Ascent Global Logistics Blog
On July 8, 2021, the Commodity Classification Standards Board (CCSB) issued Supplement 2 to NMF 100-AU. The National Motor Freight Classification (NMFC ) class code changes will go into effect on August 7, 2021.
Although the bill of lading (BOL) plays a crucial role in the international shipping process alongside the commercial invoice and packing list, its importance is not always understood. Beyond reviewing Incoterms and terms of sale, the bill of lading is essential to include in discussions between the buyer and the seller.
As inbound container quantities, load volumes and fuel prices have continuously risen throughout the first half of 2021, freight rates and demand across all transportation modes remain high. Although forecasting continues to be unpredictable due to the significant downturn in 2020 skewing year-over-year comparisons, market trends indicate that little to no relief is on the horizon amidst constricted industry capacity and a depleted driver pool.
Please be advised that the Commodity Classification Standards Board (CCSB) has released a Notice of Disposition outlining the proposed amendments considered at the public meeting on June 8, 2021. Dispositions resulting in amendments to the National Motor Freight Classification© (NMFC©) will be published in a supplement to the NMFC unless reconsideration is granted.
Using a transportation management system (TMS) as a centralized repository for logistics activities can produce many benefits for shippers. By partnering with a dedicated team of experts to assist with logistics management, shippers can save time and money due to increased control, improved transparency and streamlined processes.
Regardless of how much industry experience you have, determining freight classification and staying in line with the National Motor Freight Traffic Association’s (NMFTA) rules can be frustrating, especially if you get it wrong.
Many fireworks are classified as dangerous goods, also known as hazardous materials (HazMat). It’s no surprise that the transportation process for dangerous goods, such as fireworks, is drastically different compared to general cargo.
Leveraging technology within supply chain management seems like a logical approach; however, many businesses still manage shipments manually, which can drastically reduce visibility due to the lag time of manual updates and responses from a customer service team.
At a Glance:
- Consumers have purchased a record number of goods, especially in home and lifestyle categories.
- Quarantine has drastically limited spend on services, events and vacations.
- Government stimulus has provided U.S.