Shippers may have enjoyed a brief respite as they closed year-end inventories and celebrated the holidays with family and friends. But, with a New Year comes a fresh shipping cycle - and rates are already on the move. Spot rates from Asia increased across the board as we brought in [...]
Recently, numerous railroad operational changes have caused extensive transit-time delay and equipment shortages in the Los Angeles area. Combined with the increased volume of peak season shipping, these shortages have resulted in extended delays of departure schedules and service transit times. Due to the peak season volume and challenges around [...]
As demand for international goods continues to grow, so do the number of lost and stolen cargo containers. Now, freight containers can be tracked once registered in BoxTech, a non-profit technical characteristics database of global container information established by the Bureau International des Containers (BIC). BoxTech was released in July [...]
U.S. importers and exporters not budgeting or preparing for the impact of the electronic logging device (ELD) rule are in for a surprise next quarter. The electronic logging device (ELD) rule is part of the Moving Ahead for Progress in the 21st Century Act (MAP-21) transportation reauthorization bill signed into [...]
We insure all of our valuables – home, car, jewelry, health, even our lives. It’s a practice that keeps us financially protected from life’s unexpected challenges. Yet time and again, shippers believe that basic marine carrier coverage actually assumes “all risk.” Most see additional coverage as an unnecessary contribution to [...]
The Port of Savannah’s International Multimodal Connector is a $128 million project that will add 97,000 feet of new track to Garden City Terminal and make it an East Coast gateway for fast rail and e-commerce. According to Georgia Ports Authority (GPA), the project is set for completion by 2020, [...]
Ask any Cleveland, Ohio enthusiast about the city and they’ll rave about the Cavaliers’ NBA Championship, Rock & Roll Hall of Fame, and gorgeous beaches. But, even die-hard fanatics might not know that Cleveland has a sea port. Nestled next to the Cleveland football stadium, this port is far from [...]
The freight industry converged in Shenzhen, China last week for the annual TPM Asia Conference, sponsored by IHS Markit’s JOC. Carriers, industry experts, and beneficial cargo owners (BCO) paneled to answer some tough questions surrounding the current peak season and ramifications for the long-term ocean freight market. To most, 2017 [...]
As the year winds down, carriers and shippers engage in an annual dance commonly known as the holiday peak season; but in 2017, carriers just haven’t been able to set the pace. After several years of consolidation and vessel sharing planning, carriers believe they finally landed on the framework that [...]
Southern states are reeling from widespread damage in the wake of two major back-to-back hurricanes. Hurricane Harvey struck as a Category 4 on Friday, August 25, displacing thousands of Houston residents, over 20 deaths, and record-breaking flooding. Harvey’s 51.2 inches of water broke the 48-inch record, set by Tropical Storm [...]
