Launch of new tariffs ‘a speeding train’, be ready, US importers warned
US importers and their suppliers and logistics providers may face a scramble to react to the incoming US administration’s introduction of more tariffs, customs brokers warn.
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US importers and their suppliers and logistics providers may face a scramble to react to the incoming US administration’s introduction of more tariffs, customs brokers warn.
After nearly a decade in office, Justin Trudeau today announced his resignation as Canada’s prime minister, citing the paralysis the country’s parliament has experienced in recent months, but the decision also follows the fallout from US president-elect Trump’s impeding tariff policy.
According to industry data, the demand for Ultra Large Container Vessels (ULCVs) has decreased as shipping companies shift to smaller, more versatile vessels to accommodate changing trade patterns.
UK warehousing, distribution and logistics giant Culina Group has reported operating profit down by an estimated 22.0% y-o-y to £111.569 in 2023, the latest available data. Revenues were up 3.5% to £2,218m in the same period.
Two major carriers have announced new Panama Canal surcharges on Asia-US east coast transits in response to the canal authority implementing a new booking system to “optimise transit operations”.
NTG (Nordic Transport Group) has made substantial progress in the logistics sector, especially in road freight, through a series of targeted acquisitions.
Indian exporters and importers are breathing a sigh of relief as fears of a nationwide strike by unionised dockworkers across major government ports fade, according to industry sources.
China’s civil aviation authority may be talking-up its “historic highs” in airfreight volumes over the first nine months of 2024, but the looming inauguration of Donald Trump as US president has left some suggesting the boom is reaching its apex.
The European Commission has approved the German state pumping some €1.9bn ($2bn) into supporting a major restructure of rail freight operator DB Cargo.
The formation of new alliances and dissolution of old ones is set to reshape the shipping industry in 2025 as major players jostle for market share in an increasingly dynamic trade environment.
According to Esendex, Black Friday online shopping deliveries in England are going to be hampered by a shortage of 11,000 delivery drivers and 10,000 HGV drivers.
International Distribution Services’ (IDS) leadership is working hard to drive profitability into both reporting segments (Royal Mail and GLS) ahead of the Board’s recommended sale to Daniel Křetínský owned EP UK.