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The trade office has recommended potential fees of up to $1.5m per port call for Chinese-built vessels, $1m per port call for operators of Chinese-built ships, and mandatory US-flag shipping requirements. Most operators in the world have in their fleet one or more ships of Chinese origin meaning that when...

Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude prices rose by 2.1% over the week, while U.S. West Texas Intermediate crude increased...

This Wednesday, U.S. President Donald Trump threatened to hit back against Europe’s own retaliatory move to Washington’s 25% tariffs on steel and aluminum imports. As the latest tariffs went into effect on Wednesday, the European Union (EU) announced it would impose counter-tariffs on 26 billion euros ($28.33 billion) worth of...

Legislation reintroduced Tuesday in the House of Representatives would establish a 10% tax credit to help upgrade the U.S. freight car fleet. Get those new cars moving with the Gateway Logistics team!

The aircraft carrier USS Harry S. Truman and a merchant vessel collided late Wednesday in the Mediterranean Sea. The incident involving the Panamanian-flagged bulk carrier Besiktas-M occurred around 11:45 p.m. local time, near Port Said, Egypt. No injuries have been reported, but the extensive damages are clearly observable in recently...

President Donald Trump has imposed a blanket 25% tariff on steel and aluminum entering the U.S. Bloomberg reported that the tariffs are being broadly imposed, applying to imports from allies such as the EU, Canada and Mexico and to finished metal products. The action drew applause from the Steel Manufacturers...

While the 10 percent tariff has garnered significant attention, the real change in the Executive Order lies in the suspension of the de minimis loophole. This loophole has allowed e-commerce giants to bypass American import taxes and consumer safety standards, creating an uneven playing field for American businesses. The de...

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Worldwide air cargo rates rose to the highest rates of 2024 in November, despite a slight drop in flown tonnages compared with October.   Demand and pricing both remain significantly above their already elevated levels last November. Advance planning with Gateway Logistics air freight team can help you during peak...