Bestway learned in a very welcome update that the MV Dali, a 9,000 TEU container ship, blocked the Port of Baltimore for nearly two months after colliding with the Francis Scott Key Bridge on March 26th. This incident halted vessel transits, deeply impacting the port’s operations. However, the vessel is now being refloated, and operations […]

The U.S. Trade Representative (USTR) has announced new revisions to Section 301 tariffs, marking a public shift in trade policy with China. These changes, rolling out over the next few years, will majorly impact various industries, especially those involved in international trade and logistics. Understanding Section 301 Tariffs Initially, Section 301 tariffs were implemented to […]

In the wake of escalating tensions in the Gulf of Aden, Bestway is closely monitoring the maritime industry’s response, particularly the strategic decisions affecting global shipping routes. The recent move by Cosco-owned OOCL to halt cargo acceptance to and from Israel is a significant development, underscoring the heightened concerns over maritime safety. The situation’s complexity […]

The United States and Mexico share a rich and intertwined history, and their trade partnership is a testament to their enduring relationship. In recent years, we’ve witnessed a consistent surge in cross-border trade, with experts predicting this growth to reach a staggering $1 trillion by 2028. Since December, the Mexican peso is among the top […]

Severe drought conditions in the Panama Canal are having a significant impact on global supply chains, as the Panama Canal Authority  implements draft restrictions limiting the amount of cargo the world’s largest ships can carry.  From February through April, rainfall in the Panama Canal declined by 50% compared to recent averages, SeaTrade-Maritime reports.  Water levels […]

Detention and demurrage charges are back in the news as carriers stop charging for days when the terminal is closed. Under the threat of the FMC investigation leading to questions of antitrust, carriers are giving in and accepting that customers shouldn’t be responsible for not returning containers on days when containers couldn’t be returned through […]

Rail unions are struggling to pass the National Tentative Agreement, suggested back in September as two have now rejected the offer due to lack of sick time and vacation days. In the event of a rail strike, the US economy could lose $2 billion per day in revenue, prompting shippers, carriers and holiday retailers to […]

Recent news that ocean carriers like MSC, CMA CGM and Maersk are looking at opening, merging with, or acquiring an air cargo arm for their ocean freight business raises questions about the benefits of diversifying service offerings. As rates fall and the ocean logistics industry slows down, with exports from China coming to US shores […]

As the thirty-day cooling-off period ends on Friday, September 16th, only two unions remain holdouts to an agreement. Unfortunately, those two unions, the Brotherhood of Locomotive Engineers and the International Association of Sheet Metal Air, Rail, and Transportation Workers, represent more than 90,000 members and encompass the whole of the US rail system as we […]

Peak season has been merely a fond memory throughout the pandemic as the breakneck pace of cargo and e-commerce took on the disruption in the supply chain and grew into a monolith of commerce. The period during late summer when retailers begin shipping cargo for the holiday shopping season, the peak itself is returning to […]

When Shanghai and other parts of China went on multiple lockdowns in attempts to curb the spread of Covid-19 it repeatedly brought the global supply chain to its knees. Earlier in June, lockdown orders were finally rescinded, but now, with the advent of the new Omicron BA.5 sub-variant, China is bracing for additional rounds of […]

During the pandemic, consumers turned their attention to e-Commerce, causing a massive influx of freight into the United States and the freight market to surge with almost double the amount of new players entering the industry.  However, now that the market is facing the crack of the supply chain bullwhip, coupled with an impending recession, […]