News
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Federal Reserve Raises Interest Rates by 25 Basis Points
On September 16, the Federal Reserve raised the federal funds rate by 25 basis points to 3.75%-4.00%. The first hike since July 2023, it follows stubborn inflation and higher oil prices, with one more increase possible this year. Higher rates are expected to raise global borrowing costs and affect international trade, ocean freight and commodity prices.Read more -
Price Adjustment Notice for ST & LV Brand Truck Tires
Price adjustment notice: ST tires will rise by 3% starting Sep 20, and LV brand truck tires will increase 3% from Oct 1 due to higher raw material costs. Thank you for your understanding and continued support.Read more -
Panama Canal Notice A‑29‑2026: Transit Delays & Rising Freight for US East Coast
Panama Canal Notice A‑29‑2026 update: El Niño & low rainfall cause water‑level stress. Vessel waiting time reaches 15‑20 working days. US East coast ocean freight rises. Advance shipment planning is suggested for tire orders.Read more -
U.S. Heavy‑Duty Truck OE Tire Shipments Rise 6.2% Amid Weak Overall Market
According to the latest USTMA data, US heavy‑duty truck original‑equipment tire shipments rise by 6.2% year‑on‑year. Strong new truck demand pushes OE market growth, while replacement market stays weak, bringing opportunities for cost‑effective imported truck tires.Read more -
Drewry World Container Index Drops 3% as Freight Rates See High‑Level Correction
The World Container Index as of July 30 fell by 3% to around USD 4,255 per 40‑ft container, driven by declines on Trans‑Pacific and Asia‑Europe trade lanes. Container rates are undergoing a high‑level correction instead of returning to low‑price cycles.Read more
