NMFC Updates Effective April 27, 2019
Supplement 1 from the Commodity Classification Standards Board has been posted. This notice lists various changes to NMFCs and packaging rules that will go into effect on April 27, 2019. See more here.
Diesel Average Rises To $3.093 Per Gallon
According to EIA, the national average price per gallon for diesel fuel increased 1.5 cents to $3.093. The national average is up 5 cents year-over-year for the week of April 1-7, 2019. See more here.
EPA, TSCA And Wood Products Update
The Formaldehyde Standards for Composite Wood Products Act, also known as the TSCA Title VI, was fully implemented as of March 22, 2019 following a nine-year waiting period. From May 22, 2017 through March 22, 2019, products regulated by TSCA Title VI had to be labeled as TSCA Title VI or CARB ATCM Phase II compliant. See more here.
US Imports Could Increase In The Coming Months
Global Port Tracker predicted that import volumes would increase 5.9 percent year-over-year to 1.63 million TEUs in March 2019. April import volumes are expected to increase year-over-year to 1.75 million TEUs. See more here.
Panama Canal Authority (ACP) Imposes New Draft Restrictions
The Panama Canal Authority (ACP) imposed a draft restriction of 47 feet in mid-March. ACP plans to impose a more severe limit on April 11, 2019. See more here.
Walmart Helps Suppliers Reduce Global Carbon Emissions
Walmart recently announced the creation of an emission calculator for the Project Gigaton Emission Reduction program. This calculator could help suppliers reduce global carbon emissions by more than 93 metric tons by 2030. See more here.
Generation Z Enjoys Both Online And Brick-And-Mortar Shopping Experiences
According to a report from Marketing Insider, Generation Z sees both online shopping and brick-and-mortar shopping as complimentary. Suppliers for big-box retailers should prepare all supply chain activities for a retail environment where traditional stores are supported by mobile technology. See more here.
Statistic of the Week
The recent increase in wait times for trucks to cross the US-Mexico border, 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:
TIA CAPITAL IDEAS CONFERENCE
Las Vegas, NV – April 10-13, 2019
NCBFAA ANNUAL CONFERENCE
San Antonio, TX – April 14-17, 2019
2019 SWEETS AND SNACKS EXPO
Chicago, IL – May 21-23, 2019