While the southern states experience their first week of pollen, the North East just can’t catch a break as it hunkers down for the fourth winter storm of the month. Expected to bring strong winds, tree damage, and power outages, Winter Storm Toby may be the heaviest snowstorm of the season and states like New York, New Jersey, and Philadelphia are once again preparing for the impact. Most areas will shut down operations and ban
It’s no secret that ocean carriers have been struggling to turn a consistent profit in the past decade. Over time, steamship lines have phased out chassis ownership and invested in mega vessels to hedge against market risks, but the current U.S. trucking environment has created an impossible door delivery expectation, and some ocean carriers have had enough. Citing congestion, capacity, and increasing operational costs, Hyundai and CMA CGM are leading the charge, sur-charge, that is.
As the world celebrated International Women’s Day on March 8th, the global trade community watched 11 countries, excluding the United States, sign on to the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) in Santiago, Chile, removing up to 98% of tariffs for member-nations trading across Asia. Minutes later, U.S. President Donald Trump announced import tariffs of 25% on steel and 10% on aluminum, taking a protectionist stance amid the celebration and NAFTA (North America Free Trade
On Thursday March 8, 2018, President Trump defied domestic and international critics and signed orders to impose 25% tariffs on steel and 10% on aluminum imported into the U.S. The action was taken in defense of American industry and leverage as the President re-negotiates NAFTA, the North American Free Trade Agreement. With tariffs going into effect in 14 days, commodity-reliant businesses will be feeling the impacts. BACKGROUND Steel has long been used in construction and
While most shippers concentrate on negotiating April carrier contracts, or finding the right freight forwarder, to meet their 2018 goals, they should have noticed a much more prevalent issue happening creeping up, right here at home. U.S. trucking is in a tenuous state - capacity is tight, chassis are non-existent, and prices are increasing, leaving shippers asking… WHERE ARE ALL THE TRUCKERS? Trucking is one of those industries that fluctuates with the economy; in a