Current Position | Weekly Briefing September 23rd - September 29th

Market HighlightsChina, US agree to tariff cuts on $60 billion of goods including agriculture, household itemsEU customs overhaul will create single freight data hub | trans.infoContainer Rates Edge Lower Ahead of Golden Week as Suez Traffic ReturnsTHAICargoWeekly Air Cargo Trends – September 14 to 20, 2026China-Europe road freight grows as trucks top 3,700 | trans.infoTrump backs diesel export ban as UK supply risks grow | trans.infoArticles of InterestNew limits: More ships can transit this key cargo chokepoint - FreightWavesNo mention of U.S.-China ship taxes in trade truce - FreightWavesAirbus flies A350F freighter in challenge to BoeingContainer Rates Edge Lower Ahead of Golden Week as Suez Traffic ReturnsEU customs overhaul will create single freight data hub | trans.infoWeekly Air Cargo Trends – September 7 to 13, 2026Trump backs diesel export ban as UK supply risks grow | trans.infoPort Authority of New York and New Jersey eliminates more than 7.5 million miles of truck travel by using bargesSavannah’s Ocean Terminal renovations 60 percent completeMaersk investment arm buys majority stake in Euroports | trans.infoEventsOct. 1 - Denied Party Screening: Preparing for Whatever Comes NextOct. 8 - Incoterms 2020 Essentials: Managing Risk, Cost, and ComplianceExpeditors Securities and Exchange Commission Filings

Market HighlightsEU steel imports: new ‘melt and pour’ evidence requirements from 1 October 2026Canada says Philippines, ASEAN trade talks 90% complete, eyes November finishContainer Shipping Returns to Suez Despite Rising Red Sea RisksAsia-US container rates soar past $11,000, near pandemic records - FreightWavesChinese port investment: growth meets EU security scrutiny | trans.infoWeekly Air Cargo Trends – September 7 to 13, 2026U.S. emissions rollback on Boeing 777 freighter helps air logistics - FreightWavesRecord-low Rhine levels choke barge traffic, stress ground transport - FreightWavesOne Hour Less Port Waiting Could Unlock 400 Million Euros | trans.infoArticles of InterestShipping’s New Normal: Slower Trade, Higher Costs, Bigger ProfitsChinese port investment: growth meets EU security scrutiny | trans.infoReturn to Suez routing reduces India-Savannah transit timesPIL expands Intra-Asia network with two new services linking China, Indonesia and MalaysiaXeneta weekly ocean container shipping market update September 18, 2026One in Ten Inspected Cargo Units Found With Safety DeficienciesBenchmark diesel sets new record; futures signaling relief? - FreightWavesGermany becomes hub for Europe’s hydrogen truck rollout | trans.infoEventsSept. 22 – U.S. Customs Market UpdateOct. 1 - Denied Party Screening: Preparing for Whatever Comes NextOct.8 - Incoterms 2020 Essentials: Managing Risk, Cost, and ComplianceExpeditors Securities and Exchange Commission Filings

Market HighlightsCompanies left China to dodge tariffs. Now some are heading backTyphoon-related port congestion keeps intra-Asia rates high and capacity tight - The LoadstarCargo Shipping Costs Rise as Rhine Water Levels Drop AgainU.S. Container Imports Defy Expectations as Peak Season Stretches Into SeptemberTreasury Grounds Iranian Airlines with Sweeping Sanctions Action | U.S. Department of the TreasuryWeekly Air Cargo Trends – August 31 to September 6, 2026Maersk raises emergency road surcharge to 20% | trans.infoEU gives nine countries more time to implement EES checks | trans.infoArticles of InterestCBP Provides Guidance on Modified Section 338 Duties on CanadaSamsung Hits CMA CGM With $186 Million Shipping ComplaintUK port freight falls as oil decline offsets containers | trans.infoAir China Cargo launches new weekly service from Ürümqi Tianshan to Glasgow PrestwickDOE/EIA price at record as diesel surge shows no sign of retreat - FreightWavesChina to Gdynia in 26–28 Days: Arctic Route | trans.infoUK rail freight hub could generate 395 HGV movements an hour | trans.infoToyota and Scania test hydrogen fuel-cell trucks | trans.infoCarney, locked in US trade war, pitches Canada to global investment titansEventsSept. 16 - Mission Critical: AOGs in Aviation & AerospaceSept. 22 – U.S. Customs Market UpdateOct. 1 - Denied Party Screening: Preparing for Whatever Comes NextExpeditors Securities and Exchange Commission Filings

Market HighlightsCBP Updates Guidance on Entry Summary Ordering for Multiple HTS ClassificationsAmended Customs regulations take effect on 10 September 2026Berthing delay at congested Shanghai and Ningbo now hitting 10 days - The LoadstarPort delays swallow 1.7m TEU as European congestion bites | trans.infoChinese Container Liners Head for Profit Jump as Rates SurgeWorldACD weekly air cargo trends (week 34) - 2026Navi Mumbai Int'l Airport welcomes first foreign freighter cargo - The Economic TimesTransportation capacity contraction slows in August - FreightWavesEuropean transport changes coming in September 2026 | trans.infoArticles of InterestCanada excludes US seafood from retaliatory tariffsBorder Patrol sweep in Arizona arrests 143, including 95 truck drivers with CDLs in U.S. illegally - FreightWavesHonda says it may not build new plant in North America without trade deal extensionMiddle East crisis hits freight with diesel and capacity squeeze | trans.infoGermany plans 1,725 more truck parking spaces | trans.infoCalifornia police investigate $70K beer cargo theft after fraudulent pickups - FreightWavesEventsSept. 3 - Canada's New Counter-Tariffs: Preparing for the ImpactSept. 16 - Mission Critical: AOGs in Aviation & AerospaceSept. 22 – U.S. Customs Market UpdateExpeditors Securities and Exchange Commission Filings

Market HighlightsTrump Administration Launches Sweeping New Iran Sanctions Campaign Targeting Shipping and Oil TradeIran and Oman Unveil Framework for Future Management of Strait of HormuzCBP Issues Guidance for Section 338 Tariffs on CanadaCanada announces retaliatory tariffs on $20 billion worth of US goods, unveils support measuresCMA CGM | INTERMODAL | Inland Emergency FeeRhine Water Rises Sharply After Rain, Ships Able to Load More CargoPanama Canal new capacity cuts put US ports on notice - FreightWavesNew EU customs rules for low-value imports reshaping traffic flowsBREAKING: States score win in fight over federal access to CDL driver database - FreightWavesGermany roadworks: economic impact to guide repairs | trans.infoDutch truck toll to jump by over 30% in January | trans.infoArticles of InterestNew return: Another container line is back in the Red Sea - FreightWavesMalacca Strait States Will Keep Waters ‘Free, Open and Safe’Brazil puts Hapag-Lloyd–ZIM deal on the clock | trans.infoCommodity Vessel Transits Through Strait of Hormuz Hit Three-Month Low, Data ShowsChina, Indonesia agree to boost military ties, work closer on minerals, energy and techDFDS freight volumes fall 3.2% as Channel market weakens | trans.infoPort of Montreal Contrecoeur expansion project reaches major milestone with the start of in-water construction workTurkey Braces For Potential Gas Squeeze as U.S. Targets Iran TradeEventsSept. 1 – Breaking Down the U.S. Customs Enforcement Executive Order (Asia)Sept. 2 – Breaking Down the U.S. Customs Enforcement Executive Order (Europe)

In this week's episode of The Expeditors Podcast, titled "Current Position | Weekly Briefing August 12th - 18th," I delve into the latest developments affecting global trade and supply chains. From the U.S. government's push for AI-driven customs enforcement to the UK’s transition of customs checks at Dover, I cover significant regulatory changes. I also explore the rising container rates amidst ongoing disruptions, including low water levels impacting the Rhine River, which are causing congestion and increased costs in Europe. Join me as I provide insights from our Senior Vice President of Global Ocean, Adam Cord, on navigating these challenges and planning for future logistics strategies. Tune in to stay informed and ahead in the dynamic world of global supply chain management.

Market HighlightsUS refunds $100 billion in tariffs struck down by Supreme Court, filing shows | AJOT.COMBrazil Announces Efforts for Economic Agreements with China and South KoreaGemini Cooperation expands return to Suez Canal | trans.infoAsia-US East Coast box rate hits new high of $9,400 - FreightWavesEuropean air cargo demand continues to fall following EU’s stricter import rules - Air Cargo NewsWorldACD Weekly Air Cargo Trends 2026 - week 31 - WorldACDMexico plans major expansion of busiest cross-border truck crossing - FreightWavesArticles of InterestSingapore says exports worth $7.4 billion affected by new U.S. tariffs | AJOT.COMDiesel theft wave hits Italian hauliers | trans.infoWhite House Announces Section 232 Tariffs on Polysilicon and Derivative ProductsBritish hauliers move more freight with fewer empty runs | trans.infoAfter sidelining 26,000 truck drivers, FMCSA seeks to lock in English rules - FreightWavesCanadian province removes 20 unsafe trucking companies from roadways - FreightWavesTrump extends Jones Act waiver; direct effect “pennies per gallon,” say analysts - FreightWavesUpcoming EventsAug. 19 – Incoterms Basics 2020Aug. 25 – U.S. Customs & Trade Update for Japanese CompaniesAug. 26 – Breaking Down the Customs Enforcement Executive OrderSept. 2 – Breaking Down the U.S. Customs Enforcement Executive Order (Europe)

Market HighlightsEU packaging rules are changing: what importers need in place by August 2026 | trans.infoCBP Deploys Entry Type 13 Test and ResourcesCarrier Discounts Push Container Spot Rates Lower Ahead of August GRIsOcean Market MonitorWorldACD Weekly Air Cargo Trends 2026 - week 30 - WorldACDTrucking coalition says 194,000 non-domiciled CDLs affected by carrier reforms - FreightWavesFrance relaxes driving-time rules for wildfire transport | trans.infoArticles of InterestU.S. and Jordan Sign Agreement on Reciprocal TradePort Authority of New York and New Jersey reports facility volumes for first half of 2026Strong finish: Ocean Network Express lifts full-year profit outlook to ~$900MAs diesel futures plummet, DOE/EIA benchmark rises a 4th straight week to $5.348/galContainer spot rates fall as capacity growth pressures freight ratesChapman Freeborn launches in-house ICS2 declaration service for EU-bound cargoChinese state traders make large U.S. soybean purchases; USDA confirms ~488k tonsEventsAug. 13 – U.S. Customs Market UpdateAug. 19 – Incoterms Basics 2020Aug. 25 – U.S. Customs & Trade Update for Japanese CompaniesAug. 26 – Breaking Down the Customs Enforcement Executive Order

Market Highlights:Importers sue over forced labor tariffs on 60 economies - FreightWavesOffice of Public Affairs | Trade Fraud Task Force Surpasses $1 Billion in Recoveries and Charged Losses in Less Than One Year | United States Department of JusticeTraders Seek Measured Approach on Customs Enforcement | Sandler, Travis & Rosenberg, P.A.War sends Asia-US ocean rates soaring 234% since February - FreightWavesNew test program puts nuclear container ships on the horizon - FreightWavesShipbuilders could see billions of dollars from defense spending bill - FreightWavesRates continue to fall but still up on last year - Air Cargo NewsTariff transition tests supply-chain visibility as Section 301 takes effect - Air Cargo WeekHong Kong to Europe volumes slump as new EU rules kick in - Air Cargo WeekBrokers rethink carrier selection process after court decisions - Truck NewsECONOMIC TRUCKING TRENDS: Trucking supply and demand align in June, but spot rates continue July pullback - Truck NewsU.S.-Canada bridge opens in Detroit as trade disputes test tiesArticles of Interest:USTR Announces Forced Labor Enforcement Section 301 TariffsBenchmark price is up, futures down, diesel on its ownGeopolitics helps CMA CGM shipping profit soar 42%Events:July 29 – 2026 Mid-Year Outlook - presented by Onyx (Americas)July 30 – 2026 Mid-Year Outlook - presented by Onyx (Europe)July 30 – 2026 Mid-Year Outlook - presented by Onyx (Asia)August 13 – U.S. Customs Market Update

Market Highlights:EU Commission Issues New Tariff MeasuresContainer ship attacked in Strait of Hormuz as Iran widens war - FreightWavesTrump Reinstates Iran Blockade, Declares U.S. 'Guardian of Hormuz,' And Calls for 20% Cargo FeeIran conflict drives up Asia-US container rate by 276% - FreightWavesHong Kong-Europe air cargo volumes plummet - Air Cargo NewsRussia, Strait of Hormuz combining to drive diesel higher after declines - FreightWavesArticles of Interest:Ships turn back as Iran restricts Strait of Hormuz traffic | trans.info2M+ import containers to set new record, say retailers - FreightWavesOFAC Revokes Iran General LicenseCanada trade gets lifeline as Gordie Howe bridge set to open - FreightWavesFreighter trial flights take place at soon-to-open Western Sydney - Air Cargo NewsIndiana State Police recover 12 stolen truckloads worth more than $11 million - FreightWavesSavannah opens last piece in project to ease port truck traffic - FreightWavesSection 232 Aerospace Investigation Results in No TariffsDP World plans UAE port, container terminal to bypass Strait of Hormuz: Report - FreightWavesBelgium plans €100 road vignette for vans from May 2027 | trans.infoChicago Rockford International Airport marks groundbreaking of 334,800-square-foot Hillwood logistics development | AJOT.COMEvents:July 21 - Incoterms 101July 29 - 2026 Mid-Year Outlook -presented by Onyx(Americas)July 30 - 2026 Mid-Year Outlook -presented by Onyx (Europe)July 30 - 2026 Mid-Year Outlook -presented by Onyx (Asia)