Radiant's Freight Market Update

This week: Jet fuel shortage risk builds; Canada introduces fuel tax relief; Oil demand drop reshapes energy markets.

Current Critical Industry Trends

Jet fuel shortages are emerging as a risk for European airports. Ongoing disruptions in the Strait of Hormuz, combined with rising demand, could significantly constrain air cargo capacity across the European Union, leading to delays and tighter space for shipments.

Prime Minister Mark Carney announced a temporary fuel tax break beginning April 20. The 10 cent per liter savings is expected to ease operating costs for carriers and shippers, and provide near-term relief at the pump.

Ocean

U.S. naval blockades at Iranian ports are adding new strain to global shipping flows. Carriers and world leaders are raising concerns as the ongoing conflict disrupts the oil market and increases uncertainty, with potential ripple effects across capacity and routing.

Ports

The Port of Montreal has broken ground on a long-awaited container terminal. The project is expected to expand capacity by 60% and strengthen trade diversification, particularly across Asian markets.

International

A record drop in global oil demand is reshaping energy markets. Falling by 10.1 million barrels per day, the International Energy Agency warns that continued Middle East conflict could drive further disruptions in the months ahead.

Trucking

Ontario has added 150 new truck parking spaces along Highway 401. The newly opened Woodstock Travel Stop offers amenities including showers, laundry, and a movie theater, helping improve driver experience and address ongoing parking shortages.

Rail

Three Arkansas railroads are coming under new ownership, with operations set to begin June 1. The acquisition strengthens connections to major carriers and supports continued growth in regional industrial markets.

Air

Air cargo activity remains strong, with Hong Kong International Airport retaining its position as the world’s top cargo hub. Anchorage International Airport climbed to third, reflecting 40% growth since 2019 and underscoring the strength of Asia-North America trade lanes.

Other

Packaging supply chains remain under pressure following ongoing tariff changes and geopolitical disruption. New tariff adjustments alongside the Iran conflict continue to strain global CPG supply chains and reinforce underlying market fragility.

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The Radiant Network's supply chain and logistics updates provide valuable insights on freight trends, customs regulations, global news, economics, tech, and more. The Radiant Network includes the brands Radiant World Trade Services, Radiant Global Logistics, Radiant Canada, Radiant Road & Rail, Adcom, Airgroup, SBA, and Distribution By Air.

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Radiant World Trade Services is a part of Radiant Logistics, Inc. (NYSE American: RLGT), a publicly traded third-party logistics company that provides technology-enabled global transportation and value-added logistics solutions to a diverse account base. They offer comprehensive services including freight forwarding, truck and rail brokerage, warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. Radiant has an extensive network of offices throughout North America and other key markets worldwide.