Inflation jumps 4.2%, spurred by war-induced surge in energy prices
Rising prices have begun to erode gains in real wages in recent years and weaken consumer purchasing power for all goods and services.
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.
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.