A looming strike with the International Longshoremen’s Association (ILA) on the Gulf and East Coasts could cost the economy $5 billion a day if a new contract isn’t signed before October 1. The strike would impact 36 US ports, spanning a huge geographical region, and have immediate and long-term effects as ports are vital hubs…
Category: International Logistics
FCL, LCL, P2P—the logistics world is riddled with confusing acronyms. Yet, success and cost savings are driven by understanding the details and learning to navigate the nuances. Ocean freight is a convenient, cost-effective option, especially when it comes to big, heavy goods. But, like any mode, there are benefits and drawbacks to consider when shipping…
When it comes to international freight, shippers need to get their products to the final destination quickly and cost-effectively. It’s of the utmost importance. But when shipping goods across continents, a critical decision comes to the fore: air or sea freight? Understanding the key differences between these two modes of transportation, along with their respective…
Global GDP shows a promising uptick in Q1 2024, coupled with anticipated inflation rates dipping below 3%. This outlook bodes well for the international freight sector, especially air cargo, where demand is forecasted to outpace capacity expansion, driving rates higher. Following a somewhat subdued performance in 2023, the freight industry is poised for significant growth…
By: Mollie LeBlanc, Vice President of Operations, Uber Freight, and Shradha Balakrishnan, Senior Product Manager, Uber Freight More than 80% of the world’s international trade occurs via ocean freight. With hundreds of thousands of containers spread across various ships and routes, shippers who work with ocean carriers need to know where their shipments are at…
With global trade flowing like the tides, the ocean freight industry highlights human ingenuity and the determination to connect markets across vast distances. Valued at a remarkable USD 75 million in 2022 and projected to reach USD 89.9 million by 2028, the industry’s growth is driven by the increasing demand for goods and services worldwide….
Originally published on Mexico Business Now By: Carlos Godinez, VP Business Development, Mexico Amid international trade wars and global supply chain delays, businesses in the US are increasingly setting up shop in Mexico. This tidal wave of business expansion creates a plethora of new opportunities and with the height of produce season just around the…
This year’s Commercial Vehicle Safety Alliance (CVSA) International Roadcheck (also known as DOT Inspection Week) will take place next Tuesday – Thursday, May 17-19. Over the course of this 72-hour event, commercial motor vehicles and drivers need to be prepared for inspections throughout the U.S., Canada and Mexico. What is International Roadcheck? During this large-scale…
Originally published in Mexico Business News By: Carlos Godinez, VP Business Development, Mexico This year marks another difficult year across the global supply chain with tight capacity, increasing inflation and lack of reliability continuing to trouble the industry. Carriers are facing high volatility, uncertainty and demand, while shippers need increased confidence so they can find…