Archive for Press - page 3

In March, Mexico maintained its position as the United States’ leading trading partner, marking the third consecutive month and the 13th time in the past 14 months. According to the latest data from the Census Bureau, two-way trade between the […]

The recent decline in diesel prices reflects a broader downturn in the market, highlighted by a significant drop in the benchmark retail price used for most fuel surcharges. This Monday, the average weekly retail price, as reported by the Department […]

The Panama Canal, a vital artery in global maritime trade, is facing a confluence of challenges that threaten its operational capacity and long-term viability. Recent data and developments shed light on the complex interplay between climate variability, infrastructure constraints, and […]

The US freight market, a critical component of the country’s economy, is facing a myriad of challenges and fluctuations as it progresses through the year 2024. Data from the Cass Freight Index provides valuable insights into the current state of […]

Portland’s Port Authority has announced the cessation of container services at Terminal 6 (T6) starting October 1st, 2024. The decision, outlined in a letter to Oregon’s importers and exporters by Keith Leavitt, the port’s Chief Trade and Economic Development Officer, […]

Whether you’re a frequent online shopper eagerly awaiting a delivery or a logistics coordinator orchestrating the movement of goods, you’ve likely encountered the humble ZIP code. But beyond its appearance on packages and shipping labels, ZIP codes wield significant influence […]

The ongoing disruptions in the Red Sea shipping lanes are prompting a significant shift in global logistics strategies, leading to a marked increase in airfreight volumes and rates. As geopolitical tensions and attacks on maritime vessels exacerbate the challenges of […]

The closure of the Port of Baltimore following a major bridge collapse has prompted a significant reshuffling of container ship traffic to other East Coast ports, with New Jersey and Virginia ports stepping up to accommodate the diverted traffic. This […]

The Canada Border Services Agency (CBSA) is moving forward with its digital transformation initiative, known as CARM (CBSA Assessment and Revenue Management), which will significantly change how duties and taxes on commercial goods imported into Canada are assessed and collected. […]

The incident involving a large containership crashing into the Francis Scott Key Bridge in Baltimore has caused significant disruptions and initiated a large-scale search-and-rescue operation. This event has severe implications for one of America’s busiest ports, leading to the suspension […]