Bi-weekly Freight Updates - August: latest news and updates on the worldwide supply chain
The worldwide supply chain is constantly changing. As we continue dealing with the fallout of pandemic-related supply chain issues, fluctuations in prices, labour disruptions, logistic delays, and port congestion persist. We provide you with freight updates that include some of the latest industry news, helping to keep you on top of the dynamic global supply chain landscape.
Container shipping rates keep dropping as tariff surge runs out of steam
Drewry’s World Container Index decreased 4% to $2,250 per 40ft container this week, marking the tenth consecutive week of decline as the market continues to stabilize following a period of high volatility. Read more
Canada seeks meeting to address China’s WTO complaint over steel tariffs
Canada is defending its steel tariffs against China after Beijing lodged a complaint last week at the World Trade Organization. Read more.
Trump expands 50% tariff on steel and aluminum to 400 additional product types
The Department of Commerce announced that President Donald Trump’s 50% tariff on imported steel and aluminum products has been expanded to cover more than 400 additional categories. Read more.
US, China extend tariff truce by 90 days, staving off surge in duties
The United States and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as U.S. retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season. Read more.
Sask. canola farmers already feeling strain of 'anti-dumping' Chinese tariffs
China's 75.8-per-cent tariff on Canadian canola came into effect on Thursday, and farming operations across the country are already dealing with a substantial dip in the market. Read more.
About Cole International's Freight Forwarding Services:
