Giving Back in 2025: A Year Rooted in Care, Health, and Community
As we look back on 2025, we are proud of how our philanthropic efforts continued to evolve with purpose and care.
Ocean Freight Market Update – October 2025
The Trans-Pacific freight market faces mounting volatility as new GRIs take effect and a proposed 100% U.S. import tariff on Chinese goods looms. Carriers are blanking 14% of capacity while pre-tariff bookings surge, creating port congestion and schedule disruptions. New U.S. port fees on Chinese vessels and China’s retaliatory measures add further complexity heading into Q4.
White House Issues New Section 232 Tariffs on Wood Products – But Drawback Remains Eligible
The White House has announced new Section 232 tariffs on timber, lumber, and wood products, citing risks to U.S. mills, supply chains, and infrastructure needs. Tariffs range from 10% on softwood lumber to as high as 50% on cabinetry by 2026. Importantly, the proclamation confirms that duty drawback remains eligible, allowing importers who re-export qualifying products to recover up to 99% of duties paid.
