Gene Seroka, Executive Director of the Port of Los Angeles, confirmed during his recent monthly briefing that while vessel bookings from China are increasing due to the 90-day pause in U.S.-China tariffs, a major surge in container traffic is unlikely. “We’re seeing an uptick in bookings
In a significant move aimed at easing trade tensions, officials from the United States and China have agreed to a 90-day truce and the rollback of recent tariffs. The agreement, announced in Geneva, marks a major de-escalation in the ongoing trade war that has disrupted global
Spot rates for ocean containers from Asia to the U.S. have remained steady since mid-April, according to data from Xeneta released on May 2. The average spot rate sits at $2,790 per forty-foot equivalent unit (FEU) to the West Coast and $3,830 to the East Coast.
The volume of Chinese goods shipped to the U.S. in containers is declining rapidly, driven by the latest round of U.S. tariff hikes that have significantly dampened demand. In response, the world’s largest ocean carriers are scaling back operations—opting for smaller vessels and in some cases
WASHINGTON, D.C. — In a move aimed at improving roadway safety, President Trump signed an executive order on Monday requiring all commercial truck drivers in the United States to be proficient in English. Drivers who fail to meet this requirement will be placed out of service.
The Trump administration is taking aim at Chinese-manufactured ship-to-shore cranes in its latest push to revitalize U.S. manufacturing. A new proposal from the U.S. Trade Representative (USTR) suggests tariffs of up to 100% on cranes, shipping containers, and related components imported from China—despite the absence of
Local Freight Demand Remains Strong Amid Shifting Logistics Trends Short-haul truckload freight — especially shipments traveling less than 100 miles — is gaining importance as a reliable indicator of economic activity in the U.S. Over the past year, demand for these short-distance hauls has increased steadily,
Rising Tariffs on Imports and Counter-Tariffs on Exports Impact Future Outlook The Port of Los Angeles, the busiest port in the United States, is preparing for a decline in import volumes, which is expected to begin as early as May. As the effects of punitive tariffs
IMO Pushes for Zero Emission Vessels by 2050 Government officials and international regulators are meeting this week to finalize a landmark global carbon tax targeting emissions from ocean shipping. While the initiative aims to achieve net-zero emissions by 2050, critics caution that the proposed fees could
New Sanctions on Russia and Disappointing U.S. Crude Production Impact Market After fluctuating over the past few weeks, which resulted in lower diesel prices, recent increases suggest that retail diesel prices may have reached a temporary bottom. Additionally, developments in crude oil futures markets are indicating