Recent News
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.
Read MoreMarket 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
Read MoreMarket 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.
Read MorePegasus to Attend 52nd NCBFAA Annual Conference
Join us at NCBFAA Annual Conference 2025 April 6-9
Read MoreMarket Update Q1 2025: No.15
Steel and Aluminum Tariffs: What you need to know to prepare. We'll help you plan
Read MoreMarket 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.
Read MoreMarket 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)
Read MoreMarket 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
Read MoreMarket 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.
Read MoreMarket 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
Read MoreMarket Update Q3 2024: No.7
Capacity Crunch. Carrier halt bookings from India to Europe. Peak Season Surges. ILA Talks
Read MoreMarket Update Q2 2024: No.6
More of the same with the main events being even more service disruption from more ports and large increases for July. The only question on anyone's mind seems to be "when will this end?"
Read MoreMarket Update Q2 2024: No.5
More wrinkles will shape June - please note the attached announcements in terms of potential July increases as well. We are facing multiple challenges to get things done properly so we appreciate your patience and support. Details below!
Read MoreMarket Update Q2 2024: No.4
"If it was easy everyone would do it" - waves of adversity continue to arrive and seems the entire year has had one thing or another to manage through (Red Sea etc.). On that note, thanks to everyone for collaborating with us through the chaos and we know you are all having to work extra hard just like we are......Just don't forget that working together we will be better able to manage the cargo and crap. We are here for you so do not hesitate to reach out even just for a chat.
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