President Donald Trump has vowed to lead a revival in U.S. shipbuilding, but the success of this manufacturing renaissance in a key sector for national security will rely on the expertise from overseas. The administration’s goal of a shipbuilding boom is a part of Trump’s “Make America Great” policy agenda. …
The Panama Canal Authority is aiming to lure back lost energy trade with changes to its booking system for LNG canal transits, and with a new LNG pipeline project offering energy and tanker companies an alternative to move the commodity across the critical global shipping gateway. Ricaurte Vásquez, administrator of …
At the stroke of midnight, 92% of all U.S. cargo shipments, and up to 4 million packages daily, lost their duty-free status with President Donald Trump’s removal of the de minimis exemption for low-value trade. Any imported goods sent through the international postal network that are valued at or under …
Chinese President Xi Jinping meets with U.S. President Donald Trump in Osaka, Japan, June 29, 2019. Xinhua News Agency | Xinhua News Agency | Getty Images President Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked …
America’s supply chain is under attack. From coast to coast, organized criminal groups are hitting trucks on the road, breaking into warehouses and pilfering expensive items from train cars, according to industry experts and law enforcement officials CNBC interviewed during a six-month investigation. It’s all part of a record surge …
A crane unloads peas imported from Canada at the Laizhou port area of Yantai Port in Yantai, China, Feb. 28, 2025. Nurphoto | Nurphoto | Getty Images The clock is ticking on trade deals that the U.S. will need to strike with many nations, most notably China, to avoid what …
Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. Major ports on the Yangtze, China’s longest river, are expected to post a total throughput of 4.02 billion tonnes of cargo this year, breaking the mark of 4 …
The past year has been a strong one for North American import trade demand, and that should continue for both ocean and air cargo into 2025, according to shipping giant Maersk, but so will supply chain disruptions. After year-on-year growth in North American market imports of roughly 20%-24% across the …
The Garden City Port Terminal in Savannah, Georgia. Sean Rayford | Getty Images Uncertainty among U.S. shippers is escalating into 2025 with the expectation of new Trump tariffs and the possibility of a new ports strike that could begin in mid-January. Supply chain and logistics executives tell CNBC that shippers …
A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Record imports over the last several months at West Coast ports, driven by the recent East Coast …