Norfolk Southern Faces Legal Action Over East Palestine Train Derailment
The state of Ohio has filed a lawsuit against Norfolk Southern railway company following the train derailment in East Palestine, Ohio. The incident, which occurred back in January, caused a significant amount of damage to the area. The lawsuit alleges that Norfolk Southern was negligent in its operation of the train and failed to take […]
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 […]
February Marks Lowest Imports Since 2020
February is shaping up to be the slowest month for imports since May of 2020. February is traditionally a slow month for logistics businesses, but reports are showing that imports are currently breaking record lows. According to data from Descartes, a company specializing in logistics tracking software, January was the highest month-on-month gain for U.S. […]
Freight Outlook Not Optimistic from Carriers
Demand is slowly returning – a great sign in terms of the economic rebound. However, capacity is still up, which means many carriers are not feeling the effects of increasing demand yet. The Outbound Tender Rejection Index measures the percentage at which tender is rejected by carriers in regard to available capacity. Currently, it is […]
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 […]
Bill to Lower Minimum Driving Age Reintroduced
A bill was reintroduced into congress that proposed to allow 18-to-20-year-olds to haul containers to and from ports. It is propositioned that opening the line haul field to a new, younger demographic would help to solve some of the issues with recruiting and keeping new truckers; especially after years of experiencing sever driver shortages and […]
Railroads and Unions Back to Negotiations
The potential for a rail strike is once again a possibility starting November 14th as members from the Brotherhood of Maintenance of Way Employees Division (BMWED) have rejected new labor contracts. These are the same labor contracts that have been in revision since January of 2020. This recent rejection sends both unions and railroads back […]
Hurricane Ian Anticipated to Cause Supply Chain Delays
Hurricane Ian is due to touch down on the U.S. coast sometime later this afternoon, and though the storm is slated to hit Southern Florida, the effects of the storm are sure to be felt across the country. Ian, which has been upgraded to a category 5 hurricane, is projected to move through the Tampa […]
Precautions for Possible Class I Railroad Strike
Class I railroads are making arrangements to keep in compliance with federal regulations in anticipation of a strike occurring on September 16th. Preparation includes suspending shipments of hazardous materials and security-sensitive shipments. In response to new contract negotiations, 10 out of 12 unions are in position to accept new conditions. The two non-confirmed unions are […]
Imports Remain High While Inventories Stagnate
Commerce giants like Walmart and Target have recently gone on record to say that they’ve canceled billions of dollars in orders to help align their inventories with expected demand. Regardless, U.S. import activities remain at all-time highs. According to data released by Descartes, the world’s largest database of import trade statistics, U.S. imports were up […]
