The boom at U.S. shopping ports is not even close to being over. Even with many economists stating that the nation is entering a recession, America’s ports continue to make historically high profits. The Long Beach, California, and Charleston, South Carolina ports report record highs. Long Beach reported 890,989 twenty-foot equivalent units which is the […]
Ships from bygone years are again hitting the seas. The rust buckets have become gold mines as they are repaired and fueled to meet the growing needs of shipping companies. The shortage of new vessels has made the value of the aging container ships skyrocket. Shipping companies are requiring long-term leases of three to four […]
In a recent webinar carried out by the Journal of Commerce the state of the supply chain was documented along with a discussion on freight shipping coupled with consumer demand. JOC Executive Editor Mark Szakonyi carried out the webinar session along with supply experts Steve Hughes, CEO of automotive supply chain firm HCS International and […]
Customs and Border Protection (CBP) has created a guide to assist the trade community with compliance on trade remedies for sections 201, 232, and 301, and provide sources of knowledge to aid with inquiries dealing with trade remedy issues. These Trump-Era Chinese Tariffs deal with solar imports, steal, and give the US the ability to […]
Ocean freight rates between the US West Coast and China remain high. In fact, they are higher than they were in April 2020. Long-term contracts involving shipments moving over three months remain 2.7% higher than short-term transpacific movement. The average cost to move a 40-tot container from China to the US west coast via a […]
With prices skyrocketing across the board, who doesn’t want to see a dip in costs? Luckily, it looks like ocean freight rates might start to decline in the early part of 2023. Without a doubt, demand for shipping space has reached an all-time high but at this time, consumer demand has started to subside which […]
Are you wondering what the difference is between air and ocean freight? If you are an importer or exporter, then you’ll need to pay attention to how each varies. Each one has its own set of pros and cons. Choosing between air or ocean freight will depend predominately on what you are shipping: size, weight, […]
A new guidance has been released by Customs and Border Protection (CBP) to assist with preparing for the execution of the Uyghur Forced Labor Prevention Act (UFLPA) rebuttable presumption, which is an assumption made by a court that is taken to be true unless someone contests it. Taking effect on June 21, the UFLPA was […]
Decision intelligence has become a new term being bantered about the supply chain. Decision intelligence is viewed as an evolving field that focuses on simple decisions. Things like shifting a load to a new or different carrier if the price exceeds the preset amount or moving production from one facility to another if the factory […]
With congestion getting worse at the ports, experts were saying that things may not clear up until 2023, but now they’re saying that this is the new norm that people need to get used to. Federal Reserve Chairman Jerome Powell lamented, “It is frustrating to see the bottlenecks and supply chain problems not getting better.” […]
