1519 words 5 minute read – Let’s do this!
I heard TPM25 was wildly successful this year across many companies and want to take a moment to thank everyone that took the time to meet with our team and those that gave us feedback about the Weekly Market Update. WOW!! I am so grateful for our audience and hope we can keep delivering as each week goes by. The industry news that affects the market is kind of a big deal and thank you for making us be the “kind of a big deal” that delivers. If you have any topics or information that you would love to see us post about or 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
TPM25 fell into a new presidency and all the tariff drama that comes with it. Obviously, tariffs affect this industry a lot so buckle up, it will likely be a weekly topic for the remainder of the quarter.
Based on various Trump administration statements, the tariffs on Canada, Mexico and China imposed on Tuesday are about stopping illegal immigration, blocking fentanyl smuggling, closing the trade gap, balancing the federal budget and other nations showing more respect for President Trump. Trump has predicted that tariffs will lead to greater investment inside the U.S., creating factory jobs and boosting growth in the long term. On Tuesday, Trump put 25% taxes on imports from Mexico and Canada, taxing Canadian energy products such as oil and electricity at a lower 10% rate. The president also doubled the 10% tariff he placed on China to 20%.
Trump said on Thursday he’s pausing tariffs for Mexican goods and services covered by the North American trade agreement known as USMCA until April 2nd, after speaking with President Claudia Sheinbaum. Trump said he agreed to the exemption “out of respect” for Sheinbaum.
Trump took another swipe at Canadian Prime Minister Justin Trudeau, accusing him of leveraging the trade war for his own political benefit. Trudeau said his government was “having discussions” about possibly delaying a second wave of retaliatory tariffs against the U.S. But he maintained that his country would be resolute in responding to the tariffs, and that they would not lift their countermeasures in response to the recent carve outs announced by the Trump administration. “We will not suspend Canadian tariffs because the American made a change yesterday,” he said. “As I said a number of times we will not be backing down from our response tariffs until such a time as the unjustified American tariffs on Canadian goods are lifted.” Trudeau also said his goal remains to get “all tariffs removed”. Trump spoke to Trudeau Wednesday and told him that Canada’s efforts to stop the flow of fentanyl were “not good enough.”
Trudeau announced in early January that he would step down as prime minister, citing “internal battles” in the government, and on Thursday morning denied he was considering staying on as a “caretaker PM” while Canada negotiates with the U.S.
On our Canadian side of the Port X Team we are hearing that costs could go up for transport due to truckers trying to grasp at any money for lost revenue on less cargo heading cross border and we are also seeing an uptick on truck and driver inspections at the borders and scales by DOT on Canadian goods. The border is cracking down on potential border crossing related issues like correct visa papers and driver documentation, foreign objects or matter found in trailers and incorrect scale weights which is causing longer wait times at the border or even U.S. entrance rejections.
Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers. The pause comes after Trump spoke with leaders of the “big 3” automakers, Ford, General Motors and Stellantis, on Wednesday, according to White House press secretary Karoline Leavitt. Asked if 30 days was enough for the auto sector to prepare for the new taxes, Leavitt said Trump was blunt with the automakers seeking an exemption: “He told them that they should get on it, start investing, start moving, shift production here to the United States of America where they will pay no tariff.” After the White House announced the one-month reprieve, shares of big U.S., Asian and European automakers jumped as much as 6%. But pausing the 25% taxes on autos and auto parts traded through the North American trade pact USMCA would only delay a broader reckoning to take place on April 2, when Trump is set to impose broad “reciprocal” tariffs to match the taxes and subsidies that other countries charge on imports.
U.S. automaker Ford said in a statement: “We will continue to have a healthy and candid dialogue with the Administration to help achieve a bright future for our industry and U.S. manufacturing.”
General Motors in a statement thanked Trump “for his approach, which enables American automakers like GM to compete and invest domestically.”
Stellantis also thanked Trump for the one-month exemption, saying it “strongly” supported “his determination to enable the American automotive sector to thrive.”
Import TEUs are down 14.34% this week from last week – with the highest volumes coming into Los Angeles 17.2%, Newark 12.5% and Long Beach 10.4%
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
Vancouver/Prince Rupert/Halifax: Prince Rupert Port is seeing an increase of container volumes for goods coming in from Asia. Halifax container rail dwell times are high: Halifax Atlantic Hub currently is showing 25 days on dock rail delay and Halifax Fairview cove is currently showing 4.5 days on dock rail delay. If you have or are planning to have diverted containers arriving at the Canadian ports to avoid the rail delays, our Canadian team has a wealth of experience and knowledge of drayage, transloading and cross border deliveries and are ready to help answer your questions and support your shipment needs. Contact Canada@portxlogistics.com
LA/Long Beach: Port of Long Beach (POLB) recently announced it has rolled out two new incentive-based programs, for a cumulative $57.4 million, focused on accelerating emissions reductions through the purchase of zero-emissions cargo handling equipment and cleaner harbor craft. Funding for this initiative is split evenly between the Zero-Emission Terminal Transformation and Harbor Craft Business Continuity and Emission Reduction programs, and is comprised of the following:
- Zero-Emission Terminal Transformation Program, which allocates $28.7 million in incentives for purchasing zero-emission cargo handling equipment and battery-electric CHE charging equipment. All cargo handling equipment being tested must be manually operated; and
- Commercial Harbor Craft Incentive Program: Provides another $28.7 million to support upgrades that meet advanced environmental standards for harbor craft
Since its Green Port Policy was introduced in 2005, POLB has reduced emissions across the board, with diesel soot emissions down 92%, nitrogen oxides emissions down 71%, and sulfur oxides emissions down 98%. If you are looking for immediate capacity, our Los Angeles location boasts a large drayage fleet, a large, secured yard with plenty of storage space and a transload warehouse with immediate capacity to pull your containers for transloads. Our capacity is tendered to on a first come first serve basis. Contact the team at letsgetrolling@portxlogistics.com with your new orders today.
Did you know? Port X Logistics will be attending MRO Americas 2025 in Atlanta April 8th through the 10th? MRO Americas is the face-to-face opportunity that connects Aviation Week Network’s MRO portfolio which includes market leading intelligence & insight, proprietary data, forecast views of future opportunity and risk, forward-looking content on trends, fleet data, transactions, and life cycles, results-driven marketing services and advertising, and digital marketplaces. Members of our Carrier911 team will be present to take meetings and show the many successes and benefits we have to offer your air freight teams. Are you looking to find a more streamlined way to reduce your stress and your need to babysit your urgent airfreight shipments on the domestic trucking side? Let our Carrier911 team be your best solution. We can get your drivers assigned and on site at the airport in most cases within 1 hour. We have access to cargo vans, straight trucks, dry vans and more. Each of our drivers have experience with airport and CFS pickups and have access to retrieving the proper documentation to make these pickups seamless. Don’t forget we provide shareable tracking links and PODs sent at the time of delivery, so you can relax stress free with all of your most critical shipments. Contact the Carrier911 team 24/7/365 info@carrier911.com
SONAR Import Images
