Freight Recession Nears End as Prices and Volumes Rise
The global trucking and freight markets seem to be rebounding, signaling an end to the post-Covid recession period. Business activity is stabilizing, with volumes and demand on the rise, particularly evident in certain ocean freight lanes where prices are increasing. Although inflation in the freight sector remains high relative to a percentage of the US […]
Global Rate Cuts Shaping Second Half of the Year Outlook
Recent global economic data and announcements of rate cuts are setting the stage for reductions in borrowing costs for the second half of the year and into 2025. China’s surprise rate cut, along with expected cuts in Canada this summer, could lower borrowing costs by the end of the year. In the United States, markets […]
Signs of Recovery in the European Economy
The European economy appears to be rebounding, showing slow quarterly growth after six consecutive quarters of decline. Although the pace and performance vary across different segments, many reports indicate that the economy is starting to recover. It remains to be seen what a full “recovery” and normal business and growth rates will look like in […]
Ongoing Panama Canal Drought Threatens Global Supply
Prolonged dry weather throughout Latin America is impacting global supply chains, although some relief is expected as the rainy season picks up pace in mid-June. The Panama Canal has been limiting the number of vessels passing through daily for months, causing bottlenecks and backups. Mexico has faced drought conditions for nearly a year, with total […]
25% Tariff Reinstated on Specific Previously Excluded Chinese Imports
Just days before the May 31, 2024, deadline for the expiration of a list of imports excluded from the 25% China tariffs, a decision was made to reinstate the 25% tariff on some products. The USTR decided to reapply the 25% tariff on a selection of previously excluded products, while the remaining items will […]
