In February 2019, the Cass Freight Index increased four percent month-over-month to 1.173. February expenditures increased 5.5 percent year-over-year to 2.874. See more here.
Truckers Bring Disaster Relief To Areas Impacted By Midwest Flooding
Truckers and relief groups continue to haul items such as clean water, food and personal hygiene products to disaster-stricken areas of the Midwestern United States. According to Freight Waves, inbound volumes are slowly rebounding, possibly due to the growing demand for supplies needed to aid recovery efforts. See more here.
CBP Issues Guidance For S301 List 2 Exclusions
The S301 List 2 Tariff Exclusions will extend through March 25, 2020. These exclusions will apply retroactively to the 25 percent tariffs for $34 billion worth of goods that began on July 6, 2018. See more here.
European Union Agrees To Brexit Deadline
The European Union agreed to extend the Brexit deadline from March 29 to May 22, 2019. Negotiations between the EU and UK are occurring at a time when the current number of drivers in Europe can only cover about 79 percent of shipping demand. See more here.
The Cost Of Ocean Ship Fires In 2019
In 2019, three major container ship fires have already been reported. Most recently, a fire aboard the Grande America increased oil pollution levels due to 2,200 metric tonnes of fuel being on board. See more here.
Sixth Annual Open Call For Walmart Suppliers
Walmart recently opened up its application for the Sixth Annual Open Call. This event is designed for Walmart to meet face-to-face with small American businesses who supply to Walmart stores. See more here.
Personalization Could Increase Retail Sales And Drive Demand For Retail Consolidation
Retailers such as Target and Walmart continue to adopt personalization in an effort to increase sales. As big-box retailers expand, suppliers to these stores will need a retail consolidation partner who can help them keep up with demand. See more here.
Statistic of the Week
The overall economic losses in Nebraska due to severe flooding, according to Transport Topics. 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
NCBFAA ANNUAL CONFERENCE
San Antonio, TX – April 14-17, 2019
International Holiday Calendar