Transpacific Market U.S. Imports from Asia in April increased by 29.3% on a year over year basis to 1.55 million TEU, according to IHS Market. While this does represent a 6.6% month over month decrease in volume, the decline should not
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Imports at retail container ports hit a new record this spring and volume during the first half of 2021 is expected to be a third higher than last year as the economy continues to recover from the pandemic, according to
There will be a substantial shortage of capacity from Asia to the U.S. in the months of May and June, which will further impact the already very difficult market. Mediterranean Shipping Company (MSC) intends to withdraw several voyages covering all their
During the past year, there have been numerous disruptions to the flow of commerce in and out of the United States, due to the coronavirus pandemic. The latest is the impact on truck availability at our nation’s ports.
The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker
On April 5, 2021, the U.S. Court of International Trade issued an opinion against the Section 232 derivative product tariffs implemented on Proclamation 9980 which applied a 25% tariff on steel derivative products and a 10% tariff on
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