ABOARD AIR FORCE ONE, Feb 19 (Reuters) – The U.S. government announced plans to introduce new tariffs within the next month, adding lumber and forest products to a growing list of goods facing import duties. These additions follow previously announced measures targeting the automotive, semiconductor, and pharmaceutical industries. “We are preparing to implement tariffs on […]
Officials from a major trade agency have introduced a proposal that could dramatically increase operating costs for shipping companies using the nation’s ports. The new measures, detailed in an official government register, outline fees as high as $1.5 million per port call for vessels constructed overseas and $500,000 for any operator with even one foreign-built […]
In an industry marked by fluctuating demand and economic uncertainty, PS Logistics has demonstrated remarkable resilience. Operating under its parent company, Carriage Logistics, the transportation firm has maintained stable debt ratings from Moody’s, a significant indicator of its financial strength and strategic positioning. Consistent Ratings Amid Market Volatility Despite ongoing challenges in the freight industry, […]
Market Overview and Growth Projections The North American freight and logistics market is experiencing steady expansion, driven by increasing trade activities, advancements in digital technology, and growing demand for efficient supply chain solutions. By 2031, the market is projected to reach $2.0 trillion, growing at a compound annual growth rate (CAGR) of 4.0%. Factors such […]
A newly released market study highlights the expansion of the cash logistics sector, reporting an industry revenue of $16.83 billion in 2020. Projections estimate growth to $33.28 billion by 2030, reflecting a CAGR of 6.9% from 2021 to 2030. The analysis explores competitive dynamics, enabling businesses to adapt to industry trends and optimize their market […]
There are emerging signs that e-commerce shipments to the U.S. are gradually shifting from air cargo to ocean freight, and potential regulatory changes could accelerate this trend. A recent industry webinar analyzing global freight trends highlighted how potential policy adjustments may impact e-commerce airfreight, particularly regarding de minimis exemptions. Currently, shipments valued below $800 are […]
The logistics industry has undergone significant transformation in recent years, with Fourth-Party Logistics (4PL) emerging as a strategic solution for businesses seeking to optimize supply chain management. Unlike Third-Party Logistics (3PL), which handles specific logistics functions, 4PL providers take a comprehensive approach, managing end-to-end supply chain operations and coordinating multiple service providers to ensure seamless […]
Seasoned Professional with 11 Years of International Experience Joins Sobel’s Miami Branch to Drive Nationwide Sales and Client Growth “Sobel is excited to bring my global logistics expertise, strengthening client relationships, optimizing shipping solutions, and driving growth with seamless, efficient strategies.”— Sobel Net ROCKVILLE CENTRE, NY, UNITED STATES, February 11, 2025 / EINPresswire.com / — […]
A recent executive order has temporarily restored a trade provision that allows low-value shipments to enter the country without facing import taxes and customs inspections. The decision delays an earlier order that sought to suspend the de minimis provision, which exempts international shipments valued under $800 from duties and inspections. The amendment ensures the provision […]
The landscape of steel and aluminum tariffs is undergoing significant changes, with new regulations set to take effect on March 12, 2025. These updates will impact imports of steel and aluminum products, along with specified derivative products, imposing a 25% tariff across all countries. Expanded Tariff Scope for Derivative Products An expanded list of derivative […]
