Freight Market Update – May 2025
This month: Transpacific demand surged, overwhelming carrier capacity General Rate Increases (GRIs) take effect June 1st Premium rates now common amid space shortages Early peak season expected — book 4–6 weeks in advance U.S. port congestion intensifying, especially...
China-US Ocean Booking Surge After Trade Deal, Capacity Crunch Expected, US Trucking Rates Not Impacted, Potential Canada Post Strike
This week: Following US-China trade deal, trans-Pacific ocean bookings surge, capacity crunch expected Despite increase in imports, excess capacity expected to keep US trucking, drayage rates down Canada Post pauses contract talks with union, leading to increased...
Supply Chain Weekly Roundup: US Reaches Deal to Lower Tariffs on China, Ocean Carriers Not Returning to Red Sea Despite Ceasefire
This week: US negotiates deal with China to lower tariff rates for 90 days, remove other trade barriers Trump announces US-Houthi ceasefire, but ocean carriers not likely to resume Red Sea transits DOT asks for trucking deregulation ideas, receives nearly 900...
U.S.–China Reach New Trade Agreement: What It Means for Tariffs and Duty Drawback
The United States and China have announced a new bilateral trade agreement following high-level negotiations in Geneva. This marks the first joint trade statement between the two countries in years and introduces major changes to tariffs and trade policy that could...