Burlington bets on ocean contracts to combat elevated freight costs
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.
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.
Forwarders have linked the sudden boost in rates to lower vessel capacity rather than an indication of resurgent demand, with liners shifting vessels to the more lucrative eastbound trans-Pac trade out of China.
Shippers can now use the e-commerce giant’s network to deliver freight to third-party sites, the company announced Wednesday.
Spot rates from North Asia to Brazil are pushing near two-year highs after blanks on the trade lane last month jumped to their highest in at least three years.
The port is teaming up with the Wonderful Co. and Lincoln Transportation Services to develop the 150-mile trade route between Long Beach and Central Valley.
The designer of personal ride-on vehicles went from paying import duties to shifting the burden onto manufacturers, per Bryan Wood, VP of global supply chain.
Demand is projected to expand between 3.5% and 5% a year over the next decade, outstripping the supply of air cargo capacity that is forecast to grow by just 1% a year.
The retailer has used the technology to help managers build delivery routes, and more AI-driven improvements are in the works.
The port is giving financial awards to early purchasers of EV trucks as it works toward its goal of being the “world’s first carbon-free port,” CEO Noel Hacegaba said.
Elizabeth Warren and Mark Kelly want the Trump administration to reinstate port fees against China’s maritime industry after their one-year suspension expires in November.