USMCA: Retail, manufacturing and apparel groups call for preservation
Trade groups backed the pact’s annual review, but stressed its importance to North America supply chains.
Trade groups backed the pact’s annual review, but stressed its importance to North America supply chains.
There’s little to no sign truckload rate hikes are slowing post-July 4, as tight capacity keeps pricing elevated headed into what’s typically a slower season.
Ocean carriers are reinjecting significant new tonnage between Asia and the East Coast of South America after pulling ships away to serve an early Asia–Europe peak season.
Spot prices have more than doubled on Asia–Mediterranean routes and almost tripled from Asia to North Europe since the beginning of May.
The carrier called the move “a structural change” but said contingency plans included a return to Africa transits should the security situation deteriorate.
The proposed merger of Union Pacific Railroad and Norfolk Southern Railway would create single-line rail network that could shift discretionary cargo to Charleston and other underused East Coast infrastructure, writes rail analyst Paul Tonsager.
The furniture company leveraged cargo partnerships to secure capacity at a contractual rate as a way to offset higher oil prices and spot market volatility.
The furniture maker expects to nearly complete two centralized hubs this year as part of a multiyear distribution overhaul.
Equipment acquisitions for heavy-lift cargo handling need to go together with investment in technical expertise, asset providers warn.
As truckload capacity in the US gets tighter and rates move higher, more freight is being shifted to less-than-truckload providers — something that will continue, attendees at the SMC3 Connections conference were told.