Domestic Freight Management
DAT Weekly Trends Show Increased Rates Due To Holiday Season
According to the DAT, weekly spot market rates for December 23-29, 2018 increased for dry van, refrigerated and flatbed freight. Factors such as increased load-to-truck ratios and lower overall capacity contributed to these rate increases. See more here.
FMSCA Strikes Down California Meal And Rest Break Rules
In a recent ruling, the FMSCA decided that California’s proposed meal and rest break rule can not overrule the federally mandated meal and rest break rule for truck drivers. Afterwards, the ATA released a statement claiming that the ruling could save trucking jobs and unburden business’ domestic supply chains. See more here.
International Freight Forwarding
New Year’s Resolutions For Importers And Exporters In 2019
Importers and Exporters are encouraged to set some New Year’s goals for their logistics program, seeking to build a more robust compliance program. See our list of some New Year’s resolutions for 2019 that can make every future year just a little easier to manage.
Modernized Duty Drawback Has Officially Arrived
On December 17, 2018, the long anticipated final ruling for duty drawback regulations went into effect. These changes and processes were directed by the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA). See more here.
FMC Closed As Part Of US Government Shutdown
On December 26, 2018, the Federal Maritime Commission announced all commission employees would be placed on furlough until the shutdown ends. As a result, FMC will not be accepting formal or informal filings. See more here.
Ruling In India Could Impact Walmart’s Expansion Into Southern Asia
A recent ruling in India states that a foreign retailer such as Walmart would need to source no more than 25 percent of their product from a single third-party vendor. As a result, Walmart would need to re-evaluate their delivery supply chain in India by February 1, 2019. See more here.
Walmart’s Grocery Delivery Plans For 2019
Early in 2018, Walmart announced a new last-mile grocery delivery program called Spark Delivery. Walmart’s extensive network of stores, warehouses and distribution centers could allow them to create an on-demand grocery delivery service. See more here.
Statistic of the Week
The estimated number of shoppers who shopped at dollar stores over the holiday season, according to Retail Dive. 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