Ascent Global Logistics Recognizes Outstanding Team Members With Prestigious Everest Award
Ascent Global Logistics has recognized four team members for outstanding achievement, innovation-driven performance and steadfast commitment to excellence with its annual Everest Award. The four winners of the Ascent Global Logistics 2018 Everest Award include Kelli Boles, Steve Carson, Paige DeWitt and Eton Walters. See more here.
New England Motor Freight Files Voluntary Chapter 11 Petition
New England Motor Freight (NEMF) announced on February 11, 2019 that it voluntarily filed for relief under Chapter 11 of the US Bankruptcy Code. As a result, Ascent Global Logistics has deactivated NEMF from our TMS systems. See more here.
How To Avoid International Cargo Catastrophe
After the fire broke out on the Hapag-Lloyd vessel Yantian Express, Hapag-Lloyd formally declared General Average. As a result, shippers who did not purchase cargo insurance for their cargo will be held responsible for their financial portion of the ocean carrier’s loss in this fire. Make sure you avoid international cargo catastrophe by protecting your cargo. See more here.
CBP Issues Guidance On S301 Tariff Exclusions
The first list of exclusions for S301 tariffs List 1 was published in December 2018, but they were not implemented into the 2019 Harmonized Tariff until after the government reopened in January 2019 and programming was completed. The new HTS 9903.88.05 should now be paired up with any item that is eligible for exclusion from List 1 S301 tariff. See more here.
Fuel Supply Could Be Inadequate For Ocean Shippers To Comply With Ultra-Low Sulfur Diesel Fuel Regulations
According to an analysis performed by Wood Mackenzie, insufficient low-sulfur diesel fuel is available to replace fuel used by ocean shippers. The shipping industry needs to replace up to 3 million barrels per day of marine fuel; however, the global supply of ultra-low sulfur fuel is projected to increase to 1.7 million barrels per day by 2024. See more here.
Partner With Prime Distribution Services, An Ascent Global Logistics Company, At The Upcoming Walmart Supplier Summit
Prime Distribution Services, An Ascent Global Logistics Company, will be available to speak with Walmart suppliers at the Walmart Supplier Summit on February 26-27, 2019 in Bentonville, AR. If you are a Walmart supplier who is looking for help with meeting OTIF requirements, please contact us to schedule a time to meet with Prime before or after the breakout sessions.
Walmart Online Sellers Can Now Offer Two Day Shipping
Through its partnership with Deliverr, Walmart is able to offer two-day shipping to any merchant who sells their products on walmart.com. Therefore, it is important that Walmart suppliers continue to look for a retail consolidation partner who can help them improve their supply chain visibility. See more here.
Statistic of the Week
The amount of revenue the freight industry is expected to earn in 2022, 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:
NPDFA ANNUAL CONVENTION AND SHOWCASE
Atlanta, GA – February 11-14, 2019
ORGILL HARDWARE DEALER MARKET
Orlando, FL – February 21-23, 2019
TPM ANNUAL CONFERENCE
Long Beach, CA – March 3-6, 2019