What is the Driving Factor Behind Container Price Gains?
Freight rates, in addition to other rates across several industries, have been fueled by the invasion of Ukraine by Russia, as well as a global uptick in demand in a post-Covid economy for diesel, gasoline, and jet fuel. Gas prices are coinciding with a profit boom for the owners of tankers that carry petroleum products. […]
Ocean Shipping Reform Act Passed House of Representatives
For the first time since 1998, the regulations governing U.S. container trades have received an overhaul. With an overwhelming approval of 369-42, the U.S. House of Representatives passed the Ocean Shipping Reform Act (OSRA) of 2022, which President Biden is expected to sign soon. TA President and CEO, Chris Spear, said that the Federal Maritime […]
Surface Transportation Board Severely Disappointed in Class I Railroads
The four major U.S. Class I railroads are under heavy scrutiny by the Surface Transportation Board (STB) for not providing enough information regarding their rail service recovery plans. The STB issued a requirement for all four railroads on May 6th to submit a rail service recovery plan in response to shippers’ concerns about deteriorating rail […]
Cargo Moving Thanks to Threat of Fees
According to the Ports of Los Angeles and Long Beach, threats of penalty fees are just as effective as the fees themselves. The container dwell fee announced by the White House late in October 2021 declared that ports would be implementing a fee of $100 per each day extra at berth. A fee that was, […]
GPA Expands Container Capacity
The Covid-19 pandemic dragged infrastructure issues directly into the spotlight, one of them being the dire need for capacity expansion at ports; An issue that was exacerbated by equipment shortages, labor shortages, and various supply chain disruptions. The Georgia Ports Authority (GPA) has unveiled a plan to increase container capacity at the Port of Savannah […]
2021 Freight Recap & 2022 Projections
TLC’s Sales and Marketing Manager, Joe Hassenfratz, sits down with the host of The View from Jamestown Podcast, Ben Sawicki, to discuss the state of frieght over the past year and to discuss predictions for 2022.
Promises Plateau for Port Congestion
The highly contested port fee plan, backed by the Biden administration with the intention of motivating container movement, is starting to lose its grandiose. Since the announcement, long-dwelling containers at ports were down by 50%, though the implementation date for the fee itself has been pushed back more than five times already. “My money says […]
Shortages Not in Short Supply
From coal to computer chips, the world is facing mass shortages in every industry. The main culprit: an energy crisis faced overseas. As the demand for Chinese products grows, China faces challenges set by recent energy-saving regulations due impart to their consumption of fossil fuels to power factories. Bottlenecks in US ports are adding to […]
Ports Pleading to Lift Tariffs
The Biden administration is facing pressure to lift trade tariffs imposed by the previous Trump administration. The trade association along with several high-profile manufacturers have sent letters imploring the administration to lift tariffs in attempts to provide immediate relief from record-high shipping costs. While the Biden administration has stated that they are in the process […]
Proposals to Update Shipping Act
Congressmen John Garamendi and Dusty Johnson introduced legislation on August 11th, 2021, in the House of Representatives that would reform the Shipping Act. Shippers and U.S. exporters, specifically, called for the legislation to be reviewed and updated to help protect them from fees and to help ensure capacity. Federal Maritime Commission Chairman Daniel Maffei, a […]
