Reminder: Chinese New Year

Please remember that the Chinese New Year (CNY), which will begin on February 5, 2019, is quickly approaching. Importers should be working with suppliers to finalize any pre-holiday shipments as soon as possible. The CNY holiday will cause origin operations to cease during the official holiday dates with the potential to impact production and shipping for up to one month.
Please contact us or reach out to your Ascent Global Logistics representative if you need to book a last-minute expedited shipment.

Domestic

Winter Weather In United States Could Cause Shipping Delays

This week, temperatures throughout the United States are expected to drop below zero degrees Fahrenheit. As a result, carriers are expecting to temporarily suspend Protect From Freeze which could cause shipping delays. See more here.

ATA Truck Tonnage Increased 6.6 Percent In 2018

The American Trucking Associations (ATA) Truck Tonnage Index increased 6.6 percent in 2018. The Truck Tonnage annual gain for 2018 was the highest since 1998. See more here.

International

US Government Reaches Temporary Deal To Reopen Federal Government

The Administration has reportedly reached a deal to temporarily reopen the federal government after a month-long shutdown. The temporary stopgap will continue to fund the government through February 15, 2019. See more here.

Import Delays Continue Due To Congestion And Chassis Shortages

Multiple sources report continued delays for importers at various ports, container yards and inland rail terminals. Factors contributing to continued delays include a surge in imports ahead of proposed tariffs and chassis shortages.

For more information, please contact us or reach out to your Ascent Global Logistics representative.

Air Freight Growth Slowing Down Due To Continued Trade Tensions

According to the IATA, air cargo freight ton kilometers (FTKs) grew zero percent year-over-year in November 2018. Factors that contributed to stagnant air cargo growth include proposed tariffs and new inventory restocking cycles. See more here.

Retail Consolidation

Walmart Raises Truck Driver Wages In 2019

In a recent report from Retail Dive, Walmart is expected to raise truck driver wages by one cent per mile. By raising wages, Walmart hopes to attract top talent to alleviate capacity issues due to the driver shortage. See more here.

Walmart’s CTO Addresses Retail Fulfillment And Digital Transformation

Recently, Walmart’s CTO spoke about digital transformation and how it can impact suppliers’ delivery schedules to Walmart stores. Click here to listen to the full podcast.

Statistic of the Week

20 Percent

The increase in plant-based protein shipments year-over-year in November 2018, according to Food Logistics. Click here to access more stats.

Links of the Week

FTR Shippers Conditions Index Turns Positive For First Time In More Than Two Years

AAR Reports Annual US Carload And Intermodal Gains For Week Ending January 19

Workers Protest Part Of Los Angeles’ Plans To Increase Automation

WTO Dispute Panels Will Examine Proposed US Tariffs 

Upcoming Events

Catch up with the Ascent Global Logistics team at the below upcoming events:  

ORGILL HARDWARE DEALER MARKET
Orlando, FL – February 21-23, 2019

TPM ANNUAL CONFERENCE
Long Beach, CA – March 3-6, 2019

International Holiday Calendar

cliff notes holiday calendar

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