If you’re looking to catch up on all things container shipping in 2021, a recent article in Freight Waves has got you covered. The article looks, month-by-month, at all of the “stranger than fiction” events in the shipping world in the first six months of this year.
According to an article in Multichannel Merchant, UPS is issuing new surcharges which will hit shippers hard during this year’s peak season. These new surcharges will be applied between October 31 and January 15, with pricing based on percentage of package volume over and above February 2020 volumes.
According to an article in Freight Waves, FedEx Freight is suspending outbound shipments for approximately 1,400 customers in heavily-congested regions across the U.S. This reduction in service is part of an effort to better manage the high levels of freight that are inundating its LTL terminals across the country. Companies were notified Friday and the changes took effect on Monday.
A recent article in Freight Waves examines the unfolding crisis at the Port of Yantian, a major Chinese seaport. Due to a substantial increase in COVID-19 cases in the region, manpower at the Port is down by 70% because due mainly to quarantine restrictions and testing requirements.
As if supply chain professionals don’t have enough on their plate these days, we can now add the procurement of pallets to their list of concerns. A backbone of retail and grocery supply chains, pallets are now both hard to come by and much more expensive than they were prior to the pandemic.
Shipping delays that became common in the second half of 2020 continue to wreak havoc on supply chains in 2021. In March of this year, only 40% of container ships arrived on time at ports across the globe – compared to an average of 70% the last two years.
While the logistics industry hopes for good news on the driver shortage front, recent labor statistics are not delivering. April numbers are down from March, and March’s numbers were lower than initially thought.
If you have priced LTL transportation for your products in recent months, chances are that you’ve seen prices rise. A lot.
While they may not realize it, consumer returns come at a substantial cost to consumers. For every $1 billion in sales, the average retailer is incurring $106 million in merchandise returns. That is over 10%. These costs are ultimately passed on to consumers as prices are inflated to cover the cost of returns.
An article from the JOC shows that U.S. imports from Asia continued to climb in March. In fact, March was the second-busiest month on record, with imports jumping 22% from February and a whopping 90.5% compared to last March.
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