Adcom's Freight Market Update: March 12, 2026
This week: Tariff refund process remains a puzzle; Major carriers invoke Force Majeure; Who pays when ships can’t move?
Current Critical Industry Trends
Tariff refunds are coming, but the process is unclear. A court ruled tariffs imposed under the authority used by President Trump unlawful, prompting U.S. Customs and Border Protection to begin developing a refund process. Importers now face uncertainty around timelines, eligibility, and documentation.
Vessel traffic through the Strait of Hormuz has dropped about 90% after U.S.-Israeli strikes on Iran. Major carriers have invoked force majeure, suspended services, and frozen bookings as stranded ships and rising fuel costs compound delays.
Ocean
Who pays when ships can’t move? As conflict stalls traffic through the Strait of Hormuz, responsibility for delayed vessels often falls on charterers under time charters, though liability can shift depending on contract terms.
Diversions are climbing across ocean freight networks. A new report shows rerouted shipments around the Strait of Hormuz have surged more than 360 percent, pushing cargo into alternative ports and driving congestion and delays downstream.
Ports
Port of Rotterdam sees network‑driven trade shifts. Data shows imports up nearly 4% in 2025 with strong Asia and North America growth, while exports, especially to Asia, declined and widened the container imbalance. Changes in carrier alliances boosted some routes and reduced others, reshaping how Europe’s cargo moves.
Beijing is pushing back on Panama’s port takeover. After Panama revoked HK‑based Hutchison Ports’ contracts for Balboa and Cristobal terminals, China warned of consequences and COSCO Shipping reportedly stopped calling at Balboa.
International
De minimis case returns to trade court. A federal trade court lifted its pause on litigation challenging the end of duty-free treatment for low value imports. The ruling sets up a renewed review of executive power under President Trump.
Trucking
Cross‑border trucking is getting a boost. The Gordie Howe Bridge will create a dedicated, lower‑congestion path for commercial vehicles, easing freight flows between the U.S. and Canada.
Air
Steady outlook for global air freight. Air cargo demand is projected to grow 2.6% this year, easing from 2025 levels. Asia Pacific leads momentum as trade volatility shapes regional performance.
Technology
Breaking security silos in freight operations. Threats increasingly target handoffs between teams rather than isolated systems. Coordinated response and shared accountability are key to reducing risk.
Other
B.C. rolls out overheight alert technology. A smart detection system will warn drivers before reaching a collision prone overpass on Highway 1. Authorities link the initiative to broader efforts to reduce infrastructure damage.
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As always, Adcom’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!