Businesses are being advised to reassess their procurement and supply chain strategies as the effects of U.S. tariffs ripple across global trade, driving up shipping costs and prices on a wide array of goods. The sweeping tariff measures imposed by U.S. President Donald Trump, along with retaliatory actions from major trade partners, have thrown supply […]
Read MoreIn today’s fast-paced logistics landscape, uncertainty has become the norm. Shippers and carriers must constantly adapt to challenges such as labor shortages, yard delays, external disruptions, and unpredictable route planning. These obstacles force frequent last-minute changes, making resilience and adaptability critical for maintaining efficient operations. Logistics professionals face mounting challenges, from geopolitical tensions and environmental […]
Read MoreIn September, rail container dwell times at the ports of Los Angeles and Long Beach hit their highest levels in two years as the ports experienced a surge in import volumes from Asia. This spike is partially attributed to retailers redirecting cargo from the East and Gulf coasts due to a looming longshore strike. […]
Read MoreSpot truckload rates are surging in the U.S. Southeast and climbing across the country following Hurricane Helene, with another storm, Hurricane Milton, set to strike the Gulf Coast of Florida soon. Milton is expected to hit Wednesday before crossing the state into the Atlantic. Last week, rates for dry-van, refrigerated, and flatbed trucks increased nationwide […]
Read MoreTruckload spot rates across the southeastern U.S. are rising sharply in response to back-to-back hurricanes. After Hurricane Helene ravaged parts of Florida to North Carolina, the trucking market experienced significant disruption. Now, as Hurricane Milton approaches the Gulf Coast of Florida, spot rates are climbing even higher. Last week saw nationwide increases in spot rates […]
Read MoreVenture capital firms are investing less in supply chain technology startups this year, as the freight market weakens, and investors become more cautious. In the first half of 2023, venture firms invested $5.7 billion in logistics companies, down from $22.7 billion in the same period last year, according to PitchBook Data. This pullback has forced […]
Read MoreThe logistics industry is undergoing significant changes, with trade flows shifting and the structure of e-commerce evolving. However, air cargo is still well-positioned to play a vital role. In the US market, Laredo on the US-Mexico border has surpassed the Port of Los Angeles as the biggest gateway for imports for the eighth consecutive month. […]
Read MoreUPS and union representatives are scheduled to resume talks in the coming week as the threat of an impending strike looms, with less than two weeks remaining before the current deal with the Teamsters union expires on July 31. Express delivery company UPS is urging swift action to reach a resolution with the Teamsters union, […]
Read MoreTrade activity at the Port of Long Beach (POLB) experienced a cooling trend in June as retailers worked to clear their warehouses. Last month, dockworkers and terminal operators handled a total of 597,076 twenty-foot equivalent units (TEUs), marking a significant 28.5% decline compared to the same period in the record-setting June of 2022. Notably, imports […]
Read MoreThe British Columbia Maritime Employers Association (BCMEA) is delighted to announce that after productive negotiations, a tentative agreement for a new 4-year deal has been reached, acknowledging the valuable skills and contributions of B.C.’s waterfront workforce. While the agreement is still pending ratification by both Parties, specific details will not be disclosed at this time. […]
Read More