Updated May import volume figures show growth across all regions
Import volumes and growth rates were robust in May nationwide. Here is an updated view on TEU data and local…
Asia to US ocean spot rates show signs of softening
Trans-Pacific ocean freight spot rates have pulled back in absolute terms and relative to long-term contract rates as bottom-line pressure…
Inventory overhangs, depressed demand, and declining freight rates – a panoramic view
The build up of inventories due to the bullwhip effect in retail order patterns coupled with declining consumer demand are…
CBP issues UFLPA guidance ahead of June 21st enforcement
CBP issued its operational guidance for the Uyghur Forced Labor Prevention Act (“UFLPA”) as enforcement commences on June 21st. Indications…
German labor dispute further-stress N. Europe ports
The German United Service Union (ver.di) called on employees to go on a warning strike as the negotiations with the…
Import volumes remained strong in May
Import volumes remained strong in May. The forward-looking outlook is mixed with Shanghai reopening, approaching peak season, existing inventories, and…
West Coast labor negotiations continue
The ILWU and PMA met with President Biden and provided a public update on contract negotiations reinforcing their commitment to…
OSRA signed into law
President Biden signed into law the Ocean Shipping Reform Act of 2022, expanding the FMC’s authority to regulate the ocean…
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CBP hosting webinars on UFLPA
CBP issued letters to importers that were identified as previously importing goods from the Xianjing region to compel compliance with…
US import volumes slow considerably
Recent data shows a significant downturn in US import volumes in aggregate and ex China. Rising inventories and inflation point…
Shanghai logistics activity increases after reopening
Trucking and cargo activities in Shanghai have increased substantially in the wake of the June 1 reopening from Covid lockdowns.…