Domestic Freight Management
AATA Truck Tonnage Index Rose In November 2018
The Truck Tonnage Seasonally Adjusted Index (SA) increased 0.4 percent in November 2018 to 118.9. The ATA Truck Tonnage Index increased because of factors such as increases in import volumes and a strong retail market. See more here.
US Postal Service Continues To See Significant Increases In Parcel Shipments
According to a news release from the US Postal Service (USPS), the USPS expects to deliver up to 3 billion pieces of mail and packages in the week leading up to Christmas. Overall, the USPS expects to deliver 16 billion packages and parcels between Thanksgiving and New Years’ Day in 2018. See more here.
International Freight Forwarding
USTR Issues Federal Trade Notice For List 3 S301 Tariffs
Sources from the White House confirmed that the United States Trade Representative (USTR) issued a Federal Register notice instructing CBP to delay collection of the 25 percent S301 tariff rate on List 3 goods through March 1, 2019. Starting on March 2, 2019, the tariff rate will increase to 25 percent. See more here.
US Ports Of Entry Experiencing Significant Delays Due To January 1 Deadline
As a result of the anticipated 25 percent tariff increase scheduled for January 1, 2019, ports along the west coast of the United States have had to withstand a significant surge in extra container vessels (loaders) over the last month. Inland ports, such as Chicago and Memphis, have also been impacted due to increased rail cargo. See more here.
Port Of Long Beach Sees Near Record Cargo Volume In November 2018
In November 2018, the Port of Long Beach handled 621,835 twenty-foot equivalent units (TEUs) of container cargo, which is a 1.5 percent year-over-year increase. Year-to-date cargo volumes have increased 7.3 percent. See more here.
Retail Trends Expected For 2019
In 2019, industry experts predict that the retail industry will continue to see automation change the in-store and online shopping experience. As a result, big box retail suppliers will need a consolidation partner who can assist them in a continuously changing retail environment. See more here.
Sam’s Club Continues To Improve Its In-Store Customer Experience
As Sam’s Club continues to create a more personalized experience for its customers, Sam’s Club suppliers could see increasingly strict OTIF requirements. As a result, it is important that Sam’s Club suppliers have the resources to continue to adapt to a consistently changing marketplace. See more here.
Statistic of the Week
The number of twenty foot import containers imported by the Port of Oakland in November 2018, according to Logistics Management magazine. Click here to access more stats.
Links of the Week
Catch up with the Ascent Global Logistics team at the below upcoming events:
TUPELO FURNITURE MARKET
Tupelo, MS – January 10-13, 2019
PPAI EXPO 2019
Las Vegas, NV – January 13-17, 2019
TPM ANNUAL CONFERENCE
Long Beach, CA – March 3-6, 2019