029, will receive relief for the 50% levy under a to-be-established federal program.
A prime indicator of higher truckload contract pricing from DAT shows contract rates are still catching up with market conditions and may not peak until next year.
Terminal cuts in smaller markets will affect about 1% of the LTL doors in the ABF Freight network, which has more than 220 facilities.
Strength in project cargo demand is expected to outweigh dip in breakbulk volumes in July, leading to reduced available ship capacity.
With customers facing elevated fees and seeking discounts, Amazon’s delivery services could impact market pricing in the long term, per the TD Cowen/AFS Freight Index.
Strength in project cargo demand is expected to outweigh dip in breakbulk volumes in July, leading to reduced available ship capacity.
The eight-week long service offers roughly two-week faster transit than traditional east-west routes that now generally sail around the Cape of Good Hope due to Red Sea diversions.
“It is increasingly difficult to really predict where that next disruption is going to come from,” Ranole Beng, Maersk’s head of Transpacific market for ocean, said in a virtual panel.
While the extreme volatility and withdrawal spikes of the pandemic era have concluded, the pre-2020 expectation of single-digit capacity withdrawal is structurally obsolete, the analyst says.