Reminder: Chinese New Year
Please remember that the Chinese New Year (CNY), which will begin on February 5, 2019, is quickly approaching. Importers should be working with suppliers to finalize any pre-holiday shipments as soon as possible. The CNY holiday will cause origin operations to cease during the official holiday dates with the potential to impact production and shipping for up to one month.
Please contact us or reach out to your Ascent Global Logistics representative if you need to book a last-minute expedited shipment.
Winter Weather In United States Could Cause Shipping Delays
This week, temperatures throughout the United States are expected to drop below zero degrees Fahrenheit. As a result, carriers are expecting to temporarily suspend Protect From Freeze which could cause shipping delays. See more here.
ATA Truck Tonnage Increased 6.6 Percent In 2018
The American Trucking Associations (ATA) Truck Tonnage Index increased 6.6 percent in 2018. The Truck Tonnage annual gain for 2018 was the highest since 1998. See more here.
US Government Reaches Temporary Deal To Reopen Federal Government
The Administration has reportedly reached a deal to temporarily reopen the federal government after a month-long shutdown. The temporary stopgap will continue to fund the government through February 15, 2019. See more here.
Import Delays Continue Due To Congestion And Chassis Shortages
Multiple sources report continued delays for importers at various ports, container yards and inland rail terminals. Factors contributing to continued delays include a surge in imports ahead of proposed tariffs and chassis shortages.
For more information, please contact us or reach out to your Ascent Global Logistics representative.
Air Freight Growth Slowing Down Due To Continued Trade Tensions
According to the IATA, air cargo freight ton kilometers (FTKs) grew zero percent year-over-year in November 2018. Factors that contributed to stagnant air cargo growth include proposed tariffs and new inventory restocking cycles. See more here.
Walmart Raises Truck Driver Wages In 2019
In a recent report from Retail Dive, Walmart is expected to raise truck driver wages by one cent per mile. By raising wages, Walmart hopes to attract top talent to alleviate capacity issues due to the driver shortage. See more here.
Walmart’s CTO Addresses Retail Fulfillment And Digital Transformation
Recently, Walmart’s CTO spoke about digital transformation and how it can impact suppliers’ delivery schedules to Walmart stores. Click here to listen to the full podcast.
Statistic of the Week
The increase in plant-based protein shipments year-over-year in November 2018, according to Food Logistics. 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