After a strong rebound in 2024 fueled by recovering demand and restructured supply chains, the global freight forwarding market is now facing a slowdown, according to new research from Ti Insight. The sector is projected to shrink by 1.1% in 2025, encompassing both air and sea freight operations. Rising tariffs are cited as a major […]
The global generative AI in logistics market, valued at approximately $816 million in 2023, is projected to soar to $13.62 billion by 2032, reflecting a robust CAGR of 36.93% from 2024 to 2032, according to recent market analysis. Growth is being fueled by rapid adoption of AI-powered automation, the expansion of e-commerce, and the integration […]
Tariffs on Chinese goods bound for the United States, originally scheduled to take effect at 12:01 a.m. ET on August 12, have been postponed for 90 days under a new Executive Order. The move is intended to provide additional time for trade negotiations aimed at addressing long-standing concerns over market access, reciprocity, and economic security. […]
Global freight markets have remained largely steady in the wake of recent tariff announcements, signaling a stark contrast to the rush-to-ship patterns seen earlier this year. Unlike previous cycles, when shippers accelerated cargo movement to beat tariff deadlines, the lead-up to the August 7 implementation date has shown little urgency. Trans-Pacific rates to the U.S. […]
The United States has announced steep new tariffs on exports from dozens of trade partners that have not secured trade agreements ahead of an early August deadline, adding fresh pressure to global markets and supply chains. Roughly 40 countries with which the U.S. runs a trade deficit will face a minimum import duty of 15%, […]
Latin America is increasingly being recognized as a region with strong potential for global trade expansion in the second half of 2025 and beyond, driven by economic resilience, surging foreign investment, and a growing role in the global shift toward sustainable energy. Despite ongoing global uncertainty, key Latin American economies continue to outperform forecasts. Recent […]
The United States will impose a new 25% tariff on imports from India beginning at 12:01 a.m. ET on August 27, under an Executive Order issued this morning. The move comes in response to India’s continued purchase of Russian oil, which U.S. trade officials say undermines current international efforts to isolate Russia economically. This new […]
In a move that reshapes global coffee trade dynamics, China has officially approved 183 Brazilian coffee companies to export directly into its market, with permits valid for five years. The announcement, made by the Chinese customs authority, comes just days after new U.S. tariffs on Brazilian coffee and other key commodities were set to take […]
The trucking and logistics sectors are responding swiftly to a sweeping set of tariff increases announced just days before a major trade deadline. While many of the newly imposed rates won’t take effect until August 7, the announcement triggered immediate reaction across the supply chain as importers, shippers, and carriers work to assess risk and […]
Recognizing the rapid and unexpected increase in duties, customs brokers and warehouse proprietors increasingly are encountering situations of unclaimed, rejected, and abandoned cargo. In response, the NCBFAA Customs Committee, Transportation Committee, Committee Counsel, and Leadership have collaboratively developed a guidance document to assist NCBFAA Regular Members to address the recurring questions regarding this cargo and […]
