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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Shifting trade, evolving routes and advancing technology reshape this week’s freight market.
Current Critical Industry Trends
Tensions in the Strait of Hormuz continue as Iran warns vessel charterers to follow its restrictions, while negotiations over the waterway remain unresolved.
The U.S. began banning nearly $1 billion in Canadian imports Tuesday, adding new restrictions to an already strained North American Trade relationship.
Ocean
Iran’s southern ports are cut off from the rest of the country due to U.S. naval blockade, causing road routes across land borders to experience intense strain.
Ports
Shippers are turning to port-to-inland routes to diversify freight flows, reduce long-haul trucking and limit exposure to congested ocean corridors.
The Panama Canal is increasing daily capacity to 33 vessel slots and restoring deeper drat limits as water conditions improve, easing restrictions at a key global trade route.
International
U.S. port fees related to China-linked and China-build vessels remain scheduled to resume November 10, despite the extension of the broader U.S.-China trade truce through January 2027.
LNG Canada plans to double export capacity at its British Columbia terminal, expanding Canada’s access to overseas energy markets and adding another loading berth.
Trucking
Georgia suspended its diesel excise tax for 30 days and temporarily relaxed commercial vehicle weight restrictions as elevated fuel prices increase trucking costs.
Ontario has begun widening another section of the Trans-Canada Highway while expanding truck inspection operations to 24/7, strengthening a key corridor between Thunder Bay and Nipigon.
Rail
A new rail services is connecting Swedish timber exports to the Port of Gothenburg, with return trips offering capacity for inbound freight are expanding freight.
Air
Airbus’ A350 freighter has completed its maiden flight, beginning a flight-test campaign ahead of certification for the next-generation cargo aircraft.
Asia Pacific air cargo demand growth is slowing as lower e-commerce parcel volumes are partly offset by continued demand for AI-related goods.
Technology
Cathay Cargo is introducing AI-assisted screening to identify potential trade-control and permit requirements earlier in the shipment process.
Other
A new “Health of the U.S. Supply Chain” report uses data from millions of truck movements to track changes in freight activity and shifting demand across the country.