According to the Associated Press, the Panama Canal recently announced that it will reduce the number of ships allowed to travel the Canal to 31 per day. This is down from 32 per day in August. The reason for this reduction is the ongoing drought that has limited the supply of fresh water available to operate the locks.
According to the Wall Street Journal, the amount of available warehouse space remains historically tight. The article details the current industrial real estate landscape, with a variety of graphs charting industry metrics like available space, industrial leasing activity, and retailer inventory-to-sales ratios.
With dedicated trucking services, your company can hire a 3PL provider to manage your transportation operations. The 3PL will dedicate equipment and staff solely to your business and will operate as though it is your company’s own transportation arm. The 3PL makes all investments in equipment, staffing, systems, and maintenance and charges you accordingly.
According to the JOC, the price of diesel fuel has increased by 20% over the last three months. This increase in fuel prices is likely to impact trucking companies and their customers as we head into the new year.
The recent Weber Logistics eBook,Supply Chain Agility: The New Logistics Superpower, describes the importance of having an agile 3PL partner that can anticipate disruptions and help you meet them head on. This ready-for-anything approach to logistics can keep your business responsive to changing markets and customer needs.
According to FreightWaves, import container volumes in August were up 0.4% from July and up 5.5% from June. August volumes were also 2.5% higher than pre-COVID volumes in August 2019, showing “continued consistency with 2019 results.”
The current contract for dockworkers at East Coast and Gulf Coast ports is set to expire over a year from now, in late September 2024. According to The Wall Street Journal, unions representing workers at ports from Maine to Texas have already begun contract talks with the ports in hopes of coming to an agreement well ahead of that expiration date.
To maximize sales revenue, brands often need to keep two sets of customers happy. Retail partners require compliance with their rigid vendor requirements. And eCommerce customers want their orders delivered fast and error free.
Whether container rates are up or down, chances are you’d like to pay less to import containers. Fortunately, there’s a straightforward way to reduce shipping costs when shipping into the Ports of L.A. and Long Beach. In this article, we’ll discuss the practice of importing products using higher shipping container weights and making use of the Overweight Corridor.
The products that you have sitting in your warehouse – or that of your 3PL warehousing partner – may not be in the configuration that they need to ship to the end customer. For example, you may need to combine multiple component products into one new re-configured (or ‘kitted’) product. Or you may need to break apart an existing kitted product into multiple component products. There are multiple variations of these configuration challenges.
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