02 Dec 2022

FMC FACT FINDING INVESTIGATION 29 EFFECTS OF THE COVID-19 PANDEMIC ON THE U.S. INTERNATIONAL OCEAN SUPPLY CHAIN

  Commissioner Rebecca F. Dye today released her Final Report for Fact Finding 29, “The Effects of COVID-19 on the U.S. International Ocean Transportation Supply Chain,” a two-year investigation involving hundreds of Commission stakeholders participating through Team meetings, phone conversations, emails, and presentations to various groups. Commissioner Dye presented the Final Report with twelve Final Recommendations to […]

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30 Sep 2022

Maersk warns that LA, Long Beach ports may implement long-delayed container dwell fee

  Maersk said this week that it foresees the ports of Los Angeles and Long Beach soon implementing the container dwell fee, announced in October and since delayed week after week, as the ports continue to tackle congestion. The company said in a rate announcement that the likelihood the fee will be implemented “has risen significantly this […]

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01 Sep 2022

Trucking rates in the U.S.

  Trucking rates in the U.S. are nearly 30% higher than previously recorded in April of 2021. This increase is largely due to fuel costs, which are up almost 40% since last year. But also there is the issue of accommodating the 60 to 40 percent import to export ratio. Decreasing exports and increasing imports […]

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25 Apr 2022

Cooling of U.S. Truckload Rates may be ‘Delayed Seasonality’

  Truckload rates for U.S. spot market loads has cooled in the last three months. The market correction in trucking is currently limited to dry-van and temperature-controlled truckload, while demand and rates remain elevated for flatbed, less-than-truckload (LTL), and last-mile and parcel freight. Donald Broughton, transportation analyst and principal of Broughton Capital, said there is […]

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05 Mar 2022

Russia, Ukraine & Belarus Notice to Insured Clients

In response to recent events in Ukraine, and in light of sanctions imposed against Russia and Belarus, Munich Re Syndicate Underwriters have taken the position that coverage for any shipment by U.S. and Canadian based client(s) to and/or from these countries is strictly prohibited. Further, coverage for the importation of any goods originating in Russia, […]

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