News

Container Weight Verification Rule

Dec 10, 2015
Supply Chain Alerts

The International Maritime Organization (IMO) has adopted a new requirement under the Safety of Life at Sea (SOLAS) Chapter VI, Part A, Regulation 2. The new container weight verfication rule will go into effect on July 1, 2016, and will impact shippers from 171 countries due to the added requirements of necessary documentation.

This amendment to SOLAS states that the shipper is responsible for providing the container’s gross verified weight to the ocean carrier and port terminal representative prior to the container being loaded on a ship; regardless of who packed the container.

Retailers In ‘Final Balancing Act’ Of Holiday Merchandise Supply And Demand

Dec 8, 2015
Global Logistics

National Retail Federation

Import cargo volume at the nation’s major retail container ports is expected to be essentially unchanged from last year this month as stores bring in the last round of merchandise for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

Transpacific Eastbound General Rate Increase (GRI)

Dec 8, 2015
Ocean Market

The following announced levels from carriers are for General Rate Increases (GRI) as well as Bunker Fuel Level updates for the dates listed below.

Economic Update – November 2015

Dec 7, 2015
Economic News

“The U.S. LEI rose sharply in October, with the yield spread, stock prices, and building permits driving the increase,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Despite lackluster third quarter growth, the economic outlook now appears to be improving. While the U.S. LEI’s six-month growth rate has moderated, the U.S. economy remains on track for continued expansion heading into 2016.”

November 2015 Manufacturing ISM Report on Business

Dec 7, 2015
Economic News

Institute for Supply Management

Economic activity in the manufacturing sector contracted in November for the first time in 36 months, since November 2012, while the overall economy grew for the 78th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM^® Report On Business^®.

Chennai Airport Closed Due to Flooding

Dec 3, 2015
Supply Chain Alerts

Heavy rain fall in Chennai, India over the last three weeks has led to flooding, and the severe weather is predicted to continue for the next 72 hours.

Final ‘Driver Coercion’ rule is published in Federal Register, will take effect in January

Nov 30, 2015
North America Transportation

Logistics Management

Earlier today the final rule for the Federal Motor Carrier Safety Administration’s “Prohibiting Coercion of Commercial Motor Vehicle Drivers,” which is more commonly known as the driver coercion rule, was published in the Federal Register.

September 2015 Freight Transportation Services Index (TSI)

Nov 23, 2015
North America Transportation

United States Department of Transportation

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.2 percent in September from the revised August level, rising after remaining unchanged in the previous month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). The September 2015 index level (123.4) was 30.3 percent above the April 2009 low during the most recent recession.

Port Tracker report calls for strong holiday sales projections to lead to import volume gains

Nov 13, 2015
Economic News, Global Logistics, Ocean Market

Logistics Management

Annual growth for import cargo volume at United States-based retail container ports appears to be in the cards with holiday shopping season underway, according to the Global Port Tracker report from the National Retail Federation (NRF) and maritime consultancy Hackett Associates.