Freight Shipping & Logistics News

With Donald Trump winning the 2024 United States election, global trade is once again under close examination, as the soon-to-be president has recently announced that he will sign an executive order placing a 25% tariff on all imports from Canada and Mexico, along with an additional 10% tariff on imports from China.

As we step into the fourth quarter, retailers worldwide are gearing up for their busiest period. The holiday season brings a flurry of activity including Black Friday, Cyber Monday, and all the Holiday shopping.

The current freight market in July 2024 is shaped by multiple macroeconomic factors, including global tensions, potential union strikes, and seasonal demand. These factors are creating a volatile market that business owners must understand to avoid supply chain delays and rate increases.