According to a research report published by Spherical Insights & Consulting, the Global Air Cargo Container Market is projected to grow from USD 1.59 Billion in 2022 to USD 2.28 Billion by 2032, with a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period. Air cargo containers, also known as Unit Load Devices […]
The freight market in the United States has witnessed noticeable changes in regional outbound demand, indicating a shift in supply chain dynamics. A comparison with June 2019 reveals a significant redistribution of freight towards the Eastern half of the country, based on shippers’ requests for capacity (OTVI). Notably, the Southwest region, including Texas, has experienced […]
Shippers currently hold the upper hand in the freight market as spot and contract rates soften. However, industry experts predict that rates will stabilize throughout 2023. Analysts point out that shippers have gained significant market power, leading to declining contract rates. While spot rates have already reacted, contract rates are expected to decrease for at […]
The FDA has recently published a set of new frequently asked questions (FAQs) and additional tools to assist the industry in understanding and complying with the FDA Food Safety Modernization Act (FSMA) Food Traceability Rule. The primary objective of the Food Traceability Rule is to streamline the identification and swift removal of potentially contaminated food […]
Implementing supply chain planning and operations solutions requires careful planning and collaboration to achieve success. Organizations must identify their desired outcomes and align them with their solutions provider. Here are five crucial practices that supply chain and business leaders should incorporate to ensure a smooth implementation process and avoid potential challenges. Collaborate with vendors to […]
The Customs and Border Protection (CBP) has announced the release of its highly anticipated final rule regarding continuing education for licensed customs brokers. This rule establishes a framework for implementing the requirement of ongoing education for individual customs broker license holders. According to the Federal Register notice issued by CBP, the objective of this framework […]
The Customs and Border Protection (CBP) office at the Los Angeles International Airport (LAX) has introduced a convenient solution for customs brokers, carriers, and freight forwarders seeking overtime appointments for agricultural inspections of perishable cargo entering the United States via air. These stakeholders can now utilize the CBP One Mobile Application, which serves as a […]
With the exception of its swift establishment following the September 11, 2001 terrorist attacks, the discontinuation of the Impracticable to Screen (ITS) Amendment is the fastest and most significant action taken by the Transportation Security Administration (TSA) in the history of air cargo exports. It’s worth recalling how long it took for Change 6 to […]
Executives and analysts in the physical economy are increasingly skeptical about the possibility of a rebound in the second half of 2023. This skepticism extends to containerized U.S. import volumes, which typically experience a peak season from late summer to autumn. While some believe that U.S. import demand has already hit rock bottom, new downside […]
In recent events concerning the West Coast Ports, the Pacific Maritime Association (PMA), acting on behalf of ocean carriers, and the International Longshore and Warehouse Union (ILWU) have found themselves at odds over reported disruptions. The PMA has accused the ILWU of engaging in disruptive actions at the ports of Los Angeles, Long Beach, Oakland, […]
