Discover the latest trends and strategies used by criminals in cargo theft over the holiday breaks ..read more

Oil prices are subject to various economic and geopolitical shocks and are highly volatile. There are several factors dictating the price of crude depending upon where you are in the world. We’ll examine some of the main issues ..read more

A waning demand for trucking services could be the early warning sign of a recession, data analysts and experts say. The trucking industry has long been an accurate measurement of the country’s industrial stability. When demand for trucking services is high, we are producing goods for transport at a strong level. When trucking demand falls, it means the economy’s slowing down. Coming out of the pandemic the trucking industry was strong suggesting a solid recovery. 2022 is suggesting the recovery may have stalled ..read more

A bill of lading is one of the most important documents in the shipping industry.  A BOL is a legal contract for securing freight transportation services specifically describing the content of the shipment, delivery instructions, title transfer and payment terms. Always be aware of section 7 if you are not utilizing an established 3rd Party Logistics provider. The working notion of Section 7 is that it relieves the shipper of its normal obligation to pay freight charges where the party who was otherwise supposed to pay them fails to do so. That’s basically so, but it’s the way Section 7 ..read more

On March 10, 2022, the Commodity Classification Standards Board (CCSB) issued Supplement 1 to NMF 100-AU. The National Motor Freight Classification® (NMFC®) class code changes will go into effect on April 9, 2022 ..read more

The speed and volume of global supply chain transactions has steadily increased every year except for the Covid months. The volume trend is expected to continue while the speed and security requirements of transactions is increasing to keep pace with demand. To leverage this technology to its fullest potential for predicting future performance and optimizing operational efficiency, the collection and analysis of enormous amounts of data must be completed in real time. By utilizing this technology, the logistics supply chain is poised for all processes to become faster, more reliable and more ..read more

Just when you thought the pandemic was coming to an end Shanghai is in a strict lockdown attempting to contain a resurgence of Covid cases. Shanghai authorities began an immediate lockdown of the city’s 26 million residents late on Sunday after mass testing found "large-scale" COVID-19 infections throughout the financial hub. “Even a sporadic and short-live Covid resurgence could bring notable shocks to consumption and continue to weigh on consumer confidence for months after the Covid wave subsides,” Bank of America analysts wrote. With the exception of falling crude oil prices, al ..read more

Reshoring is the practice of bringing manufacturing and services back to the U.S. from overseas. It’s a fast and efficient way to strengthen the U.S. economy because it helps balance the trade and budget deficits, reduces unemployment by creating good, well-paying manufacturing jobs, and fosters a skilled workforce. Reshoring also benefits manufacturing companies by reducing the total cost of their products, improving balance sheets, and making product innovations more effective ..read more

Super shippers are renting entire cargo vessels @ $200,000 per day to ensure seasonal deliveries.  Euroseas (NASDAQ: ESEA) confirmed this week that it chartered its 2009-built, 4,250-twenty-foot equivalent unit container ship Synergy Oakland for 60-85 days at a gross rate of $195,000-$202,000 per day starting in the second half of October ..read more

A ..read more