SBA's Freight Market Update: April 23, 2026
This week: Tariff refund portal launches; East and Gulf Coast ports gain volume; Hormuz scams raise transit risk.
Current Critical Industry Trends
An online tariff refund portal launched this week for businesses. While the system is now active, refunds will be issued in phases, with priority given to recent payments. For importers, recovery timelines may still extend as claims move through the process.
Ocean
Tensions in the Strait of Hormuz escalated this week after multiple vessels came under fire, with two ships reportedly seized. The incident adds pressure to ongoing negotiations and may further deter carriers from attempting to pass through the waterway, reinforcing risk across a critical global trade lane.
Orient Overseas Container Line (OOCL) is expanding its intra-Asia network with a new China-Indonesia service set to launch in May. The service’s goal is to enhance network coverage and improve schedule reliability throughout the route.
Ports
East and Gulf Coast ports are picking up volume, while activity on the West Coast remains uneven. Proximity to population hubs and long-term infrastructure investment are helping drive the shift, pointing to evolving port preferences among shippers.
International
U.K. businesses are stepping up supply chain resilience efforts as disruption becomes more frequent. Investments in storage, diversified sourcing and digital tools reflect, areas where platforms like Navegate® are helping centralize data and improve coordination across global partners.
Trucking
Interstate registration fees are expected to rise by an average of 20% as regulators look to address a funding shortfall. The increase could add cost pressure for carriers, with the proposal currently open for public comment.
The “Freedom to Drive” initiative launched this week targets major U.S. traffic bottlenecks as congestion costs continue to mount. Drivers spend an average of 63 hours annually in gridlock, underscoring significant productivity losses. The initiative will partner with governors to explore solutions that improve flow for all road users.
Rail
CPKC’s Winnipeg terminal has been named 2026 Terminal of the Year, marking its second win. Improved safety and higher railcar volumes signal stronger operational performance and network reliability.
Air
Jet fuel shortages continue to tighten pressure on air cargo capacity, with International Air Transport Association (IATA) Director General Willie Walsh warning the situation is “sobering.” Europe is bracing for disruptions as logistics teams work to secure alternative supply lines, raising concerns around capacity.
Techonology
China advances green shipping with the launch of two fully electric autonomous containerships. The vessels are expected to reduce CO2 emissions by nearly 1,500 tonnes annually and signal broader adoption of battery-powered ships, raising sustainability standards across the industry.
Scammers are offering “safe passage” through the Strait of Hormuz in exchange for cryptocurrency payments. Reports suggest at least one vessel was misled, highlighting rising cybersecurity risks and the potential for both safety and financial exposure in high-risk regions.
Other
Wildlife collisions are increasing across Canadian freight corridors as spring conditions return. The seasonal spike poses safety risks and can lead to delays and equipment damage across key routes.
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As always, SBA’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 SBA can do for you. Contact us!