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Freight Market Update

Transpacific Air and Ocean Shipping Space Is Already Tight

Transpacific Air and Ocean Shipping Space Is Already Tight | Transportfolio

If you’ve heard the term “perfect storm” applied more to transportation lately than you have since the book by Sebastian Junger came out in 1997, you’re not alone. Unfortunately, it’s the best way to describe what is happening right now in the air and ocean freight markets. Peak shipping season has heated up early. The perfect storm is upon us. Rates are up on the spot market, and air and ocean space are hard to find. We recommend you take action now to ensure your holiday shipments are covered.

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How Transportation’s Role is Changing in Today’s Market

Many would argue that the role of transportation services within business has been changing over the past few years. I agree. But I also ask: is transportation what has really changed? Or is transportation only becoming increasingly important because of everything else that has changed?

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Up for Discussion: A First Glance at Congress’s Next Infrastructure Bill

On Monday July 23, 2018, retiring House Transportation and Infrastructure Committee Chairman, Rep. Bill Shuster, released a discussion draft of an infrastructure bill, otherwise known as a highway bill. While there is little chance of this bill passing this year or next, it is meant to set the boundaries of the debate as Congress looks to a 2020 expiration date of the FAST Act (the last infrastructure bill).

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FMCSA Releases Guidance: Personal Conveyance by Commercial Truck Drivers

On May 31, 2018, FMCSA issued updated guidance on use of personal conveyance by commercial truck drivers. Previously, guidance had restricted the use of personal conveyance to “unladen” vehicles, which many interpreted as bobtail or power only moves. This final guidance makes clear that drivers can use personal conveyance for laden vehicles in certain circumstances.

One of the biggest impacts this guidance will have is to finally provide clear guidance on what to do when a driver runs out of hours on private shipper property due to unexpectedly long loading or unloading delays. Previously there was no clear answer to this as we outlined in this blog from December 2014.

Specific information about the guidance
C.H. Robinson submitted comments specifically asking FMCSA to address this question and they responded as follows:

The following are examples of appropriate uses of a CMV while off-duty for personal conveyance that include, but are not limited to:
Time spent traveling to a nearby, reasonable, safe location to obtain required rest after loading or unloading. The time driving under personal conveyance must allow the driver adequate time to obtain the required rest in accordance with minimum off-duty periods under 49 CFR 395.3(a)(1) (property-carrying vehicles) or 395.5(a) (passenger-carrying vehicles) before returning to on-duty driving, and the resting location must be the first such location reasonably available.

New guidance adds flexibility
All ELDs have the ability to currently log personal conveyance time. This new guidance by FMCSA will allow drivers significantly more flexibility in the use of safe and appropriate personal conveyance than they were previously able to use.

China, Tariffs, and Trade Policy. What’s Going On?

China, Tariffs, and Trade Policy. What’s Going On? | C.H. Robinson

If changes in trade policy have been giving you and your team whiplash lately, you’re not alone. A lot has happened recently on the global stage, and there is a lot to sift through. We compiled some of the top concerns we hear from customers. Read this summary, and consider how you will manage potential disruptions to your supply chain as developments continue to unfold. 
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April Market Update: Transportation Industry News

MarketUpdateTrans

The U.S. economy added 215,000 jobs in March, nudging the unemployment rate to 5%. Despite the positive numbers, according to The Washington Post, a close eye is still being kept on the weakening global growth from the slowdown in China. Learn more about this and other marketplace topics in this month’s update. We welcome your thoughts on the issues that are impacting the transportation industry and your business.
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March Market Update: Transportation Industry News

MarketUpdateTrans

We’re hearing a lot about mega ships and an increase in shipments to East and West Coast ports, a technician shortage, and changes in government regulations. Learn more about these topics in this month’s update. We welcome your thoughts on them and others that impact the transportation industry and your business.
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February Market Update: Transportation Industry News

MarketUpdateTrans

There are many market indicators and government regulations that can affect your business decisions, from truck utilization percentages to new compliance initiatives. Another important topic that’s not always included in industry reports—but can impact the transportation industry just as much—is drivers’ health and wellness. These topics and more are addressed in this month’s update, and we welcome your thoughts on them.
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January Market Update: Transportation Industry News

MarketUpdate_Trans

We’re in the full swing of the new year, and eyes are on the many market influencers and disruptors that can affect the decisions you make for your business, from carrier capacity and the driver shortage to government regulations and legislation. This month, we highlight five key factors that impact the transportation industry in North America. We welcome your thoughts on these factors.
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December Market Update: Transportation Industry News

MarketUpdate_TransAccording to the second estimate of gross domestic product (GDP) for the third quarter from the United States Bureau of Economic Analysis (BEA), economic growth rose 2.1%, which is a faster pace growth than originally expected. This revision reflects that domestic demand continues to grow at a steady pace; consumer spending, business fixed investment, and residential investment aided in the boost. Read the December Market Update for more highlights on key factors that impact the transportation industry in North America. Then, share your thoughts on these topics and other issues that affect your business.

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