Navigating The Waves Of Change

In July, ocean shipping prices peaked but remained elevated. However, import volume is expected to surge in early August as shippers try to fast-forward cargo to avoid potential disruption from labor negotiations.

Canadian rail companies are expected to go on strike on August 22nd, likely causing congestion and delays in the North American network. Air rates have remained relatively stable, with only a moderate rise. Meanwhile, domestic freight demand remains sluggish with ample amounts of trucking and warehouse capacity.

Regarding global trade, we are observing increased activity related to trade regulations, with sectors such as EV batteries, aluminum, and steel products expected to see tariff increases starting this month.