Domestic Freight Management
Reefer Volumes Increase Ahead Of Fall Holidays
The DAT is projecting increases in freight volumes ahead of Halloween and Thanksgiving. The average reefer load-to-truck ratio for 2018 continues to see year-over-year growth. See more here.
USPS Routine Price Increase Could Impact Trucking Industry
The USPS announced intentions to change its First-Class Package Service pricing model to zone pricing from flat price pricing. Analysts expect that this could increase demand for truckload mail and package delivery, furthering capacity issues in the United States. See more here.
International Freight Forwarding
Near-record US Imports Expected Through End Of 2018
The Global Port Tracker projects that imports in September 2018 will increase 2.7 percent year-over-year and that October 2018 imports will increase 4.3 percent year-over-year. Despite the continuation of newly proposed tariffs, consumer demand appears to outweigh tariff-related concerns. See more here.
Filers Submit First Round Of Section 301 Tariff Exclusion Requests
The Office of the United States Trade Representative (USTR) reported that nearly 10,000 comments for exclusion requests were collected for tariffs. The USTR proposed a 25 percent tariff for $34 billion worth of goods on July 6. See more here.
Port Of Oakland Shatters Record For Peak Season Cargo Volume
The Port of Oakland reported its busiest September in its 91-year history. Approximately 168,289 20-foot loaded import containers passed through the Port of Oakland in August 2018 and September 2018. See more here.
Retail Imports Remain Strong After Latest Round Of Tariffs
According to the latest Global Port Tracker report, import volumes at the United States’ largest ports are expected to remain near record-highs despite the recent round of tariffs. Because retail imports remain strong, retail suppliers will need to make sure their supply chains are performing at peak efficiency. See more here.
Sears Files For Bankruptcy, Potentially Leaving Black Hole For Retail Suppliers
Sears filed for bankruptcy on October 15. With the possibility of Sears going out of business, Sears suppliers might have to consider partnering with other retailers such as Walmart or Sam’s Club. See more here.
Statistic of the Week
The percentage of manufacturers who claim attracting and retaining top talent as their biggest barrier to growth, according to Supply Chain Dive. Click here to access more stats.
Links of the Week
Catch up with the Ascent Global Logistics team at the below upcoming events:
OUTDOOR RETAILER EXPO
Denver, CO – November 8-11, 2018
PMLA Private Label Show
Chicago, IL – November 11-13, 2018
67TH ANNUAL PORT OF NEW ORLEANS NIGHT
Memphis, TN – November 15, 2018