The financing is meant to grow the NYSHEX Freight Index, which is used to price index-linked ocean freight contracts and four futures contracts that were launched in April on the Intercontinental Exchange.
Supply chains, particularly in Asia, are only just recovering from delays and port congestion caused in large part by severe storms in Asia between July and September.
Original equipment manufacturers could better identify cargo risks and relay them sooner to customers if project forwarders are consulted before contracts are finalized, attendees at an industry conference were told.
While the Journal of Commerce TCI for the third quarter rose to its highest reading since Q4 2023, the increase doesn’t reflect a broader trend in truck capacity.
Opinions remain divided over whether the excess tonnage will drive a market downturn or be absorbed by widespread network disruption and capacity management strategies.
The Toronto-based luxury apparel company worked hard to get its products into the U.S. before new import tariffs became effective in August.
Australia-based OTAA, which makes ties and cufflinks, is fulfilling U.S. orders from a facility in Longview, Texas, through a partnership with Cart.com.
The e-commerce giant has continued to grab market share as it relies less on UPS for shipping and expands its delivery reach, per ShipMatrix.
Under the rule, which takes effect in early January, licensed customs brokers will be responsible for verifying that their overseas clients meet the qualifications of a US importer of record before filing entries on their behalf.
Soft demand and upcoming truck emissions regulations are weighing on motor carrier purchasing decisions, despite higher trucking rates.
