1242 words 5 minute read – Let’s do this!
Spring is here! Happy 1st day of Spring, and for us in the Northeast – we can honestly say “FINALLY”!
This week kicks off a very coveted and competitive time of the year for much of the Port X family and their love of college sports – How is everyone’s brackets looking? We would love for you to share your Elite Eight or Final Four predictions with us.
New tariffs are tentatively set to start on April 2nd so you will want to keep up on the Market Update,
We urge you to follow our LinkedIn page for the latest and greatest Market Updates and to get on the list for this weekly Market Update Newsletter and future industry related news sent direct to your inbox Email Marketing@portxlogistics.com
The European trade commissioner said U.S. officials want to start negotiating only after a new set of Trump administration tariffs takes effect on April 2nd. European Union officials are delaying their retaliation against President Trump’s 25% blanket tariffs on aluminum and steel imports into the United States, including 50 percent levies on American whiskey — until mid-April, aiming to refine the list of products that will be hit while also allowing more time to strike a deal with the United States.
The European Commission has decided that all the countermeasures it announced earlier this month will take effect in mid-April, instead of starting to phase in on March 31st. The E.U. was already consulting with its 27 member nations over the specific items that will be subjected to new tariffs on a 99 page list published last Wednesday, and includes anything from soy products to machinery parts. In all, European officials have said they expect to put tariffs on up to 26 billion euros ($28 billion USD) worth of exports.
Import TEUs are down 6.82% this week from last week – with the highest volumes coming into Long Beach 20.7%, Newark 12.8% and Los Angeles 12.5%. President Trump is making strong push to resurrect the American shipbuilding industry, including commercial shipbuilding and creating a new office of shipbuilding in the White House and offer special tax incentives. According to reports, an executive order that is being drafted would mandate the imposition of fees on vessels built or flagged in China that enter American seaports. In February, the United States Trade Administration (USTR) proposed a $1.5 million fee for any Chinese-made ship that docks at a U.S. port.
In addition, a new Maritime Security Trust Fund would be used to provide grants, loans, and tax credits for domestic shipbuilding. Most of the goods shipped across the oceans to and from the U.S. are in ships built in China (51%), South Korea (28%), or Japan (15%). China today is the world’s largest commercial shipbuilder, responsible for more than half of all shipbuilding. America’s share of the global commercial shipbuilding market is a mere 0.10%. President Trump is also drafting an executive order that would rely on funding from a U.S. Trade Representative proposal to levy fines of up to $1.5 Million on China-made ships or vessels from fleets that include ships made in China. Those potential port fees have limited the availability of ships needed to move agriculture, energy, mining, construction and manufactured goods to international buyers, according to major U.S. exporters and transportation providers, letters to U.S. officials, and comments ahead of USTR hearings next week. The proposed fees could also make it harder for the U.S. to export other energy products like oil, liquefied natural gas, and refined fuels, the American Petroleum Institute, the powerful oil industry lobbying group, said in comments submitted to the USTR dated March 10th. The USTR proposal also seeks to shift domestic exports to ships that are both flagged and built in the United States. The current fleet of U.S.-flagged cargo vessels numbers less than 200, and not all are U.S. built. This could take a hit to the coal export industry if exporters continue to struggle to find ships to send goods abroad.
What’s happening at the ports and rails?:
You can find all the information on the below link where we cover port congestion, chassis issues and capacity lead times weekly at all U.S. and Canada Ports and rail heads on our website – click on the link below
CLICK HERE For Port & Rail Updates
Montreal: In an article published by JOC – Canada’s government is now going to arbitrate longshore labor negotiations at the Port of Montreal after an impasse was declared between maritime employers and the local dockworkers union after 18 months of talks for a new master contract. The Montreal’s Maritime Employers Association (MEA) and Local 375 both requested 90 days of mediated talks to negotiate a settlement after the Canada Industrial Relations Board said in November that it would force arbitration on both sides to resolve talks for a new master contract covering 1300 dockworkers. The last master contract expired at the end of 2023. Both sides can now either agree on an arbitrator or Canada’s Labor Minister Steve MacKinnon can appoint one. Once appointed, the arbitrator generally has 60 days to issue their orders about terms for a new master contract. Our team in Canada has years of knowledge and experience with all Canadian ports and we can dray, transload and provide cross border deliveries to and from all Canadian ports. Contact the team at Canada@portxlogistics.com for all your Canadian needs.
Seattle/Tacoma: The Puyallup Tribe announced plans to open a new shipping terminal in Tacoma that it says would be the first tribally owned deep-water port in the country, able to accommodate some of the world’s largest shipping lines. Puyallup and the Northwest Seaport Alliance on Monday solidifying the tribe’s plans to build a new pier, now known as the Puyallup Tribal Terminal, on the Blair Waterway at the Port of Tacoma. The tribe plans to build the pier on about 22 acres of tribal property adjacent to the port’s existing East Blair Terminal 1. The tribe will fund the construction of the new terminal and be responsible for ongoing maintenance and repairs; the terminals will be jointly marketed and operated, according to the agreement. The new terminal is expected to be completed in three to five years and cost about $200 million. Do you want to learn how shipping through the SEA/TAC ports can benefit your supply chain and if you are looking for an all-star drayage/transload warehouse team? Our Seattle operation has plenty of drayage capacity with the addition of 11 new drivers and a huge amount of warehouse capabilities for ongoing transloading projects. Contact letsgetrolling@portxlogistics.com for capacity and great drayage and warehouse
Did you know? The 2025 Empire State Ride has a fun donation collaboration: Port X Logistics x Timberbuilt teaming up to help fund cancer research. Artful, Rugged, Green, Timberbuilt was founded with the vision of building artfully designed, hand-crafted timber homes with more energy efficiency. WNY based Timberbuilt has teamed up with Port X Logistics since day one, with Port X supporting them through many projects across the U.S. and even into Alaska! For additional information on ESR or how you can donate contact marketing@portxlogistics.com
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