Transpacific ocean freight rates are moving quickly again, and importers that are still planning against Q1 assumptions may need to revisit their Q3 strategy now. The issue is not only the base ocean rate. The current market is being shaped by early peak-season demand, carrier capacity management, blank sailings, fuel-related pressure, and new peak season surcharges. For importers moving goods from Asia into the United … Read More
May 2024: Navigating International Trade Challenges
May 2024 is shaping up to be a pivotal month for businesses engaged in international trade, particularly those with operations linked to Asia. The convergence of the General Rate Increase (GRI) and the recent Labour Day holidays in China presents a unique set of challenges for the global logistics sector. This period could impact everything from shipment schedules to freight costs, making advanced preparation crucial … Read More