As global trade continues to expand, the logistics industry faces increasing pressure to adopt sustainable practices. Businesses and consumers alike are prioritizing eco-friendly solutions, and logistics companies play a critical role in reducing carbon emissions for logistics services. Reducing the carbon footprint in global shipping is essential to creating a...
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$3.5m: How much this COSCO ship might be charged when calling at a U.S. port
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 Rise for Second Consecutive Week on Expected Tighter Supply
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...
From Ports to Doorsteps: The Importance of Intermodal Transport in Global Trade
Intermodal transport optimizes global trade by combining ocean, air, rail, and trucking, lowering costs and improving delivery efficiency. Businesses benefit from cost savings, faster deliveries, and a reduced carbon footprint by utilizing multiple transport modes strategically. Despite its advantages, intermodal transport faces challenges like port congestion and customs complexities, which...
Counter-counter-tariffs? Trump threatens to hit back against EU’s retaliation
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...
DID YOU KNOW THAT WE HAVE OUR OWN RAIL SPUR AT GATEWAY?
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!
DO YOU HAVE ALL RISK INSURANCE?
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...
Trump Raises Steel and Aluminum Tariffs to 25%
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...
TRUMP PAUSES DE MINIMIS REPEAL AS PACKAGES PILE UP AT US CUSTOMS
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...
The Impact of Ocean Freight on Supply Chains
Imagine trying to run a business without knowing how your products will reach customers across the globe. This is the reality for many companies that rely on ocean freight to keep their supply chains running smoothly. While it offers cost-effective shipping on a massive scale, ocean freight comes with its...