No halt to rate declines on India-US trade amid tariff headwinds
Average spot rates from West India to the US East Coast have dropped by $400 to $500 per container over the last three weeks, according to new data from freight forwarders.
Average spot rates from West India to the US East Coast have dropped by $400 to $500 per container over the last three weeks, according to new data from freight forwarders.
The two countries agreed to the multibillion-dollar initiative as China tightens export controls for essential minerals.
As costs rise, companies have explored their options to shrink dimensions or change materials altogether.
The jeans maker will cease simultaneously operating owned distribution centers by early next year as it continues a strategic shift to leasing more facilities.
The Trump administration’s two nominees to fill open positions on the Federal Maritime Commission say ongoing enforcement of existing law can help bring more efficiency to commercial shipping.
Some of the largest less-than-truckload carriers are announcing non-contract GRIs, but the state of the freight market argues against substantial rate increases.
The financial risks to shippers are rising as the increasing costs of EU carbon tax and fuel intensity regulations are passed on by Mediterranean carriers, a report from maritime technology company OceanScore has found.
One possible explanation for the gain is the softer volumes that were artificially suppressed and shifted in August and September of 2024 due to separate labor-related events, but clarity should come over the next week when market players report third-quarter earnings.
As parcel carriers try to help shippers navigate U.S. regulatory changes, experts say there are ways to limit negative customs outcomes, such as package disposals.
Amid tariffs of up 130%, US laden imports from China for the six months between April and September fell to levels not seen since 2013.