Radiant's Freight Market Update: March 13, 2025
This week: EU launches sweeping tariffs in response to U.S. trade measures; Tensions rise as Houthis threaten to resume attacks on merchant ships; Trucking industry rebounds but specialized markets face uncertainty.
Current Critical Industry Trends
EU launches sweeping tariffs in response to U.S. trade measures. The EU has announced countermeasures on $28 billion of U.S. goods as it reacts to increased tariffs on steel and aluminum. De minimis exemptions for Canada and Mexico hold for now, but threats of 200% tariffs on European wine and champagne add to the tension, fueling concerns over rising costs and supply chain disruptions.
Tensions rise as Houthis threaten to resume attacks on merchant ships. After a four-day deadline expired, Houthis declared a ban on Israeli vessels in the Red Sea, Arabian Sea, and Bab al-Mandab Strait. Over 100 ships were targeted between late 2023 and 2024. Shipping companies are now reassessing risks and security protocols. The situation remains volatile as Israel maintains its aid blockade.
Ocean
Germany’s Port and Canal strikes set to disrupt trade. A three-day strike will shut down the Kiel Canal, impacting short-sea shipping and delaying cargo at the Port of Hamburg. One in three containers passing through Hamburg rely on this key waterway.
Container spot rates swing as carriers rely on blank sailings. Global shipping faces volatility, with transpacific rates dropping 26.57% in February. Asia-Europe rates have fallen nearly 50% since January, while blank sailings surge by 449% to stabilize capacity and pricing.
Ports
New York-New Jersey port sees January growth amid import surge. Container volumes hit 720,283 TEUs, marking the port’s third-highest January ever. Loaded imports climbed 10.3%, continuing the momentum from 2024’s strong demand.
International
China pushes back against U.S. port fees on Chinese-built ships. With 37.8% of the global containership fleet built in China, new U.S. fees could raise shipping costs and disrupt supply chains. A public hearing is set for March 24.
Trucking
Trucking industry rebounds but specialized markets face uncertainty. Seasonal demand swings continue to shape freight trends. Reefer volumes dropped 8.31% from January to February, while tanker markets saw a 36.4% summer peak.
Rail
Breaking barriers, women steer rail freight into the future. A female-led freight train showcased women’s growing influence in logistics. Network Rail highlights that over 33% of management roles are now filled by women.
Air
Hactl strengthens global connectivity with Hungary airlines partnership. New Budapest-Hong Kong cargo service boosts trade between Greater China and the EU. Plans for expansion into the USA and Middle East are already in motion.
Technology
Greenlane expands EV charging network with smart tech integration. The Colton facility will offer seamless fleet management and real-time charger reservations. A $26M investment fuels rapid expansion along I-15.
Other
Captain arrested after North Sea collision sparks investigation. The Solong containership collided with the Stena Immaculate tanker, rupturing a fuel tank and causing a fire. One crew member is missing, and pollution concerns rise.
_____________________________________
Want more like this? We've got you covered. Subscribe today!
As always, Radiant’s team is here to help. Our expert teams are ready to answer any questions you may have or give advice for managing the current logistics environment. Additionally, if you need help moving freight or gaining visibility and control over your supply chain, we’d happily discuss what Radiant can do for you. Contact us!