Big changes are on the horizon for global trade. Starting August 29, the de minimis exemption—which currently lets goods under $800 enter the US tax-free—will come to an end.
Shipping During the Peak Season
As August kicks off, shippers everywhere are gearing up for the busiest time of the year. But with high demand comes real challenges: tight capacity, rising rates, and delays.
Saving Costs On Airfreight
Rising fuel prices and other escalating expenses are driving up air freight costs. In response, shippers are getting creative and discovering innovative strategies to boost their savings like optimizing routes, leveraging technology, and embracing sustainable practices. ✈️💡
Reducing Ocean Freight Costs
Ocean carriers that move freight internationally have different ways of calculating costs. It is crucial to note that cargo has base rates that depend on the shipment type.
Container Rates Still Rising
Different global factors have contributed to the rise in container rates, including the scarcity of available space. Along with the Panama Canal drought and the US-China trade war, the Red Sea crisis significantly adds to the surge.