August 25, 2026 admin

Panama Canal new capacity cuts put US ports on notice


Water issues lead to vessel restrictions

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● On the Wire TUE · AUG 25 · 2026 5 stories
 
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Container ship transiting the Panama Canal

OCEAN · PANAMA CANAL

Panama Canal new capacity cuts put US ports on notice

BY STUART CHIRLS · AMERICAN SHIPPER · AUG 24, 2026

The Panama Canal Authority will cut daily transits from 36 to 34 on Sept. 4 and to 32 by Sept. 15, trimming Panamax slots as watershed rainfall came in 34% below average this summer amid fears of a severe El Niño event in 2026-2027.

THE TAKE — THE TAKE — More than 70% of Panama Canal cargo touches the U.S., so shippers routing through the waterway should build in schedule buffer now — the cuts land just as trans-Pacific Asia-East Coast rates are already up 42% since the Iran war began.
 
Cargo trucks at the US-Canada border

TRADE · CROSS-BORDER

US-Canada supply chains face uncertainty as trade talks collapse

Washington’s 50% tariffs on a range of Canadian goods — including cement, dairy and hockey sticks — took effect Saturday after last week’s talks broke down over medium- and heavy-duty vehicle tariffs, with Ottawa’s retaliatory measures set to begin Sept. 8.

THE TAKE — THE TAKE — Cross-border freight topped $67.9 billion in June alone, so a trade attorney’s warning that retaliation could touch $800 billion in annual goods trade is worth taking seriously — shippers moving vehicles, machinery or energy products across the border should model both tariff scenarios now.
 
Klaus-Michael Kühne, honorary chairman of Kuehne+Nagel

LOGISTICS · OBITUARY

Legendary logistics executive Klaus-Michael Kühne dead at 89

Klaus-Michael Kühne, who took the reins of Kuehne+Nagel at 29 in 1966 and built it into one of the world’s top five logistics providers, has died. He also held roughly 30% of Hapag-Lloyd and about 17% of Lufthansa.

THE TAKE — THE TAKE — Kühne’s six-decade run is a reminder of how much of today’s ocean and air capacity traces back to family-run European logistics houses that went public and globalized in the 1990s — a playbook still shaping consolidation across the industry.
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ASL Airlines Belgium Boeing 747 freighter

AIR · CARGO FLEET

Express carrier partner ASL Aviation buys 747 freighters from lessor

Dublin-based ASL Aviation Holdings bought two Boeing 747-400 freighters it had been leasing from Seattle’s Altavair, locking in long-haul widebody capacity as it also shifts four converted 737-800 freighters from Europe to its Australian operation.

THE TAKE — THE TAKE — Owning rather than leasing insulates ASL’s long-haul capacity from lease-market swings — worth watching for shippers who depend on ASL’s UPS, Amazon, FedEx and Qantas Freight contracts for continuity through year-end peak.
 
Container ship at a US port terminal

OCEAN · CONTAINER SHIPPING

Trans-Pacific shippers ‘leaving money on the table,’ says analyst

Xeneta’s Peter Sand says the $3,334-per-FEU gap between U.S. East and West Coast import rates has blown past pre-crisis norms, with Asia-East Coast spot rates up 42% and West Coast rates up 39% since late February.

THE TAKE — THE TAKE — Sand’s read is that softening European trade rates show carriers have less pricing power than the coastal spread suggests — shippers with all-water East Coast contracts coming up for renewal have more leverage right now than the headline rates imply.
 
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