📦📈 Container imports are on the rise, and it’s shaping up to be a big year for global trade! 🌍 According to the National Retail Federation (NRF), January 2025 is forecasted to bring in 2.2 million more TEUs compared to January 2024. 🚢
Trump Is Imposing Tariff Hikes
The Trump administration is shaking up global trade. Starting January 20th, President-elect Trump plans to impose a 25% tariff hike on imports from Canada, and Mexico. This move can have major implications for global trade.
ILA Port Strike Ends
The ILA port strike has ended after days of protests by 45,000 dockworkers from key East and Gulf Coast ports. With their contract expired and months of stalled negotiations on wages and automation, the walkouts severely impacted international shipping.
New Surcharges As Strike Nears
As the ILA strike nears on October 1st, top shipping lines Hapag-Lloyd and CMA CGM are imposing new surcharges for East and Gulf Coast ports, starting mid-October. The ILA is pushing back on automation, and fighting for wage increases, and pension demands.
Tariff Increase On Imports
Starting September 27th, the Biden Administration will raise tariffs on Chinese imports like electric vehicles, batteries, solar panels, and semiconductors. This comes after a USTR review of Section 301 tariffs aimed at promoting fair trade. While some increases hit in 2024, others will phase in over three years.
Explosion At Ningbo Port
On August 9th, a vessel carrying hazardous materials exploded at the Beilun Phase III Terminal in Ningbo port, halting traffic at one of China’s busiest shipping hubs. As the world’s second-largest container port, Ningbo handles over 100,000 TEUs annually, making this incident potentially disruptive to global shipping.
What Are Reverse Logistics?
🌍📦 When shipping cargo internationally, understanding reverse logistics is essential! Reverse logistics involves the process of returning products from end customers back to the manufacturer or seller. It’s a crucial aspect of the supply chain, especially in today’s world of e-commerce and omnichannel retailing. Want to dive deeper into how reverse logistics can benefit your business? Click the link in our bio to read the full article!
Cold Chain Shipping Logistics
There can be various challenges and things that shippers should be aware of when starting a cold chain. This is due to the numerous components involved in the process.
Port Of Baltimore Reopened
The closure of the port led to logistics disruptions for many supply chains. Eleven weeks after the accident, the Fort McHenry channel is now back in regular operations.
Growing Singapore Port Congestion
Various international shipping circumstances have recently caused global backlogs across ports, with the Singapore port being an epicenter.