The United States and China reached a new trade agreement during a meeting in South Korea, easing some tariff tensions. Under the deal, the U.S. will cut tariffs on certain Chinese imports linked to fentanyl trafficking from 20% to 10%, starting November 10. Washington will also extend its pause on higher reciprocal tariffs and maintain […]
RXO Inc., a major U.S.-based freight brokerage and 3PL provider, is feeling the pressure as previously locked-in contract rates have become misaligned with today’s higher freight costs. During its latest earnings call, RXO’s management repeatedly referred to a “rate squeeze,” describing how the company’s contracted commitments to shippers are now out of sync with what […]
China-US trade tariffs are entering a new phase as Beijing officially announces the suspension of its 24% retaliatory tariff on U.S. goods starting November 10, 2025. The decision highlights a cautious shift toward easing trade tensions between the two largest economies, signaling potential changes for global logistics and freight flows. How the China-US Trade Tariffs […]
UPS Announces 5.9% Rate Increase and Higher Surcharges Starting December 22 UPS will raise its shipping rates by an average of 5.9% across ground, air, and international services beginning December 22, 2025. Alongside the general rate hike, the carrier is also increasing key surcharges, including additional handling and residential delivery fees, and updating delivery-area ZIP […]
The White House on Saturday released details about the agreement that U.S. President Donald Trump reached this week with Chinese President Xi Jinping to de-escalate their countries’ trade war, including U.S. tariff reductions and a pause in Beijing’s new restrictions on rare earth minerals and magnets. The deal, which also includes resumption of Chinese purchases […]
President Donald Trump announced plans to raise tariffs on imports from Canada by another 10%, according to a TruthSocial post on Saturday. The move follows escalating tensions sparked by an anti-tariff ad campaign from Ontario’s government that used a 1987 Ronald Reagan speech criticizing trade duties. The Ronald Reagan Presidential Foundation later condemned the ad’s […]
U.S. Offers Tariff Relief for Trucks Imported from Mexico and Canada WASHINGTON — Oct 18 (FT) — The U.S. will grant tariff relief for trucks and parts imported from Mexico and Canada, easing the impact of upcoming 25% levies set to take effect on November 1. The decision aims to soften the blow to American […]
European Freight Rates Hit New Lows, Signaling a Structural Shift in Global Trade European container freight rates have now fallen to their lowest level since early 2024. The sharp decline highlights an ongoing imbalance in the global logistics market: too many ships, too little demand, and too many uncertainties in trade flows. Several factors are […]
Early Monday morning, a Boeing 747 cargo jet leased by Emirates and operated by ACT Airlines veered off the north runway at Hong Kong International Airport after landing from Dubai. The aircraft crashed through perimeter fencing and struck a security patrol vehicle, dragging it into nearby waters. Tragically, the two airport security personnel inside, aged […]
China–U.S. Port Fees Disrupt Cargo Flows and Push Up Freight Rates LOS ANGELES/SINGAPORE — Oct 17 (Reuters) — New port fees imposed simultaneously by China and the United States are disrupting global cargo operations, reducing available shipping capacity, and raising freight rates, according to industry officials. Starting October 14, ship operators began removing China-linked vessels […]
