CBP: Shippers could lose import privileges if customs info is wrong
The agency will void the right to bring merchandise into the U.S for shippers with inaccurate information on file, starting Sept. 18.
The agency will void the right to bring merchandise into the U.S for shippers with inaccurate information on file, starting Sept. 18.
The carrier has a sizeable war chest for fleet expansion, built up over the last several years of healthy earnings and strong freight rates.
Higher fuel prices continue to put pressure on LTL and truckload producer price indexes, leading to pricing gains ahead of trucking’s peak fall season.
The railroad has leased 750 chassis that will be deployed to Harrisburg and Charlotte to ensure containers keep moving following recent backlogs in those markets.
Four consecutive typhoons created berthing delays lasting up to two weeks across Shanghai, Ningbo-Zhoushan, and Yantian due to terminal closures and ships having to shelter from the storm, Xeneta said in a report.
But the recent good times for North American intermodal will only continue if the “goldilocks” economic conditions endure despite numerous danger signs lurking, writes Larry Gross.
Shrinking capacity is pushing freight to fewer motor carriers and raising trucking rates, but data suggests a real freight recovery hasn’t begun.
Changing market dynamics can produce more frequent and extreme swings in freight rates, raising potential average returns for carriers even when oversupply weighs on the market, Vincent Clerc says.
A third of deep-sea traffic that had been diverted since Houthi militant attacks began in late 2023 has now returned to shorter Red Sea voyages, but don’t expect that to show up in freight pricing, says the analyst.
In a parallel move, another outreach will give $5 million toward new charging stations.