News
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Houston, New Orleans ports see container volumes rise
Gulf Coast ports in Houston and New Orleans reported strong cargo volumes in February as plastics and resins helped drive exports of loaded containers. Port Houston container volume in February rose 15% compared to the same month last year to 313,452 twenty-foot equivalent units.
Mar 23, 2023
US Seeks Exemption From EU Carbon Border Levy to End Tariff Dispute
The US has asked for its steel and aluminum exports to be exempt from the European Union’s carbon border levy, complicating work on a broader metals accord that could lead to the allies reimposing billions of dollars in tariffs and retaliatory measures on each other’s goods.
Mar 23, 2023
Freight Rebound Hopes Are Fading Under an Inventory Glut
Freight companies are dialing back expectations that demand will recover strongly in the second half of the year amid growing economic uncertainty and signs retailers are growing more guarded about placing big orders in 2023.
Mar 23, 2023
Big Driver of the Global Economy Last Year Is Slowing Down, UN Says
International commerce soared to a record of $32 trillion in 2022, but goods trade growth is expected to increase by only 1% in the first quarter and remain subdued this year because of a weaker world economy, a UN agency said.
Mar 23, 2023