Asia-Europe ocean shippers face huge July 1 rate increases
Encouraged by the stickiness of early June rate hikes, carriers are capitalizing on robust demand as an early start to peak season keeps ships full on North Europe and Mediterranean trades.
Encouraged by the stickiness of early June rate hikes, carriers are capitalizing on robust demand as an early start to peak season keeps ships full on North Europe and Mediterranean trades.
The multiyear deal with Gatik will help the food and beverage giant increase capacity in “hard to staff” areas of its transportation network.
Amazon’s “asset-backed” less-than-truckload service is based on company-owned equipment and technology, its freight director says.
The COVID-19 pandemic pushed the company to run a dedicated route until capacity improved. Here’s what shippers can learn from the endeavor.
As asset-based intermodal marketing companies reject lower-priced freight, shippers are pushed deeper into routing guides and end up paying more well before the next round of contracts take effect.
Empty containers trapped on the wrong side of the Strait of Hormuz are impacting export markets, forcing ocean carriers to seek out lessors for more equipment.
Rising prices have begun to erode gains in real wages in recent years and weaken consumer purchasing power for all goods and services.
U.S. Customs and Border Protection could return funds by the end of July for finally liquidated entries, although it may depend on an appeal by the federal government.
But third-party logistics providers and brokerages – which have been playing an increasing role in the LTL sector – are more likely to feel the heat from Amazon’s competition than asset-based LTL carriers, sources told the Journal of Commerce.
The retailer is also increasing the amount of product packed and loaded for inbound and outbound shipments, Chief Supply Chain Officer Greg Shultz told Supply Chain Dive.