Contents
Delivering Global Trade and Logistics Intelligence. Since 1827. August 4, 2025 • Vol 26 • Issue 8
COLUMNS
4 Canada awakened By Mark Szakonyi
34‘ Borrowed’ growth By Larry Gross
52 Hurry up and wait By Lars Jensen
54 The original disruptors By Peter Tirschwell
EVERY ISSUE
6 Spotlight 50 By the Numbers 53 Classifieds
ADVERTORIALS 36 Foreign Trade Zones
10
Cover Story Heavy turbulence
Trans-Pacific air shippers are buckling up for a bumpy second half
Replacement demand
A US tariff deal is lifting high-flying Vietnam air cargo demand
SPECIAL REPORTS
18 Top 50 Global Container Ports Rallying cry
Global dockworker unions are planning an anti-automation gathering in Lisbon
Pressure point
Strong volumes and a space crunch are keeping Antwerp’ s terminals under‘ heavy strain’
Return of the Macq
Macquarie is looking to keep its NY-NJ terminal amid talks over a new lease
Filling a gap
ITS is boosting the capacity of its Long Beach terminal by about 50 %
DEPARTMENTS
16 International Maritime Hazardous conditions
Falling rates and increased costs threaten US drayage operators
Vanishing hope
New Houthi attacks have likely nixed any chance of a Red Sea return in 2025
28 Government A matter of definition
Trump’ s Vietnam transshipment tariff has left the US trade community puzzled
Relay rules
Shipper groups are urging CBP to clarify tariff transshipment confusion
Status unclear
The FMC is probing the legal standing of the World Shipping Council agreement
32 Surface Transportation Exploratory engagement
A potential UP-NS tie-up would cause a major shift in US intermodal www. joc. com
A‘ natural evolution’
HMM and CMA CGM are expanding a key Mediterranean transshipment hub
August 4, 2025 | Journal of Commerce 3