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Showing posts with the label Port Congestion
  As August rolls around, it is essential to understand what to expect when shipping during the peak season. The peak season is a time when the demand to ship cargo surges. In the US, it usually starts around mid-August and goes to the end of Autumn. Scenarios like the back-to-school rush and stocking up for the holidays happen during this time. In particular, ocean freight in the Trans-Pacific and Asia-Europe trade lanes has a significantly high traffic volume. Due to the high demand for shipping, shippers can face various challenges during peak season. This article will explain what happens during this period and how to protect your shipment. What Can You Expect When Shipping During The Peak Season? Due to the high demand for shipping, shippers can face various disruptions during the peak season, including higher shipping costs. As the freight rates rise as the demand to ship cargo internationally rises, so can the freight rates. Carriers also implement other fees like PSSs (Peak...

US Imports Could Soon Surge

  Importers and retailers predict that US imports could soon surge over the next few weeks. Following a 90-day break in the tariff war between the US and China, retailers expect to resume importing. Data from the NRF’s (National Retail Federation) Global Port Tracker recently showed that retailers have been frontloading imports. Along with the temporary reduction on Chinese goods, other scenarios, such as a hold on  reciprocal  tariffs, have also contributed. Due to the high volume of exports from China, a surge could substantially impact the international shipping industry. This article will explain the reason behind the predicted surge, which could impact importing cargo to the US. Why Are Retailers Forecasting That US Imports Could Surge Soon? The potential surge in US imports comes from a  slashing of tariffs that would have reached over 100% . In particular, the US lowered taxes on Chinese imports from 145% to 30%, and China reduced tariffs on US imports from 12...