Recent News

MEMO II

Updates on Tariffs as of April 10th from CBP

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Tariff Memo from CBP

CBP provided an update regarding Exception to the Reciprocal Tariffs for shipments that loaded on vessel prior to April 5th 12:01am EDT and are in transit. The update states that the exemption will only apply to these shipments if the shipment is arriving AND released BEFORE May 27th, 2025 12:01 EDT.

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Memo: CBP

Tariff Update from CBP. Information as of April 4, 2025

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Pegasus Market Update Q2 2025: No.18

Below is a quick recap of our interpretation of the Reciprocal Tariffs that were announced yesterday, April 2, 2025. We will provide you with more information once receive from CBP.

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Market Update Q2 2025: No.17

Today is "Liberation Day" AKA the day all the tariffs go into effect, even though it's a Wednesday, it is an appropriate day for a market update: Attached is the current tariff announcement in terms of amount by country - any country not mentioned is now a 10% increase, but it is an ever-changing landscape, and we don't have information yet on tariff stacking which is the real question for China and a few others

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Market Update Q1 2025: No.16

March 23 and April 1 increases: For most of March, vessels have not been full and import demand/volume has not been strong for various reasons. Not the least of these are the tariff implications, and I'm sure everyone has heard plenty about them at this point.

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Pegasus to Attend 52nd NCBFAA Annual Conference

Join us at NCBFAA Annual Conference 2025 April 6-9

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Market Update Q1 2025: No.15

Steel and Aluminum Tariffs: What you need to know to prepare. We'll help you plan

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Market Update Q1 2025: No.14

Here’s a quick market update today for you all to give you a little bit of insight into the upcoming tariff applications, capacity and vessel schedule changes along with some rate forecasting.

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Market Update Q4 2024: No.13

2025 - at least the first quarter of 2025 is shaping up to be nothing but absolute chaos, so it is important you get your rest - you're going to need it. As expected, the back half of December is rife with rate increases, and so is January - carriers in my opinion are front-loading these increases in anticipation of the chaos that is slated to happen (see below)

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Market Update Q4 2024: No.12

Transpacific Market Rates and Updates, Carrier schedule changes/Blank sailing. Canada West Coast Labour Update - Vancouver/ Prince Rupert - Strike Activity Commences

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Market Update Q3 2024: No.11

ILA issued a statement that they will update the public and media on any new developments today at 11 am.

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Market Update Q3 2024: No.10

Potential ILA Strike impacting the East Coast Ports

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Market Update Q3 2024: No.9

MSC rates. Canada Rail. Ningbo Explosion affects

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Market Update Q3 2024: No.8

Rate Increases. MSC introduces Trans-Pacific services. Cosco Increases Slot Space. Canadian Rail Freight Diverted to US amid Labour Uncertainty

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Market Update Q3 2024: No.7

Capacity Crunch. Carrier halt bookings from India to Europe. Peak Season Surges. ILA Talks

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