Tidal Wave of China-US Freight
In an unexpected turn, container freight volumes from China to the U.S. are soaring, despite China’s economic woes. This surge, reaching its highest point since May 2022, is driven by the traditional pre-Chinese New Year shipping peak and a significant increase in demand from U.S. importers. With lower inventory levels in the U.S. and a […]
The Year of the Rail
The future of freight shines brightly on the rails, with Union Pacific, Norfolk Southern, and CSX at the helm, showcasing their 2024 vision to transform freight movement. Union Pacific’s Beth Whited highlighted efficiency strides and innovative services like the Falcon Premium, aiming to entice shippers with cost-effective, green solutions. Meanwhile, Norfolk Southern’s Alan Shaw focused […]
Nearshoring Supply Chains Faster than Expected
The diversification of supply chains is not a new conversation, but global disruptions and recent developments have presented strong cases for reshoring manufacturing opportunities. According to recent data, the switch to nearshoring is happening much faster than predicted in 2021. The initial prediction was that it would happen slowly, over the course of five (or […]
Storage Space Rent to Rise in 2023
Inventories in warehouses are high, and experts are not expecting anything less any time soon. Demand for storage space remains firm, according to Prologis, a logistics real estate company. Prologis projects that rents for these inventory spaces to increase 10% in the U.S. in 2023 and about 9% globally. Even with these numbers, the company […]
East Coast Ports Optimizing Workflow
Ports have turned their full attention towards making the supply chain process as smooth as possible for customers and cargo owners. East Coast ports have been experiencing higher volumes as shippers attempt to avoid port congestion in the West Coast ports. The increased activity has resulted in growth at some ports while others are experiencing […]
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 […]
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, […]
Diesel Market Causing Confusion
The diesel market split into two directions last week, adding to the confusion and uncertainty that buyers have been facing. Inventories of ultra low sulfur diesel (USLD), which had already been at record-breaking lows, managed to decrease even further in price. USLD had been rising faster than the price of crude oil and gasoline on […]
The Newest Way to Measure Supply Pressure
There is a new way to measure supply chain issues that are partially to blame for consumer price inflation: The Global Supply Chain Pressure Index (GSCPI). Researchers at the New York Federal Reserve invented this new calculation system using over 25 indicators, including, though not limited to, the Baltic Dry Index (BDI) and Harpex index. […]
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.
