United States truck tonnage index up 0.3% in July
IRU member the American Trucking Associations (ATA) has been calculating the tonnage index based on surveys from its membership since the 1970s. The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 0.3% in July after declining 1.8% in June. In July, the index equalled 113.7 (2015=100) compared with 113.3 in June. ATA Chief Economist […]
Panama Canal
Enhanced Draft and Daily Transits The Panama Canal will boost its daily transits from 32 to 33 starting July 11, with an additional increase to 34 transits by July 22. These adjustments respond to current and projected water levels in Gatun Lake and the upcoming rainy season in the Panama Canal Watershed. Effective June 15, the […]
Enhancing Supply Chain Speed:
CMA CGM Introduces Mexico Express Service CMA CGM has announced the launch of a new service linking the Far East with the west coast of Mexico. The Mexico Express (M2X) service will feature stopovers in Ensenada, Manzanillo, and Lázaro Cárdenas, aimed at enhancing trade connectivity in the region. As stated by the company, “This initiative […]
New Tariff Measures in US-China Supply Chains
Cargo volumes and supply chain costs for China-US services face potential strains following US President Joe Biden’s announcement of new tariffs on Chinese imports. Biden unveiled tariffs on Chinese imports valued at $18 billion, spanning electric vehicles (EVs), solar cells, semiconductors, and more, set to take effect between 2024 and 2026. Notably, tariffs on EVs […]
Air Freight News
Middle East & African Market Expanding Capacity: Kenya Airways Responds to Rising Sea-Air Demand in Africa Kenya Airways has recently introduced its second Boeing 737-800 freighter, aiming to address the escalating sea-air demand, particularly to West Africa. This addition follows the arrival of the aircraft in Kenya at the end of March, with operations commencing […]