Expanding a business internationally can seem like a daunting prospect in the best of times, and especially in 2017. Brexit, American political unrest, and a growing strain of economic nationalism have created an uncertain outlook for global trade, but these factors alone should not deter businesses from pursuing expansion. The rise of e-commerce, sophisticated data […]
Wal-Mart is launching its “On-Time, In-Full” (OTIF) initiative this month, putting the squeeze on shippers and truckers and likely starting an industry-wide push towards tighter delivery windows. OTIF demands that truckload deliveries arrive with 100 percent of the promised cargo, and be delivered on the “must-arrive-by” date 75 percent of the time (95 percent by […]
Dedicated trucking’s popularity is on the rise, as both shippers and carriers embrace it as a way to guarantee capacity and escape the volatility that has engulfed the industry as a whole. According to A.C. Kearney’s 2017 State of Logistics Report (subtitled “Accelerating into Uncertainty”), spending on dedicated and private fleets has risen 0.7 percent […]
The unprecedented scarcity of US warehouse and distribution space is driving prices up and forcing shippers to develop innovative solutions. According to JOC, warehouse rental prices have risen 10% over last year in coastal markets (New York-New Jersey, Long Beach, and Los Angeles) with rates in smaller markets following close behind. Warehouse space is all […]
On July 1, China’s state-owned Cosco Shipping Holdings announced a bid to purchase a controlling share of Orient Overseas (International) Ltd. (OOIL) for a staggering $6.3 billion. Cosco’s acquisition of OOIL marks the latest (and possibly the last) in a wave of carrier consolidation that is reshaping the international shipping industry, which has struggled to […]
Last month, the Journal of Commerce/IHS Markit published a white paper titled Port Productivity: Finding New Efficiencies Through Collaboration, which confirmed what many in the industry already knew: relationships between terminals and carriers are fundamentally broken. The report strongly calls for increased communication between ports and investment in data technologies that could benefit the entire […]
“How do I optimize my freight budget?” This is one of the first questions every business owner asks a logistics professional, and the first step is educating yourself about your specific needs in the current freight environment. All too often, businesses treat their transportation budgets as a chore or an afterthought, but they can be ripe […]
Congress is eyeing changes to the Shipping Act in an effort to support domestic service providers in rate negotiations with carrier alliances. The tugboat industry has led the charge in protesting the alliances’ plan to jointly negotiate for contracts, which they maintain would foster an anti-competitive environment and force them to accept non-compensatory rates for […]
For decades, the majority of Asian Imports have passed through West Coast ports, but that balance seems to be shifting. The East Coast, Gulf Coast, and even Canada are each claiming a larger share of the market, a trend that will likely continue as ports grow to accommodate a new wave of mega carriers. According […]
This year, logistics professionals have noticed a resurgence of interest in intermodal shipping, the practice of moving containers across multiple forms of transport (rail, ship, and/or truck). Intermodal’s popularity subsided somewhat in 2015 and 2016, when excess capacity caused trucking prices to plummet. But as trucking rates rise in 2017, shippers are once again interested […]