Proposed tariffs on imports are unlikely to deter ongoing investments and trade growth in nearshoring efforts, according to industry experts. “Even with the potential impact of tariffs, the region remains an attractive option for manufacturing and trade,” noted a senior director at a cross-border logistics company. Competitive wages in the region, coupled with existing trade […]
The past year brought immense challenges to global supply chains, underscoring the increasing complexity of the industry. Extreme weather events, labor strikes, geopolitical uncertainties, and labor shortages shaped a tumultuous landscape. As 2025 begins, supply chain professionals are navigating heightened risks while seeking ways to turn challenges into competitive advantages. The key lies in evolving […]
The global shipping industry continues to evolve with significant changes in shipping alliances and networks aimed at enhancing trade routes across the Asia-Europe and trans-Pacific regions. The latest developments point to an expansion of direct services, increased capacity, and strategic adaptations to geopolitical challenges. Expansion in Trade Coverage A leading global shipping alliance recently unveiled […]
Introduction: A Booming Market Poised for Expansion The global cold chain logistics market is on an accelerated growth trajectory, driven by rising demand for temperature-sensitive goods and rapid advancements in logistics technology. With a compound annual growth rate (CAGR) of 7.9%, the market is projected to reach $500.28 billion by 2030, up from $293.81 billion […]
The logistics industry is gearing up for significant updates in less-than-truckload (LTL) freight classification, set to take effect this March. These changes, centered on the principle of “Know Your Classification” (KYC), are expected to revolutionize pricing and operational practices in the sector. The Push for Modernization The primary goal behind these updates is to modernize […]
Import cargo volumes at U.S. ports are projected to remain elevated in January, reflecting a continuation of the surge seen at the end of last year. This trend has been influenced by several factors, including the averting of potential strikes at East and Gulf Coast ports through a tentative labor agreement, as well as importers […]
East Coast ports have narrowly averted a potential shutdown as dockworkers and port companies reached a tentative agreement on a new six-year master contract. The deal ensures uninterrupted operations at critical shipping hubs, safeguarding supply chains and averting economic disruption. The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) announced the tentative […]
The International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) are set to restart formal bargaining negotiations on January 7, according to recent press reports. The talks come after a two-month pause, following a breakdown on November 12, when the ILA walked out after a day and a half of negotiations over disagreements on […]
The freight and logistics industry received welcome news this week as the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) reached a tentative six-year agreement, avoiding a port strike that was set to disrupt operations nationwide. Negotiations resumed on Sunday, with both parties working diligently to find common ground. The agreement addresses […]
This week’s Pricing Power Index is informed by the following trends: Volumes Rebound After Holiday Disruption The holiday season significantly impacted freight volumes, as seen during major national holidays like New Year’s, Christmas, and others. This year’s dual midweek holidays contributed to the typical seasonal drop in freight activity. SONAR Insights: The Outbound Tender Volume […]
