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
Flatbed trucking rates have been on the rise, driven by increased demand from steel and lumber shippers who are rushing to stock up ahead of potential tariff changes. Experts say this surge in demand has led to the highest flatbed pricing at the start of a
The average retail diesel price has continued its downward trend for the third straight week, falling by a total of 14.8 cents per gallon during this period. According to the latest data from the Department of Energy (DOE) and the Energy Information Administration (EIA), the current
The ongoing global trade tensions have reached a new level as Canada and the European Union impose countermeasures in response to fresh U.S. tariffs on steel and aluminum imports. U.S. Implements 25% Tariffs on Steel and Aluminum Imports Effective immediately, the U.S. government has enforced a
Mexico Wants to Grow Trade, But Security is a Big Concern Mexico has launched an ambitious plan to boost its economy and increase trade with the U.S. and Canada. However, experts warn that organized crime could slow progress. On January 13, Mexican President Claudia Sheinbaum introduced
The U.S. government is considering imposing substantial fees on Chinese-built or Chinese-flagged ships that call at American ports, a move that could significantly impact global shipping costs and supply chains. If implemented, these proposed levies—reaching up to $1.5 million per port visit—could raise freight rates and
Six-Year Contract Proposes 62% Pay Hike and Automation Safeguards for East and Gulf Coast Ports The U.S. dockworkers’ union is poised to vote on a pivotal six-year labor agreement this week, a move that could solidify stability at East Coast and Gulf Coast ports until 2030.
New charges could add millions to shipping costs, impacting global trade In a significant move against China, the United States is proposing substantial new port charges that could drive up costs for ocean carriers operating at U.S. ports. According to a proposal published by the United