Container volume at the Port of Oakland was up 6.3% year over year by the end of the first quarter of 2025, however the second quarter has seen a change that may be indicative of a new trend moving forward this year. Imports from China, traditionally...
US importers have had to significantly increase the level of bond protection required to cover anticipated tariffs. The rapid increase and ongoing volatility around tariff rates has resulted in a substantial financial impact on importers as they are required to predict the amount of tariffs they...
Whilst the EU was hopeful that wine and spirits would be excluded from the 15% tariff outlined by Trump, it has now been confirmed that these products will also be subject to the same rate. With the US the largest market for many European wine and...
A bill reauthorising the US Federal Maritime Commission (FMC) for another three years has been introduced in the House of Representatives. This legislation proposes adding more outside expertise to the agency for help on ocean carriers and ports and allows for a complaint process covering freight...
The International Transportation Service (ITS) terminal in Long Beach has commenced a $365 million upgrade which will increase its container capacity by about 50% to 2.6million TEUs and enable it to work two 18,000-TEU ships simultaneously. Due for completion in 3.5 years, this project will also...
The Port of New York and New Jersey has outperformed other US ports, handling 774,698 twenty-foot equivalent units in May, 2% less the same month a year ago, but 20% more than pre-pandemic May 2019. In addition, the port handled 3,729,611 TEUs, up 6.5% year...
Spot rates in the eastbound trans-Pacific have fallen, potentially signifying that the temporary tariff pause won't deliver the consistent demand initially envisaged. West Coast rates fell 32% in the week ending 17th of June whilst East Coast rates were down 11% over the same period. This...
The Port of Long Beach, California, had its busiest April on record, handling 867,493 twenty-foot equivalent units, a 15.6% increase compared to the same month last year. This April performance marks the 11th consecutive month of cargo increases at the port, which with Los Angeles, constitutes...
Louisiana's Plaquemines Port has a new name: the Louisiana Gateway Port. This new name reflects the Port's growing role in global trade as well as its goal of becoming one of the top five U.S. ports by tonnage within five years. With no height limits for...
As part of ongoing tariff discussions, the EU has confirmed that American whiskey will not be subject to the 50% tariff initially proposed as a response to the US tariff on European steel and aluminium. The decision to omit whiskey was in response to Trump's threat...