All Tariffs articles
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News
Shipper turns to airfreight to avoid ocean tariff troubles
A Canadian apparel firm is upping its use of airfreight as it anticipates that there will congestion at Asian ports in the run up to expected US tariff hikes.While announcing its quarterly results, Lululemon chief financial officer PJ Guido said the company was expecting port congestion in mid to late ...
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US more than doubles Chinese tariff levels
The US has followed through on its threat to increase tariffs on $200bn worth of Chinese goods.Tariffs on Chinese products being imported into the US have been increased from 10% to 25% and China has threatened to retaliate.The types of products covered by the tariff increases includes: fresh food, processed ...
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US threatens further tariff hike on Chinese goods
US retailers are bracing themselves for increases in US tariffs on Chinese goods after president Donald Trump took to Twitter over the weekend to threaten further hikes in rates.On Sunday, president Trump said that the 10% tariff rate on $200bn worth of Chinese goods would good up to 25% on ...
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Kerry Logistics warns of ongoing supply chain disruption caused by China-US rivalry
On announcing its 2018 results, Hong Kong-headquartered freight forwarder Kerry Logistics warned it is expecting supply chains to continue to be affected by the ongoing trade rivalry between China and the US.The company said it saw revenues increase by 24% year on year to HK$38.1bn in 2018 on the back ...
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NewsTop ten supply chain risks in 2019
A new report has outlined the top ten developments (see end of article) that pose a risk to supply chains in 2019.The DHL First Resilience360 Risk Report, which is based on the insights of in-house analysts at the logistics giant, suggests that supply chain restructuring due to trade wars, material ...
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NewsAsian air cargo faces short-term turbulence
IATA World Cargo Symposium 2019The Asian air cargo industry faces turbulence over the coming months, with predictions of further demand declines.Speaking at the World Cargo Symposium, IATA chief economist Brian Pearce painted a bleak picture for air cargo in Asia over the next few months.He said the US-China trade war ...
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No Deal Brexit will push logistics cost up between 5%-35%, warn shippers
Slipping to a No Deal Brexit, and reverting to complicated WTO rules and tariffs, would impose additional costs of between 5% and 35% on the UK's supply chain, warn representatives of the UK's leading logistics organisations.Shippers and hauliers as well as the industry's trade association FTA, which represents more than ...
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News
IATA downgrades air cargo growth forecast to 2%
IATA has slashed its outlook for cargo growth over the coming 12 months as the US-China tariff dispute took more of a toll on performance than expected.Speaking at the IATA World Cargo Symposium in Singapore, the organisation’s chief economist Brian Pearce lowered its growth projection for freight tonne kms (FTK) ...
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NewsEmerging markets enthusiasm tempered by ‘crisis’ concern
Logistics industry executives worry about trade tensions, geopolitical threats Logistics industry executives see emerging markets growing at 5% in 2019, but a high number are bracing for a crisis amid US-China trade friction, interest rate and currency volatility, and Brexit uncertainty.The annual survey of more than 500 supply chain industry ...
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DSV: No comment on Panalpina as profits rise
DSV saw profits and revenues take-off in 2018 but has declined to provide any further comment on its attempt to acquire Panalpina.The Copenhagen-headquartered freight forwarder saw full-year revenues increase by 5.5% to DKr79bn, earnings before interest and tax (ebit) were up 11.7% to DKr5.4bn and net profits increased 32.4% to ...
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NewsChina-Europe air cargo rates expected to rise despite unexpected dip
Airfreight rates on services from China to Europe are expected to pick up during the summer and beat last year’s levels during the fourth-quarter peak.The first airfreight rate forward curve from derivatives broker Freight Investor Services (FIS) shows that for August the sector is making paper deals with an average ...
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Cargo demand in November a "big disappointment", says IATA
The air cargo industry failed to register an increase in demand in November for the first time since March 2016 in what has been described as a big disappointment.The latest figures from airline association IATA show that cargo traffic was flat in November compared with a year earlier, following 31 ...
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Transpacific airfreight rates drop off in December
Airfreight rates on the transpacific trade lane took a tumble at the end of the year as reports suggest the China-US trade war began to affect air cargo.The latest figures from Tac Index show that in November the average price of services from Hong Kong to North America in December ...
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Tariff war takes its toll in November as air cargo volumes decline
Air cargo volumes for November bucked normal seasonal trends and declined compared with October levels.The latest figures from analyst WorldACD show that there was a 1.4% year-on-year (YoY) decline in cargo volumes in November, but more surprisingly there was a slip of 2% compared with October.Usually air cargo demand increases ...
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US retailers relieved as US delays $200bn China tariff increase
US retailers have welcomed news that the US has decided to hold off on implementing tariffs on $200bn worth of Chinese goods due to be implemented in January.The delay comes after China and US agreed to a 90-day truce on further tariffs hikes to allow talks to take place.From January ...
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NewsTariffs yet to hit Asian air cargo but concerns remain
Airlines recorded “firm” growth in cargo volumes in August with no signs that the imposition of tariffs is having an impact on demand so far.The latest figures from the Association of Asia Pacific Airlines (AAPA) show that cargo traffic in freight tonne km terms increased by 4.2% year on year ...
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US shippers hit out at latest round of US tariffs
The National Retail Federation (NRF) has criticised the latest round of US tariffs on Chinese products, saying that American families will pay the bill.The new 10% tariff on $200bn worth of Chinese goods are likely to have more of an impact on airfreight than the two previous rounds as they ...
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US announces tariffs on Chinese goods worth $200bn
The US has announced it will introduce 10% tariffs on an extra $200bn worth of Chinese goods, with Beijing promising to respond in kind.US Trade Representative Robert Lighthizer said the new tariffs are in response to China's pursuit of "abusive trading practices with regard to intellectual property and innovation".The US ...
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Transpac airfreight rates hit a 2018 high as NCA lays up its fleet and ahead of tariffs
Airfreight rates on the transpacific trade lane reached their highest point of the year so far as Nippon Cargo Airlines (NCA) has had to lay up all 11 of its freighters and the US and China prepare to introduce trade tariffs on a range of products.The latest figures from Tac ...
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NewsAir cargo braces for the impact of trade tariffs
The introduction of trade tariffs is set to hit the air cargo industry, despite the possibility of an initial boost.Reports have suggested that the various trade tariffs that have been introduced over the last few months could result in a rush to transport goods before they come into force, with ...