Our industry’s cyclical pattern of tension and slack has become familiar to many of us. Freight volumes (demand) and active supply (trucks, drivers, trains, and containers) seek balance, but often fall somewhere across the balance spectrum. Currently, we are early in a shift from high tension to low. As such, there are several trends to keep an eye on as 2019 progresses.
Wanting to know how your supply chain compares to others in your industry (or the market at large) is natural. After all, knowing where you stand can influence your goals, planning, and strategies in the future.
Did you know that the U.S. – Canada border is one of the most important borders in the world?
Canada is the number one market for U.S. exports and 60% of Canada’s overall trade is with the United States.* Last week, the United States, Canada, and Mexico struck a new tri-lateral agreement to replace NAFTA, now called USMCA. Once ratified by all three countries, USMCA ensures the U.S. and Canada will remain strong trade partners into the future.
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.
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?