Carriers Suspending Asia-to-U.S. Services
There are clear indications that the carriers are worried about the strength of the Asia-to-U.S. market. Rates are on a downward trajectory and services are being suspended. These are telltale signs that the demand is not close to rebounding. The carriers have canceled hundreds of sailings since the beginning of July in the Asia-to-U.S. market. […]
Renew the GSP Program and Refund Duties
The Generalized System of Preferences (GSP) program was created to encourage economic development for emerging economies in qualifying countries by reducing tariff burdens on U.S. companies to encourage investment and partnerships in those places. The program has been regularly renewed but lapsed in 2021 and Congress has not been able to reach an agreement on […]
