The following China regions, Qingdao City, Shandong Province and Henan Province, are experiencing new Covid 19 outbreaks and have resulted in corresponding shutdowns. These recent shutdowns have resulted in the following: Factories in the regions are locked down and inactive Outbound freight from those affected factories is currently halted Bookings meant for those outbound goods […]
What do global shippers have to look forward to during the last quarter of 2022? And, what’s in store for them in 2023? First and foremost is a real threat of a recession. The fact is that some financial experts have claimed we are already in a full blown recession. The 4th quarter of 2022 […]
We’ve highlighted everything a shipper needs to know, plus your free rate comparisons This week, as expected, UPS announced “an average” General Rate Increase (GRI) of 6.9% for 2023, which matches the average GRI increase that FedEx announced back in September. As with previous years, UPS’s rate increase will take effect a week earlier than […]
U.S. Postal Service Implements New First-Class Package Service Standards and Updates Priority Mail Service Standards On May 1, the Postal Service is taking additional actions to improve service reliability by announcing the implementation of changes to the First-Class Package Service (FCPS) service standards. This initiative is part of “Delivering for America,” the Postal Service’s 10-year […]
The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect July 10, 2022. The new prices, if favorably reviewed, include a two-cent increase in the price of a First-Class Mail Forever stamp from 58 cents to 60 cents. The proposed prices, approved by the Governors of the […]
As if there weren’t enough business disruptions for US Supply Chains, contract negotiations for the International Longshore & Warehouse Union (ILWU), the labor union responsible for West Coast port operations, are slated to begin this spring in the hopes of reaching an agreement in time for the July 1, 2022 current contract deadline. As someone […]
