Highlights December rates decrease year-over-year for the first time in 28 months Ocean shipping much more affordable Red Sea diversions threaten to upset supply chains once more Panama Canal drought adds to shipper’s concerns China slowdown sends ripples worldwide Chinese New Year starts this week. As 2024 gets underway and market conditions begin to come […]
Highlights Rates for air, ocean and ground continue to be soft, with some signs of rebounding on increased demand for air freight. Blank sailings have increased dramatically, as carriers reduce capacity to compensate for a soft “Peak Season”. Yellow Freight bankruptcy reduces LTL capacity and increases pressure on domestic trucking rates. Ocean shippers begin […]
The Global Supply Chain Continues to Struggle Summary In this month’s Logistics Market Update we take a detailed look at the following issues: What is causing the current market chaos and why are rates so high? How long will this go on? What can my business do to weather the storm? What if we all […]
Perpetual Peak Season As 2020 thankfully fades in the rear view mirror, we are getting a lot of inquiries about whether shipping rates have finally begun to retreat from the record levels seen in late 2020. In a word, the answer is no. It has become a perpetual Peak Season. If anything, we have seen further […]
With the height of peak shipping here, a comprehensive look at current market conditions is in order. We hope you find it useful as you plan the balance of your December and beyond. As U.S. imports continue to surge, up 21% over last November, the domestic and international supply chain continues to strain under the […]
September usually brings Labor Day, back-to-school activities, and Peak Season in the shipping business. As we enter the September-December peak shipping season, we do so under the most unusual of circumstances, with COVID-19, U.S. elections and social protests looming large. Almost forgotten, are the ongoing headwinds from the U.S. – China trade dispute, which continues […]
With summer officially arriving this past weekend to mark the start of the traditional “peak season”, we wanted to take the opportunity to provide you with an update on our operational status, as well as a market update of current rates and conditions. OPERATIONAL STATUS We remain fully operational and open for business. Most of our […]
Overnight airfreight. Every shipping manager’s least favorite option. Let’s face it, if you need overnight air freight, something has usually gone drastically wrong. The situation typically goes something like this: Either your customer needs a critical part to keep their plant up and running, you are dangerously low on a key inventory component, or you […]
With 2019 now in the rear view mirror, all eyes turn towards the recent announcement of a mid-January signing of “Phase One” of a U.S. China trade agreement. What’s it all about and what does it mean for your business in 2020? While we have learned that nothing is ever certain in this 21-month global […]
Incoterms 2020 is here. Is your business ready? The new Incoterms 2020 have been published by the International Chamber of Commerce (ICC). They will take effect on January 1, 2020. This update replaces Incoterms 2010 and is expected to be the standard for the next decade, through December 2029. For the first time, representatives from […]
