Articles

  • 1 week ago | sourcingjournal.com | Glenn Taylor

    With uncertainty in global trade set to compound the struggles already endured by many logistics companies amid a nearly three-year freight recession, the pressure is on for transportation and trucking provider J.B. Hunt.

  • 1 week ago | sourcingjournal.com | Glenn Taylor

    Chinese port activity has reportedly stalled in the wake of President Donald Trump’s tariffs, in a prime indicator that exports out of the country are set to see a monumental slowdown. According to China’s ministry of transport, cargo handled by the country’s ports including Shanghai, Ningbo and Shenzhen from April 7-13 slipped 9.7 percent from the week prior to 244 million tons.

  • 1 week ago | sourcingjournal.com | Glenn Taylor

    Temporary tariff exemptions on products including smartphones, semiconductors, computers and other electronics may have given some short-term relief in the U.S.’s trade war with China, but plenty of cargo still hasn’t left the country. An estimated 30 to 40 percent of trans-Pacific container imports are still effectively halted by the tariffs that remain in place, according to data from Linerlytica.

  • 1 week ago | sourcingjournal.com | Glenn Taylor

    U.S. shippers working with FedEx and UPS will be paying a surcharge if they want to bring imports into the country from China and Hong Kong. UPS reinstated a 29 cents-per-pound “surge fee” surcharge on all shipments from China, Hong Kong and Macau entering the U.S. on Sunday, bringing back an added charge that was in effect for two weeks in March. On Tuesday, FedEx tacked on a 45 cents-per-pound import demand surcharge on parcel shipments from China, Hong Kong and the Philippines.

  • 1 week ago | sourcingjournal.com | Glenn Taylor

    The president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is calling on India to reinstate transshipment services for goods leaving the south Asian country. In an interview with Indian news outlet Asian News International (ANI), BGMEA head Faruque Hassan said that the cancellation of the transshipment services would increase freight costs and lead times for exports out of Bangladesh.

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