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The current trucking market may be making some nostalgic for 2018.  Last year, shippers had to fight to secure sufficient truck capacity. This year, the tables have turned, and brokers and carriers are the ones calling around to find freight. Long haul trucking spot rates are 20% lower than last year. The Cass Freight Shipments […]
As tariffs on Chinese imports pile up, manufacturers are finding new ways to prove the adage “constraints breed creativity.” A time-tested strategy consists of shifting manufacturing operations to change a product’s country of origin. Shipping products that lack a “Made in China” sticker mitigate the effects of the $550 billion worth of US tariffs that […]
The arrival of Hurricane Dorian is a big signal that it is time to prepare for peak hurricane season. In fact, suppliers should make sure to prepare for a particularly powerful hurricane season this year. NOAA forecasters monitoring atmospheric patterns says that, due to the end of El Niño, conditions are more favorable for above-normal […]
On August 14, the DOT officially announced proposed changes to federal hours of service regulations for truck operators. The rule seeks to enhance safety and give commercial drivers more flexibility in managing their driving time. But amid indicators that indicate a possible freight recession, some are worried about the effect the new rules could have […]
Lately, it seems the shipping industry is staring down an all too familiar problem: the race to the bottom. This means annual RFPs and frequent carrier switching, costing shippers money as they spend time finding and onboarding new carriers. But it doesn’t have to be this way. With a bit of innovation, carriers can find […]
The European Union represents a unique project in economic integration. Likewise, Brexit represents a unique problem in trade relations. The single market created by the EU has meant an absence of duties and quotas for Member States, along with free movement for workers and a reduced administrative burden. While most hoped that a new FTA […]
As Hong Kong enters its tenth week of increasingly violent and disruptive demonstrations, both companies and the people on the ground are growing increasingly nervous. On Friday, roughly a thousand protestors dressed in black staged a sit-in at Hong Kong international airport, distributing flyers, and chanting “Do You Hear the People Sing?” from Les Miserables. […]
Shipping is cleaning up its act, but not everyone appears to be ready. Oceangoing vessels have burned heavy oil, the world’s dirtiest propulsion fuel, since switching over from coal. Starting on January 1, 2020, the industry will take a big step in the right direction– but for some, that step may be more of a […]
The container shipping industry has long had a healthy market environment with a wide selection of carriers to choose from. But in just the last few years, the industry has seen a sharp increase in consolidation. Some experts warn that we’re witnessing the formation of a loose oligopoly in container shipping. So how did this […]
These days, you don’t have to inhale to get a lift from the marijuana industry. With a market cap that is estimated to be as high as $77 billion by 2022, legalized cannabis has the potential to be so lucrative, it’s sometimes called the “green gold rush.” However, like the original gold rushes, investing in […]