U.S. Imports of Metal Spring Washers Up 20% to $8.2M in May 2023

U.S. Metal Spring Washer Imports For the third month in a row, the United States recorded growth in supplies from abroad of iron or steel spring washers, which increased by 5.4% to 826 tons in May 2023. In general, imports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded …

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The Shifting US-China Trade Landscape 

In the wake of pandemic-driven supply chain disruptions, U.S. trade flows are realigning, shifting away from overreliance on China as American companies move to diversify sourcing channels to mitigate risk. During the pandemic, U.S. firms experienced firsthand the disastrous effects of concentrating their supply chains in one geographic area or with single suppliers. While the …

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U.S. Economic Slowdown Likely Ahead as Monetary Policy Actions.

The labor market remains relatively tight, but the situation has improved significantly as female and non-native workers have stormed back into the work force. The labor force participation rate for women between the ages of 25-54 now stands at an all-time high, up more than 4 percentage points from the low in April 2020. Foreign-born …

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Redwood Logistics Acquires Rockfarm Supply Chain Solutions, Fortifying Redwood’s Modern 4PL Services

Redwood Logistics (Redwood), one of the fastest-growing supply chain orchestration and logistics execution companies in North America, today announced the company has acquired Rockfarm Supply Chain Solutions and Global Distribution and Logistics (collectively referred to as “Rockfarm”). The acquisition fortifies Redwood’s modern 4PL services, supplementing its growing tech-enabled managed services and cementing its position as a market leader for …

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U.S. Motorcycle and Scooter Import Plummets 11%, Averaging $236M in May 2023

U.S. Motorcycle And Scooter Imports In May 2023, supplies from abroad of motorcycles and scooters decreased by -7.6% to 49K units for the first time since February 2023, thus ending a two-month rising trend. Over the period under review, imports recorded a slight reduction. The most prominent rate of growth was recorded in October 2022 …

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U.S. Video Game Console Import Bottoms at $480M in May 2023

U.S. Video Game Console Imports In May 2023, approximately 4M units of video game consoles (not operated by means of payments) were imported into the United States; approximately reflecting the previous month. In general, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in August 2022 when imports increased …

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U.S. Unvulcanized Rubber Export Skyrocket to $113M in May 2023

U.S. Unvulcanized Rubber Exports In May 2023, unvulcanized rubber exports from the United States amounted to 26K tons, picking up by 14% compared with April 2023. In general, exports, however, saw a relatively flat trend pattern. In value terms, unvulcanized rubber exports rose notably to $113M (IndexBox estimates) in May 2023. Over the period under …

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A Comprehensive Guide for Successfully Entering the European Union Market with Frozen Fish

Entering the European Union (EU) market with frozen fish products requires careful planning, market research, and understanding of the regulatory framework. This guide provides valuable information, official data sources, and assistance from authorities to help you develop a successful market entry strategy. Understanding the European Union Market The EU is one of the largest consumers …

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Average Demurrage and Detention Charges Witness a 25% Dip Globally in 2023; 7 U.S. Ports Rank Highest

Average Demurrage and Detention charges experience a year-on-year decline of 25% in 2023, with a significant 14% decrease compared to the rates in 2020, as found by Container xChange’s annual Demurrage and Detention Charges benchmark report 2023. However, there are still 11 ports where Demurrage and Detention fees remain higher as compared to 2020. These …

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TriumphPay and Trax Technologies Partner, Reducing the Fraud Risks for Transportation Payments  

TriumphPay invests $9.7 million in Trax and former Trax President Josh Bouk joins TriumphPay as executive vice president, chief partnership officer. Trax Technologies (Trax), the global leader in Transportation Spend Management (TSM) solutions, partnered with TriumphPay, enabling Trax to offer enhanced payment solutions as part of its transportation spend management platform, while integrating with the TriumphPay payments network. …