This past week has seen the official re-opening of the Port of Baltimore. With $37 million in state-approved relief for business and workers impacted, thousands of jobs have been protected whilst more than 50,000 tonnes of bridge wreckage was cleared from the water. As cargo begins to...
With stalled industrial negotiations between Canadian National Railway (CN) and Canadian Pacific Kansas (CPKC) and the Teamsters Canada Rail Conference (TCRC) and ongoing delays of both strike action and government intervention, this ongoing uncertainty has pervaded both the negotiations and reliability of the rail logistics...
April marked the eight consecutive month of year-over-year growth at the USA's second busiest seaport, the Port of Long Beach with over 750,000 TEUs moved throughout the month. The first four months of 2024 has seen the port move 2,753,244 TEUs, up 15.8% from the same...
As part of his election campaign, U.S. President Joe Biden has announced steep tariff increases to a wide array of Chinese imports, which has seen China state their opposition and intention to defend its own interests. These new tariffs affect $18 billion in imported Chinese goods...
Construction work underway to reconfigure landside truck grids within the Terminal has removed approximately 35% of the landside capacity at DP World's West Swanson Terminal in Melbourne, resulting in extreme congestion. This has been compounded by a heavy volume of arriving vessels, which is symptomatic of...
The latest Drewry World Container Index (WCI) increased by 2% to US$4801 per 40-foot container this week, which is 238% higher than average 2019 (pre-pandemic) rates of US$1420. The average composite index for the year to date is US$3443 per 40-foot container, which is $707 higher...
The complexity of the situation in the Red Sea, a critical route for approximately 30% of the world's container traffic, has continued to cause disruption on a global scale. Furthermore, the combination of the challenges across both the Red Sea and Suez Canal over the recent...
Increasing wait times for berths at Singapore, as well as omitting the port in the face of a worsening logjam at Southeast Asia's leading gateway, has seen the Port of Singapore reach a critical level of congestion and mass delays. This cascading of disruption, caused by...
China's abolishment of the wine tariff in March has seen Australian wine exports skyrocket in the months since. Following the removal of this tariff, Australian wine exports have risen by more than 675% in volume and 8300% in value, as Australia's exported wine value hit over...
On 14 May 2024, the Federal Treasurer Jim Chalmers delivered the 2024-25 Federal Budget for 2024-25. Outlined below is a high-level summation of the announcements relevant to trade, biosecurity, infrastructure and logistics: Trade Removal of 'nuisance tariffs' The Budget confirmed the earlier announcement by Government that it will...