Freight Shipping & Logistics News

The global ocean freight market is moving fast, but not in the direction most shippers expected. After months of rate hikes and tight space, spot rates are now crashing, and ocean carriers are scrambling to restore balance. Here’s what’s happening and how it may impact your bookings in the weeks ahead.

With Donald Trump winning the 2024 United States election, global trade is once again under close examination, as the soon-to-be president has recently announced that he will sign an executive order placing a 25% tariff on all imports from Canada and Mexico, along with an additional 10% tariff on imports from China.

As we step into the fourth quarter, retailers worldwide are gearing up for their busiest period. The holiday season brings a flurry of activity including Black Friday, Cyber Monday, and all the Holiday shopping.