The U.S. Supreme Court ruled 6–3  that the International Emergency Economic Powers Act (IEEPA)  does not  authorize President Donald Trump  to impose tariffs. Tariff authority rests with Congress , not the president. As a result, the legal basis for tariffs collected under IEEPA is invalid, and importers may seek refunds  of duties already paid.   Tariffs imposed under IEEPA since 2025  are estimated at about USD 133.5 billion . Affected measures include a 10% global baseline

Due to softer cargo volumes and falling freight rates, Ocean Network Express (ONE)  recorded a net loss of USD 88 million  in the third quarter of fiscal year 2025. Revenue reached USD 4.074 billion , but profitability declined sharply. EBITDA  fell year over year from USD 2.4 billion to USD 1.2 billion , while EBIT  dropped from USD 1.9 billion to USD 667 million , indicating that margins were heavily compressed despite relatively stable shipment volumes.   Oversupply Contin

U.S. President Donald Trump recently stated that if Canada continues to advance trade cooperation with China, the United States will impose 100% tariffs on all Canadian goods  entering the U.S.   Canada–China Tariff Agreement in 2026 In early 2026, Canada and China reached a preliminary agreement in-principle  to reduce tariffs and expand market access. Key points include: China  plans to sharply reduce tariffs on Canadian canola seed by March 1, 2026, from nearly 84% to abou

After nearly two years of conflict-related disruption, A.P. Moller–Maersk  is preparing to resume Middle East services via the Red Sea and the Suez Canal , following major global supply chain adjustments. This move raises a key question for the freight market: how will returning capacity affect global shipping rates?   Maersk’s Red Sea Return and Its Implications Since late 2023, Houthi attacks disrupted Red Sea transits, forcing most carriers to reroute vessels around the Ca

In 2025 , Dallas and Houston, Texas , together delivered about 62 million square feet of industrial space , bringing development back to normal cycle levels .   What drove construction activity?     Tenant demand remained strong , allowing developers to continue breaking ground and restore typical development pace.   Dallas–Fort Worth The DFW  market typically delivers around 32 million square feet annually  in a normal cycle.  In 2025, total volume aligned with that baseline

San Jose’s industrial leasing activity outperformed the market average in 2025, particularly in Q3 , driven by several large logistics and selective flex leases.   Total annual leasing reached 4.8 million square feet , up sharply from 3.1 million square feet in 2024 . Q3 alone recorded about 1.7 million square feet , nearly double last year’s level, confirming that the rebound was not a one-off but part of a broader demand recovery (CoStar). However, higher leasing volume has

The United States plans to impose new tariffs on semiconductor products imported from China starting June 23, 2027 . These tariffs will be added on top of the existing tariff regime , not used as a replacement.   Under a December 23, 2025 Federal Register filing , the tariffs are structured in phases: the framework takes effect immediately at 0% , with the rate increasing 18 months later . The final rate must be announced at least 30 days before implementation . Any increase

By the end of 2025, the Los Angeles industrial real estate market had stabilized. Key indicators—including available space, new leasing activity, and move-outs—stopped deteriorating.   Large-scale lease givebacks seen in 2023–2024 did not repeat.  While demand is not strong, the market is now able to absorb new industrial supply. This marks a clear shift from the prior two years, when widespread downsizing and early terminations pushed more than 30 million square feet back to

Is warehouse power really that important?   Yes—because in the U.S. today, power determines whether a warehouse can still be used in the future .   State climate and energy policies are tightening, and warehouses are now directly affected. Power capacity and energy efficiency are no longer background utilities. They influence operating costs, approvals, leasing decisions, and long-term viability .   Energy rules are getting stricter States such as California are raising energ

Import volume is a key indicator for U.S. retail, logistics, and supply chain conditions.   It signals how inventory, freight rates, and supply chain pressure will evolve in the months ahead.   Recent reports show that retailers expect weak containerized imports and slower restocking to continue into 2026.   NRF explains that ongoing tariff pressure and trade-policy uncertainty have pushed retailers to bring goods in earlier, resulting in lower import volumes now and in the c