According to a report in Freightwaves, The Bank of America believes that trucking demand is “near freight recession levels,” According to the report, shippers’ outlook on rates, capacity and inventory levels are matching attitudes not seen since May and June of 2020, when pandemic lockdowns sent freight volumes into a historic decline. In a Friday […]
Today, the Biden administration is expected to announce that the Port of Los Angeles will begin working “24/7.” This operational change, the administration states, is expected to relieve pressure on an already disrupted supply chain that has been an ongoing challenge for over a year now. In addition, several large importers and global logistics providers […]
UPS has advised its customers in a note recently posted to their website, that they will push back their “ON-TIME’ Delivery service to certain residential locations to noon from the former 10:30 am delivery commitment. This change will become effective on October 18, 2021, and will remain in effect until further notice. The note posted on […]
Adding to shipper’s woes regarding increased shipping costs, according to the Energy Information Administration, the National Average price for diesel fuel has soared by 7.1 cents a gallon to reach $3.477 a gallon. That’s the highest price the nation has seen for diesel since the week of Dec. 8, 2014, when it was $3.535 a […]
Increased shipping costs in today’s Covid business environment is not new to shippers or to John Q. Public for that matter. Add to that, rising inflation that we are beginning to experience and you can see an opening of the door to ever higher postage rates. So, the U.S. Postal Service has announced a new […]
FedEx Corp this week announced that their 2022 rates for both Parcel and LTL shipments will be increased at higher levels than they had previously published over the past 8 years. FedEx stated their shipping rates would go up on average 5.9%, meaning some increases will be lower than 5.9% and some will be higher than 5.9% next […]
