Radiant's Freight Market Update
Stay up-to-date on the latest global supply chain and logistics news with Radiant's weekly updates.
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This week: Mexican government will enforce new customs regulations for e-commerce imports; Trans-Pacific container rates are on the rise as 2025 begins; Holiday spending surges by 3.8% despite inflationary pressures.
Current Critical Industry Trends
The Mexican government will enforce new customs regulations for e-commerce imports starting in January. Aimed at combating tax fraud and smuggling, the new rules will require more detailed documentation
for goods such as electronics, clothing, and toys.
Ocean
Trans-Pacific container rates are on the rise as 2025 begins. The increase is fueled by strong demand and tariff-related frontloading. Shippers can expect continued pressure on prices, especially on key shipping lanes with tight capacity.
Ports
Massive waves from a deadly storm are battering Peru, Chile, and Ecuador, with the storm expected to last until at least January 4. The storm has forced the closure of around 100 ports, and video footage shows waves reaching heights of up to 13 feet (4 meters).
International
China has implemented changes to its import tariffs, effective January 1. Most-Favored-Nation (MFN) rates will be reduced for over 900 items, aligning with the country's focus on promoting green and low-carbon development.
Trucking
Canadian truckers faced a challenging year in 2024. With the year now behind us, let's take a look at the top headlines. What predictions do you have for the trucking industry in 2025?
The New York trucking industry remains committed to challenging the Congestion Pricing Plan.
A recent ruling by New York District Judge Liman dismissed the motion for an injunction. Despite this setback, the Trucking Association of New York has vowed to pursue the legal battle as far as necessary.
Rail
New automated device revolutionizes train wheel maintenance. Central Japan Railway introduces a laser-based wheel shape monitor to enhance precision and reduce reprofiling frequency. Set to debut on the Shinkansen route in 2025, the device ensures better ride quality and lower maintenance costs.
Air
Navigating 2025 with supply chain challenges and emerging trends. Air cargo labor shortages and U.S.-China trade tensions dominate 2025's supply chain landscape, with skilled talent gaps and AI implementation shaping industry strategies.
Technology
Automated Guided Vehicles are shaping the future of smart logistics. The AGV market is projected to grow from $3.82 billion in 2023 to over $7.97 billion by 2031, driven by AI-powered navigation, interconnectivity, and sustainability. These innovations are transforming warehouses and supply chains globally.
Other
New federal recommendations target Canada’s supply chain efficiency and global trade growth. Highlights include short sea shipping, improved port digitization, and streamlined border processes. The plan seeks to support Canadian exporters and address labor and environmental concerns.
Holiday spending surges by 3.8% despite inflationary pressures. Online sales soared 6.7%, while in-person shopping rose 2.9% during a shorter holiday season. Key sectors like clothing, electronics, and restaurants drove growth, reflecting resilient consumer demand.
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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.