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 […]
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 […]
Inbound Logistics Featuring TLC’s Joe Hassenfratz
The Logistix Company’s own Joe Hassenfratz was featured in the July edition of Inbound Logistics’ monthly publication. See below, or click the image to view the full edition Q: What are The Logistix Company’s (TLC) core business units and areas of focus? A: TLC got its start working closely with distribution companies moving liquid bulk […]
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, […]
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 […]
