Diesel Prices Rise 2.8 Cents For Third Consecutive Weekly Gain
The average US retail price of diesel fuel increased 2.8 cents to $3.076 per gallon last week. The national average price of diesel has increased 8.4 cents year-over-year for the same time period. See more here.
DOT Investigates Truck Drivers To Reduce Accidents
According to the JOC, the Department of Transportation (DOT) recently performed an audit of FMCSA’s medical certification procedures. The DOT continues to investigate truck drivers in an effort to reduce accidents and keep unqualified drivers off the road. See more here.
Power Of Attorney: Critical To International Shippers
The Power of Attorney is a crucial piece of documentation that gives the forwarder/broker vital information needed to begin handling “customs business” on behalf of the client. It should be treated with much importance when establishing a relationship with a forwarder/broker. See more here.
Ecommerce Platforms And Continuously Changing IT Create Regulatory Challenges
CBP processes up to 2 million ecommerce imports into the United States daily. As a result, CBP continues to overcome challenges by creating regulatory oversight and systems in the digital age. See more here.
Port Of Oakland Imports Increased 9 Percent In January 2019
The Port of Oakland’s containerized import volume increased 9 percent year-over-year to 81,895 TEUs in January 2019. According to an official statement from the port’s website, this was the busiest January in the port’s history. See more here.
Walmart’s Changes To OTIF In 2019
Last week, Walmart revealed changes to their On-Time In Full (OTIF) requirements to suppliers at the Walmart Supplier Summit in Northwest Arkansas. Beginning May 2019, Walmart will change the OTIF measurement to a review of On-Time case performance separate from In-Full case performance. See more here.
New FDA Food Import Regulations Could Impact Food Delivery Supply Chains
The Food and Drug Administration released an 18-page strategy document which highlights new proposed changes to food import regulations. Food and beverage suppliers for stores such as Kroger and Walmart will need to make sure they are partnered with a strong logistics partner who can help them navigate these new policies. See more here.
Statistic of the Week
The predicted loss in exports from the United States during 2019 due to tariff increases, 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:
HIGH POINT FURNITURE MARKET
High Point, NC – April 6-10, 2019
TIA CAPITAL IDEAS CONFERENCE
Las Vegas, NV – April 10-13, 2019
International Holiday Calendar