Chinese imports

Loaded and Rolling: Lunar New Year outlook; boxpocalypse now

Lunar New Year outlook with Christopher Thornycroft
(Image: FreightWaves)

In Tuesday’s episode of FreightWaves’ Loaded and Rolling show, Christopher Thornycroft, executive vice president at Redwood, joined us to talk about the Lunar New Year and what it means for freight demand. For those unaware, the Chinese Lunar New Year holiday began Jan. 22 and typically lasts two weeks. This year, it will end with the Lantern Festival on Sunday. This holiday, which involves fireworks and gift giving, can...

https://www.freightwaves.com/news/loaded-and-rolling-lunar-new-year-outlook-boxpocalypse-now

US senator proposes $125M in grants to reroute container ships

Lawmakers in both chambers of Congress have introduced legislation aimed at compensating vessel owners that want to divert ships from the U.S. West Coast to less-congested Gulf and East Coast ports.

The Supply Chain Emergency Response Act, introduced this week by Sen. Rick Scott, R-Fla., and Rep. Carlos Gimenez, R-Fla., redirects $125 million of unspent money from the CARES Act to help owners of vessels currently anchored off the U.S. West Coast to transit through the Panama Canal and dock at...

https://www.freightwaves.com/news/us-senator-proposes-125m-in-grants-to-reroute-container-ships

Lawmaker to propose legislation discouraging purchases of Chinese container cranes

A Florida lawmaker plans to propose legislation aimed at disincentivizing the purchase of Chinese container gantry cranes by port authorities and terminal operators, saying the cranes pose a cyberthreat to U.S. supply chains.

Speaking on Tuesday during a Capitol Hill hearing on maritime cybersecurity, Republican U.S. Rep. Carlos Gimenez, whose district is south of the Port of Miami, said he is concerned about software embedded in cranes purchased by the port from China that could include malware...

https://www.freightwaves.com/news/lawmaker-to-propose-legislation-discouraging-purchases-of-chinese-container-cranes

Biden readies critical supply chain review

President Joe Biden is preparing to make good on a campaign promise to review critical supply chains and reduce American dependence on imports for pandemic-related equipment and materials.

In July 2020, while he was officially still the Democratic Party’s presumptive presidential nominee, Biden laid out a plan to help the U.S. prevent shortages of critical products needed in times of crisis. The plan was in response to what he and others saw as failed efforts of the Trump administration during...

https://s29755.pcdn.co/news/biden-readies-critical-supply-chain-review

Trump Admin sending crystal-clear message: “Know your supply chains”

This is an excerpt from Thursday’s Point of Sale retail supply chain newsletter.

The western Chinese region of Xinjiang is a major source of coal, chemicals, sugar, tomatoes and polysilicon, but the area is most notably the country’s primary producer of cotton. In fact, 85% of China’s cotton can be traced to the region and China accounts for ~20% of the world’s cotton production. 

After months of increasing restrictions, the Trump Administration announced a blanket import ban on all cotton and...

https://www.freightwaves.com/news/trump-admin-sending-crystal-clear-message-know-your-supply-chains

Commentary: What products are US consumers buying?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

The record volumes of Chinese imports into the United States, and the soaring rates that have been attached to the freight, have garnered headlines for months. Looking ahead to the incoming China exports, the increase in volumes shows no signs of slowing.

“Container volumes for Long Beach, LA and New York are very encouraging,” said William George, analyst with...

https://s29755.pcdn.co/news/commentary-what-products-are-us-consumers-buying

Inbound package rates rise; market braces for sticker shock

Inbound packet rates go up as market braces for sticker shock (Photo: Jim Allen/FreightWaves)

The Universal Postal Union (UPU) regulations increased inbound package rates within the U.S. as of today, July 1. As agreed to by the UPU and the U.S. in October 2019, the deal will ensure that the country remains a part of the UPU. The changes were put in place after the U.S., the largest importer in the world, threatened to leave the UPU, citing mandated cheaper parcel rates granted to countries with a “developing” status tag – including China. 

The UPU was forced to come to the table for...

https://s29755.pcdn.co/news/inbound-package-rates-rise-market-braces-for-sticker-shock

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