The Federal Maritime Commission (FMC) recently announced that two major shipping companies have collectively paid a total of $2.65 million in civil penalties, resolving allegations of misconduct brought forward by the FMC’s Bureau of Enforcement, Investigations, and Compliance. Ocean Network Express Ptd. Ltd. (ONE) entered into a compromise agreement with the FMC in April to […]
The trans-Atlantic shipping industry has been experiencing a decline in rates for several weeks, as imports from Europe have fallen. The COVID-19 pandemic has caused significant disruptions to global trade, resulting in reduced demand for shipping services. Additionally, the ongoing shortage of shipping containers and capacity constraints at ports has further exacerbated the situation. The […]
In preparation for Mother’s Day on May 14th, agriculture specialists from Customs and Border Protection (CBP) have conducted inspections on over 1 billion cut flower stems across the United States since April 1st. These flowers are sourced from suppliers in Europe, Asia, Africa, and South America. Colombia stands as the primary shipping country, accounting for […]
The supply chain industry is set to be revolutionized by a new generative artificial intelligence (AI) software developed by researchers at Stanford University. The software, called AttnGAN, uses a novel deep learning technique to generate high-quality images of products, which could help streamline the supply chain process. The software works by taking a textual description […]
Data from the rail industry is shedding light on the current challenges facing the supply chain industry. The COVID-19 pandemic has caused significant disruptions to global trade, resulting in delays and bottlenecks throughout the supply chain process. Rail data from the Association of American Railroads (AAR) shows that carload volumes are down compared to pre-pandemic […]
The freight market has been experiencing a downturn for the past few months, leading many to wonder if it has finally hit the bottom. The COVID-19 pandemic has caused significant disruptions to supply chains, resulting in a decrease in demand for freight services. However, the recent uptick in consumer spending and economic activity has raised […]
Venable LLP’s Lydia Childre has provided a brief update on the US Department of Commerce’s investigation into circumvention of antidumping and countervailing duties (AD/CVD) for solar cells and modules imported from Malaysia, Vietnam, Thailand, and Cambodia, made with parts and components originating from China. The investigation has undergone recent developments in Congress and the DOC. […]
The National Customs Brokers & Forwarders Association of America (NCBFAA) and the Airforwarders Association (AfA) have joined forces to lobby Congress for critical funds to improve the handling infrastructure of air cargo at US airports. According to the organizations, the lack of investment in this essential aspect of the logistics chain seriously threatens its viability. […]
In the first quarter of 2023, air cargo growth is rebounding from the impact of COVID and is expected to resume its typical annual increase in demand. However, this growth may lead to an overwhelming demand for airports in the next 20 years, as it is estimated to increase by around 50%. The National Customs […]
The latest advancement in artificial intelligence (AI), chatbots, is being considered by logistics experts to improve supply chain operations. Software providers, such as Blue Yonder Group, SAP, and Manhattan Associates, are developing research programs to examine how generative AI can enhance forecasting, procurement, inventory management, and shipping decisions. These chatbots are being viewed as “super […]
