Reciprocal tariffs—25% on goods and an additional 10% on energy—between Canada and the U.S. have severely impacted Canadian trucking. Approximately 70% of Canadian carriers are losing money due to delayed or canceled U.S. shipments. “About 80% of Canada–U.S. trade moves by Canadian trucks,” said CTACEO Stephen Laskowski, highlighting the added uncertainty in a weak economy. Carriers may reduce labor or enact layoffs to stay afloat.

Conversely, the household goods moving sector may possibly benefit from drivers shifting over from the adjacent trucking segment. According to transcanadamovers.com, “used” personal belongings (not for resale) enter Canada duty- and tax-free, are not affected by these tariffs. However, overall trucking operations face reduced freight volumes and higher costs. Stability hinges on a resolution of the tariff dispute or a new trade agreement to revive cross-border trade. (More at: Canadian Trucking Alliance - CTA, “70% of Carriers See Freight Drop …” 4/15/2025)

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The European job market in 2025 is set to navigate a complex interplay of economic recovery, demographic shifts, and the transformative impact of technology.

 ·      A Mixed Economic Recovery with Implications for Employment

·      Persistent Labor Shortages and Skills Gaps

·      Accelerating Demand for Technological and Adaptive Skills

Source: EUROBRUSSELS‍

After a strong start to 2025, U.S. containerized import bookings dropped 20% from January highs, though they remained 30% higher year-over-year. The decline is linked to fears of tariff increases, prompting shippers to frontload shipments early. However, growing uncertainty triggered sharper volume declines. Comparing ocean shipping for weeks of March 24–31 and April 1–8, Vizion (a container data analyst) reported a “tariff shockwave” across global trade: worldwide TEU bookings fell 49%; U.S. imports dropped 64% and exports declined 30%, imports from China plunged 64%, and exports to China dropped 36%. (More at: FreightWaves, “Tariff shockwave" leads to collapse in ocean container bookings” by Stuart Chirls, 4/15/2025)

Panama’s Comptroller General has sparked controversy by stating that the 2021 renewal of the concession for container terminals run by Hutchison’s Panama Ports Company(PPC) was never legally approved. He suggested that certain parties involved in the deal may not have fully understood what they were signing up for. The planned sale of Panama Ports Company (PPC) by CK Hutchison to the BlackRock–TiL consortium has encountered a new obstacle—this time from Panamanian authorities. Speaking at a press conference, the comptroller stated that the 25-year extension granted by the Panama Maritime Authority (AMP) lacked the necessary endorsement from the Comptroller General’s Office—a legal requirement for any modification, renewal, or transfer of national port concessions. (More at: WorldCargo News, “Panama Ports in turmoil … “ by Jasmina Ovcina Mandra, 4/08/2025)

In March, CK Hutchison, a Hong Kong-based conglomerate, agreed to sell most of its global ports business for $22.8 billion to a consortium led by BlackRock. The sale includes key terminals at the Panama Canal (including Ports of Balboa and Cristobal), a crucial maritime route handling 5% of global seaborne trade, or about 10 percent of global containerized cargo. Analysts suggest the deal could weaken China’s strategic influence, impacting its Belt and Road Initiative. However, the sale now faces uncertainty as China's market regulator launched an antitrust review. Additionally, Chinese authorities have reportedly instructed state-owned enterprises to halt new business plans with CK Hutchison’s founder, Li Ka-shingand family. (More at: Newsweek, “Mapped: Global Ports China Could Lose to US After Panama Deal” by Micah McCartney and Didi Kirsten Tatlow, China News Reporter, 4/01/2025)

Walmart and Amazon are poised to revolutionize the trucking industry, with other major shippers likely to follow suit. Walmart is actively expanding its dedicated trucking network, inviting third-party carriers to join its freight brokerage program. In an outreach message to truckers, the retailer emphasized that participation would offer steady freight and an important role in ensuring efficient delivery of its products to customers. This initiative reflects Walmart's broader strategy to integrate third parties into its logistics operations, enhancing control over its supply chain. In August 2024, Walmart further expanded its logistics services by offering transportation for market place sellers, moving goods from Asia to U.S. warehouses while handling fulfillment and returns for various e-commerce platforms. This strategic shift creates significant interest. (More at: The Loadstar, “Truckers face a serious threat as large shippers develop …” By Ian Putzger, 24/03/2025)