The U.S. trucking industry continues to grapple with one of its most challenging freight markets in recent years. According to a July 1 report from the American Transportation Research Institute (ATRI), the average cost of operating a truck declined slightly by 0.4% in 2023 to $2.260
Shippers continued to frontload cargo in May ahead of tariffs, giving a boost to dry van volumes, but analysts note carriers still lack pricing power. Spot rates and volumes for reefer and dry van rose modestly in May as shippers frontloaded cargo ahead of summer and
American importers are seeing a welcome shift in ocean shipping costs amid concerns over tariffs and fluctuating consumer demand. The average spot rate to ship a 40-foot container from Asia to the U.S. West Coast dropped to $5,840 at the beginning of this week—down from about
Customs Duties Surge 270% Year Over Year, Helping Reduce Monthly Budget Deficit U.S. customs duty collections surged to a record high in May, providing some relief to the monthly budget deficit. However, questions remain about the sustainability of this revenue as the Trump administration continues trade
Amid growing global trade uncertainties and the impact of U.S. tariffs, third-party logistics (3PL) providers are emerging as vital players in modern supply chains, according to the latest CSCMP State of Logistics Report for 2025. While challenges persist, especially in the wake of geopolitical tensions and
President Donald Trump declared on Friday that the U.S. will double tariffs on imported steel, raising the current duty from 25% to 50%. The move, he stated, is intended to strengthen the American steel industry and protect domestic jobs. Speaking at the U.S. Steel facility near
U.S. container ports posted notable year-over-year gains in April 2025, signaling strong economic activity and a rush by importers to beat upcoming tariff deadlines. While this surge showcases resilience across the supply chain, port authorities are forecasting potential slowdowns in the months ahead as global trade
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.