This week, Maersk is launching a new Chicago Rockford-Zhengzhou air cargo route, pausing its Shenyang-South Carolina service to meet shifting customer demand. The American Trucking Associations reported a 3.6% increase in truck freight tonnage for May, the first year-over-year gain in 15 months. Small-business truck owners, represented by the OOIDA and API, are suing the Biden administration over new EPA zero-emissions vehicle standards, claiming the high compliance costs will drive them out of business. Hapag-Lloyd is set to introduce a standalone India-US East Coast service, withdrawing from its Indamex partnership with CMA CGM. Meanwhile, the Biden administration plans to maintain and increase Section 301 tariffs on Chinese imports, with businesses exploring ways to mitigate these tariffs. Read the full articles for comprehensive coverage on these developments.
Weekly Freight Report: June 21, 2024
June 21st, 2024
Union Voting on Whether to Extend Strike Threat by CN, CPKC Rail Workers
The union representing over 9,000 CN and CPKC rail workers has initiated a second strike vote due to stalled contract negotiations, with potential strike actions delayed until mid-July pending a decision by the Canada Industrial Relations Board on the impact on public safety.
India-US East Coast Trade Poised for Major Ocean Capacity Shakeup
Hapag-Lloyd is set to launch a standalone service on the India-US East Coast trade route in early August, withdrawing from its long-standing Indamex partnership with CMA CGM, leading to significant changes in ocean network capacity.
How to Mitigate China Tariff Increases Coming Aug. 1
The Biden administration plans to maintain and increase Section 301 tariffs on Chinese imports starting August 1, while former President Trump threatens even higher tariffs if re-elected, prompting businesses to explore legitimate ways to mitigate these tariffs through exclusions, refunds, tariff engineering, operational engineering, valuation strategies, and the use of bonded facilities.
Maersk Launches Chicago Rockford-China Air Cargo Service
Maersk is temporarily halting its freighter service between Shenyang, China, and South Carolina to launch a new route from Chicago-Rockford to Zhengzhou, China, starting Monday, in response to shifting customer demand. This new service will operate three times a week, with a refueling stop in Anchorage, Alaska.
Truck Tonnage Sees First Year-Over-Year Increase in 15 Months
The American Trucking Associations reported that truck freight tonnage improved by 3.6% in May after a 1% decline in April, marking the first year-over-year gain since February 2023.
OOIDA Sues EPA Over Zero-Carbon Regulation
Small-business truck owners, represented by the Owner-Operator Independent Drivers Association and the American Petroleum Institute, are suing the Biden administration over new EPA zero-emissions vehicle standards, claiming the high compliance costs will drive them out of business.
