Market Highlights

US refunds $100 billion in tariffs struck down by Supreme Court, filing shows | AJOT.COM

Brazil Announces Efforts for Economic Agreements with China and South Korea

Gemini Cooperation expands return to Suez Canal | trans.info

Asia-US East Coast box rate hits new high of $9,400 - FreightWaves

European air cargo demand continues to fall following EU’s stricter import rules - Air Cargo News

WorldACD Weekly Air Cargo Trends 2026 - week 31 - WorldACD

Mexico plans major expansion of busiest cross-border truck crossing - FreightWaves

Articles of Interest

Singapore says exports worth $7.4 billion affected by new U.S. tariffs | AJOT.COM

Diesel theft wave hits Italian hauliers | trans.info

White House Announces Section 232 Tariffs on Polysilicon and Derivative Products

British hauliers move more freight with fewer empty runs | trans.info

After sidelining 26,000 truck drivers, FMCSA seeks to lock in English rules - FreightWaves

Canadian province removes 20 unsafe trucking companies from roadways - FreightWaves

Trump extends Jones Act waiver; direct effect “pennies per gallon,” say analysts - FreightWaves

Upcoming Events

Aug. 19 – Incoterms Basics 2020

Aug. 25 – U.S. Customs & Trade Update for Japanese Companies

Aug. 26 – Breaking Down the Customs Enforcement Executive Order

Sept. 2 – Breaking Down the U.S. Customs Enforcement Executive Order (Europe)

Market Highlights

EU packaging rules are changing: what importers need in place by August 2026 | trans.info

CBP Deploys Entry Type 13 Test and Resources

Carrier Discounts Push Container Spot Rates Lower Ahead of August GRIs

Ocean Market Monitor

WorldACD Weekly Air Cargo Trends 2026 - week 30 - WorldACD

Trucking coalition says 194,000 non-domiciled CDLs affected by carrier reforms - FreightWaves

France relaxes driving-time rules for wildfire transport | trans.info

Articles of Interest

U.S. and Jordan Sign Agreement on Reciprocal Trade

Port Authority of New York and New Jersey reports facility volumes for first half of 2026

Strong finish: Ocean Network Express lifts full-year profit outlook to ~$900M

As diesel futures plummet, DOE/EIA benchmark rises a 4th straight week to $5.348/gal

Container spot rates fall as capacity growth pressures freight rates

Chapman Freeborn launches in-house ICS2 declaration service for EU-bound cargo

Chinese state traders make large U.S. soybean purchases; USDA confirms ~488k tons

Events

Aug. 13 – U.S. Customs Market Update

Aug. 19 – Incoterms Basics 2020

Aug. 25 – U.S. Customs & Trade Update for Japanese Companies

Aug. 26 – Breaking Down the Customs Enforcement Executive Order

Market Highlights:

Importers sue over forced labor tariffs on 60 economies - FreightWaves

Office of Public Affairs | Trade Fraud Task Force Surpasses $1 Billion in Recoveries and Charged Losses in Less Than One Year | United States Department of Justice

Traders Seek Measured Approach on Customs Enforcement | Sandler, Travis & Rosenberg, P.A.

War sends Asia-US ocean rates soaring 234% since February - FreightWaves

New test program puts nuclear container ships on the horizon - FreightWaves

Shipbuilders could see billions of dollars from defense spending bill - FreightWaves

Rates continue to fall but still up on last year - Air Cargo News

Tariff transition tests supply-chain visibility as Section 301 takes effect - Air Cargo Week

Hong Kong to Europe volumes slump as new EU rules kick in - Air Cargo Week

Brokers rethink carrier selection process after court decisions - Truck News

ECONOMIC TRUCKING TRENDS: Trucking supply and demand align in June, but spot rates continue July pullback - Truck News

U.S.-Canada bridge opens in Detroit as trade disputes test ties

Articles of Interest:

USTR Announces Forced Labor Enforcement Section 301 Tariffs

Benchmark price is up, futures down, diesel on its own

Geopolitics helps CMA CGM shipping profit soar 42%

Events:

July 29 – 2026 Mid-Year Outlook - presented by Onyx (Americas)

July 30 – 2026 Mid-Year Outlook - presented by Onyx (Europe)

July 30 – 2026 Mid-Year Outlook - presented by Onyx (Asia)

August 13 – U.S. Customs Market Update

Market Highlights:

EU Commission Issues New Tariff Measures

Container ship attacked in Strait of Hormuz as Iran widens war - FreightWaves

Trump Reinstates Iran Blockade, Declares U.S. 'Guardian of Hormuz,' And Calls for 20% Cargo Fee

Iran conflict drives up Asia-US container rate by 276% - FreightWaves

Hong Kong-Europe air cargo volumes plummet - Air Cargo News

Russia, Strait of Hormuz combining to drive diesel higher after declines - FreightWaves

Articles of Interest:

Ships turn back as Iran restricts Strait of Hormuz traffic | trans.info

2M+ import containers to set new record, say retailers - FreightWaves

OFAC Revokes Iran General License

Canada trade gets lifeline as Gordie Howe bridge set to open - FreightWaves

Freighter trial flights take place at soon-to-open Western Sydney - Air Cargo News

Indiana State Police recover 12 stolen truckloads worth more than $11 million - FreightWaves

Savannah opens last piece in project to ease port truck traffic - FreightWaves

Section 232 Aerospace Investigation Results in No Tariffs

DP World plans UAE port, container terminal to bypass Strait of Hormuz: Report - FreightWaves

Belgium plans €100 road vignette for vans from May 2027 | trans.info

Chicago Rockford International Airport marks groundbreaking of 334,800-square-foot Hillwood logistics development | AJOT.COM

Events:

July 21 - Incoterms 101

July 29 - 2026 Mid-Year Outlook -presented by Onyx(Americas)

July 30 - 2026 Mid-Year Outlook -presented by Onyx (Europe)

July 30 - 2026 Mid-Year Outlook -presented by Onyx (Asia)

Discover how recent tariff changes are impacting French exports to the US and what companies can do to stay agile.

Host Chris Parker is joined by Dana Lorenze,SVP of Global Customs, and Marc Rached, Regional Director of France, to discuss the evolving trade landscape, the importance of compliance, and practical strategies for navigating shifting regulations.

Learn about the tools, resources, and collaborative approaches that help businesses adapt and thrive in today’s dynamic environment.

In the 50th episode of the Expeditors Podcast, Ian Mallison, Vice President of Supply Chain Solutions, discusses the challenges and disruptions the logistics and freight forwarding industry has faced this past year, and highlights the need for companies to have resilient supply chains that can adapt to changing circumstances. You’ll also hear about the role of digital twin technology in supply chain management, with emphasis on the importance of good data collection and analytics in making informed decisions and preparing for uncertainties.

Guest: Ian Mallison - Vice President, Supply Chain Solutions

3:40 - Impact of the Pandemic on Inventory Levels

7:57 - Strategies for Adapting to Market Conditions

10:58 - Challenges and Strategies in Diversification

15:22 - Challenges with Data Analytics

17:22 - Utilizing Digital Twins for Supply Chain Solutions

21:29 - Evolution of Digital Twin Technology

26:56 - Impact of Operational Focus on Innovation

29:43 - Closing Thoughts

Expeditors | LinkedIn | X | Facebook | Instagram | Horizon Blog

This episode dives into the abstract as Vice President of Strategy & Innovation Pat St. Laurent discusses his observations of the supply chain industry and how taking a systems thinking approach could bring new levels of communication, collaboration, and optimization within a supply chain and with everyone involved.

2:02 - What is systems thinking?

5:31 - The challenges of adopting systems thinking

9:23 - "How did we get here in the first place?"

13:39 - Does systems thinking ask for too much?

18:07 - Successful implementation

19:56 - Cultural change

21:33 - Working with partners

26:48 - Closing thoughts

Guest: Pat St. Laurent - Vice President, Strategy & Innovation

Materials:

"Systems Thinking Speech by Dr. Russell Ackoff" YouTube video

The Fifth Discipline: The Art & Practice of the Learning Organization

Expeditors | LinkedIn | Twitter | Facebook | Instagram | Horizon Blog

The year is coming to a close and we're taking a break to gear up for 2024. In the meantime, you can check out some interesting and popular links in our Horizon Blog and the podcast series itself. If you'd like to leave some feedback, you can always reach out to Chris at [email protected]. Thank you for your support and we'll see you next year!

Top 5 Horizon Blog Articles

2023 Global Outlook - A Year of Transitions

German Maut Changes: When and What to Expect

Ground Network Services in North America [VIDEO]

How to Negotiate Ocean Carrier Contracts

Storage Costs and Warehousing Trends

Top 3 Expeditors Podcast Episodes

Episode 44 | Perspective: Globalization in 2023

Episode 43 | Sustainability: Emissions & Carbon Footprint Data

Episode 47 | Luxury Goods: French Fashion Freight

Expeditors | LinkedIn | Twitter | Facebook | Instagram | Horizon Blog

On November 11th of this year, the United States will observe and recognize the service of men and women in the military. In this episode, Lenora Turner and Ted Lucas from the Opportunity Knocks program at Expeditors discuss the value veterans bring to the civilian workforce and things for companies to keep in mind when building programs designed to seek out veterans and create opportunities with lasting impact.

:47 - Expeditors' Opportunity Knocks Veterans Program

7:38 - Qualities that come with service

10:33 - Handling higher stakes and stress

14:53 - Examples of success

18:25 - Making an inclusive workspace

21:57 - Support for veterans

24:54 - For those looking for a new career

29:11 - Veterans supporting each other

31:34 - Resources

33:36 - Closing thoughts

Guest: Lenora Turner - Director, Opportunity Knocks

Ted Lucas - Program Coordinator, Opportunity Knocks Veterans

Expeditors | LinkedIn | Twitter | Facebook | Instagram | Horizon Blog