The Rhode Island Airport Corporation (RIAC) has secured a significant boost in federal funding, with a $9.2 million grant allocated for the continued development of a new cargo facility and aircraft parking apron at TF Green International Airport. This project marks a major step forward in the airport’s evolution, reinforcing its role as a key […]
As e-commerce continues to expand, US Customs and Border Protection (CBP) is increasingly turning its attention to customs brokers, who now find themselves at the forefront of ensuring compliance amid a surge of smaller, less-documented shipments. This growing focus on brokers marks a significant shift in the regulatory landscape, as CBP seeks to address the […]
The Canadian rail industry faces ongoing uncertainty as the threat of a strike by Teamsters Canada Rail Conference (TCRC) members looms until new labor contracts are finalized. The National Customs Brokers & Forwarders Association of America (NCBFAA) Transportation Committee is urging its members to remain vigilant as negotiations continue between Canada’s two Class 1 railroads—Canadian […]
The recent surge in India-Europe trade rates has come to an end, with the market stabilizing into a more balanced supply-demand environment. Local freight forwarders report a significant drop in spot rates from major carriers for late August sailings. Booking prices from Nhava Sheva/Mundra to Felixstowe/London Gateway/Southampton have decreased by up to $1,000 per standard […]
The heavy transportation and engineering sector is experiencing a shift towards realism as scattered project delays and cancellations arise due to regulatory hurdles and a more challenging global financing environment. Despite strong demand, industry executives report that this new environment is fostering a more measured outlook. Key offshore wind projects, which are significant contributors to […]
Compliance experts are warning that U.S. Customs and Border Protection (CBP) is intensifying its scrutiny of customs brokers as the agency grapples with a growing influx of e-commerce shipments. These shipments typically require less comprehensive data compared to larger freight, adding complexity to the brokers’ responsibilities. The CBP is also increasing pressure on brokers to […]
Global trade is facing a new challenge as a sudden shortage of shipping containers has caused ocean freight rates to spike, disrupting supply chains just as the peak shipping season begins. Several factors, including longer transit times to avoid the Red Sea and severe weather in Asia, have contributed to this container crunch. Ocean carriers […]
Canada’s labor minister has decided not to step in to resolve ongoing contract negotiations between the nation’s major railroads and their unions, heightening the risk of an imminent work stoppage. In response, both Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) have halted acceptance of containerized freight. Labor Minister Steve MacKinnon rejected a […]
The upcoming week will be pivotal in determining the stability of the trans-Pacific market for the peak shipping season this fall, as container lines attempt to raise spot rates from Asia to the US. This year’s peak season began earlier than usual, starting in May instead of August, driven by the frontloading of import cargo. […]
DHL Express Implements Surcharge: DHL Express announced plans to introduce a peak season surcharge starting September 15, as discussed during an August 1 earnings call. This surcharge will vary depending on the shipment’s trade lane, with the highest volumes expected from Asia, though with variations across different lanes, according to DHL Group CFO Melanie Kreis. […]
