Winter Weather Across United States Likely To Cause Shipping Delays
In the past two weeks, the Midwestern and Northeastern United States have seen winter weather cause road closures, power outages and shipment delays. As a result, trucking companies report delays could last into next week. See more here.
Class 8 Sales Positive In December 2018
Sales for US Class 8 trucks rose 16.7 percent year-over-year in December 2018 to 26,083. Approximately 20 percent of all sales were part of fleet expansions as trucking companies increase capacity. See more here.
UPDATE: 15 Effects Of The Government Shutdown On Imports And Exports
As the longest United States government shutdown in history continues, importers, exporter and trade agencies continue to feel the effects. Many essential and non-essential government agencies continue to operate at reduced capacity due to the discontinuation of non-essential services. See more here.
Legislation To Delay Section 232 Tariffs On Autos Introduced
In a recent trade report from Sandler, Travis & Rosenberg, members of the United States Senate are proposing legislation to delay Section 232 tariffs. The Department of Commerce will need to determine whether or not to conclude its investigation on Section 232 tariffs of automobiles and automobile parts by February 17, 2019. For more information, please contact us or reach out to your Ascent Global Logistics representative directly.
December US-Bound Ocean Imports Finish Strong In 2018
According to global trade intelligence firm Panjiva, ocean freight imports entering the United States increased 6.4 percent year-over-year to 12,346,524 in 2018. Shipments in December 2018 increased 8.8 percent year-over-year to 1,053,009. See more here.
Walmart Plans 2,000 Hires For Continued Technology Development
Walmart expects to hire 2,000 new technology workers in 2019. This new round of hires could continue to drive innovations that could impact Walmart suppliers’ delivery to Walmart stores. See more here.
Supply Chain Optimization A Key Topic At National Retail Federation’s “Big Retail Show”
The National Retail Federation just concluded one of its main trade shows of 2019. During the show, many keynote speakers discussed the importance of making sure retail suppliers utilize the right mixture of technology and people to improve supply chain visibility. See more here.
Statistic of the Week
The year-over-year increase in the Freight Transportation Services Index (TSI), according to the Bureau of Transportation Statistics. Click here to access more stats.
Links of the Week
Catch up with the Ascent Global Logistics team at the below upcoming events:
ORGILL HARDWARE DEALER MARKET
Orlando, FL – February 21-23, 2019
TPM ANNUAL CONFERENCE
Long Beach, CA – March 3-6, 2019
International Holiday Calendar