Radiant's Freight Market Update

This week: U.S. and European Union have reached a trade agreement; Trucking groups are at odds over driver shortages in the U.S.; Port of NEOM has reduced transit times across Middle East by half.

Current Critical Industry Trends

The U.S. and European Union have reached a trade framework establishing a 15% tariff on most goods, avoiding steeper import duties that had loomed. The agreement brings temporary stability for transatlantic trade, particularly in vehicles, semiconductors, and pharma. While key details remain unsettled, both sides indicated work will continue on zero-tariff categories and implementation.

Trucking groups are at odds over driver shortages in the U.S. Under debate are the causes behind the industry’s ongoing struggles with hiring and retention. Others question whether a shortage exists at all.

A new executive order from President Trump moves up the end date for the de minimis exemption to August 29. The order suspends the exemption for all commercial shipments globally, creating major impacts for both consumers and retailers. This action replaces the phased plan previously set by Congress earlier this year.

Ocean

Chinese carrier plans to launch a China–Northern Europe service via Russia’s Northern Sea Route in September 2025. The Arctic route cuts transit time nearly in half, offering faster shipments for goods like electronics. However, the route’s seasonal window is limited and depends on Russian icebreaker support.

The Bahamas Maritime Authority is boosting its global position through partnerships with China and Greece. A key agreement with China offers Bahamas-flagged vessels discounts and faster customs, easing port operations. Engagements in Greece further strengthen ties with shipowners and industry leaders.

Ports

Guyana is rolling out sweeping port reforms to boost efficiency and support growing trade. The government is updating port regulations and creating a new Port Authority to improve management. Major infrastructure projects include a $285 million deep-water port in Berbice and dredging in Georgetown to handle larger vessels.

International

The Global Ro-Ro Community has released standardized guidelines to calculate greenhouse gas emissions. Developed with the Smart Freight Centre, these guidelines follow international standards to help shippers accurately measure their carbon footprint. This effort supports greater transparency and advances decarbonization in maritime logistics.

The Port of NEOM has reduced transit times across Egypt, Saudi Arabia, and Iraq by half. The improvement enhances regional trade efficiency and streamlines cross-border logistics. It also supports NEOM’s goal to become a major logistics hub in the Middle East.

Trucking

Canada Border Services Agency outage sparks renewed call for tech modernization. Extended delays at the U.S.-Canada border disrupted supply chains. Trucking groups urge Ottawa to invest in stable and secure IT systems.

Rail

Major U.S. rail merger reshapes the freight landscape. The $85 billion deal aims to unlock faster routes and eliminate network delays. Over 52,000 miles of rail will now serve 43 states under one unified system.

Air

Swissport expands air cargo presence with Auckland launch. The new cargo center enhances speed, security, and efficiency for freight customers. It also supports New Zealand’s strong export market for perishables.

Cathay Cargo sees strong lift on Asia–Americas lanes. A surge in Southeast Asia and Taiwan exports fueled over 130,000 tonnes moved in June. The airline was also named Airline of the Year – Asia for cargo excellence in 2025.

Technology

U.S. ports gear up with tech as maritime safety market surges. The sector is on track to hit $16.6 billion by 2033, powered by cybersecurity rules and AI-led risk mitigation. From real-time monitoring to autonomous vessel protocols, digital transformation is full steam ahead.

Other

Sustainable packaging goals give way to new regulations. By 2028, 75% of companies are expected to rely on government rules instead of voluntary commitments. Firms are now racing to meet extended producer responsibility requirements to avoid rising fees and market barriers.

Alberta targets rural infrastructure to drive economic growth. With 51 projects underway, the province is investing in roads, rail, and airfield connectivity. These enhancements support the efficient movement of goods and boost agrifood processing potential.

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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.