Imports from Asia are at an all-time low. Dropping an average of 31.3 percent year over year. Retailers are forecasting less imports to deal with the inventory overhang. February’s imports were the lowest since 869,091 TEU in March 2020, according to PIERS, a sister product of the Journal of Commerce within S&P Global. Retailers hope the decline will taper at the end of August as shopping season peaks.
Source: JOC
US Customs has updated their system to reflect the removal of the 25% India/Russian oil tariff, and this is effective for shipments that arrived on or after Feb 7th, 2026.
Read MoreUS Customs regarding instructions on signing up for ACE PORTAL account and setting up the ACH Refund Authorization
Read MoreRates are moving down consistently from the increases assessed November 1, even with schedule being significantly reduced (see attached) - we expect rates to continue a flat to down trajectory for the remainder of the year and into 2026.
Read MoreI hope everyone had a wonderful summer. While the dark clouds may be forming around the 4th quarter and international trade in general, remember that we, as an industry, are resilient and innovative. There is always a way... Funny enough, I had planned on sending this last month, but with the consistent changes from August through even today, it seemed like an exercise in futility, which is not my favorite exercise.
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