Facing yet another hike in tariffs on imports from China, BCOs are reviewing their options, but the reality is if they haven't changed their sourcing strategy by now, it's probably too late.
The conclusion of annual trans-Pacific service contracts this month showed that container lines for the most part got shippers to agree to reimburse them for expected higher fuel costs as of Jan. 1.
One of the most prominent global trade management software providers sold for $425 million Monday, a culmination of a series of deals for GTM makers and also the coup de grace in a trio of deals for buyer E2open.
Draft restrictions resulting from low water levels in the Panama Canal are driving up spot ocean freight rates between Asia and the US East Coast in the short term, but the long-term outlook is unclear due to further threatened tariffs on US imports from China.
Before May 5, when President Donald Trump announced that tariffs on $200 billion of Chinese imports would rise from 10 percent to 25 percent, carriers were relatively sanguine about 2019 and for good reasons.