The petrochemical market is reacting to volatility and widespread price increases for the past few consecutive months, leaving many buyers wondering what the reasons are behind it. Companies are especially feeling this added pain just as manufacturing makes its attempt at recovery in the post-pandemic world. Simply stated, there are two primary factors driving these... Read more »
As companies return to work from the holidays, major delays at U.S. ports around the country continue to cause supply chain headaches. This persistent port and rail ramp congestion and container chassis shortages were a problem heading into the new year, and there seems to be no end in sight. The excessive detention and demurrage... Read more »
As the COVID-19 pandemic continues, many companies are faced with looming uncertainties such as whether to stay open, how to keep their employees safe, and how will they keep their supply chain intact. While companies face these hurdles, trucking companies are facing the same and as more companies’ business slows, or halts, trucking companies are... Read more »
As concern about the spread of COVID-19, commonly known as the coronavirus, continue to develop in the U.S., many companies are beginning to look at the potential economic impacts of this virus on their businesses. What can you do to prepare? Here is what you need to know: Monitor your Supply Chain Closely Many producers... Read more »
Transportation and weather are two things that don’t mix. Every year transportation companies lose about $3.5 million to severe weather events. These delays not only affect the transportation companies, they affect the drivers, the consumers, the shippers, and the list could go on. Last year closures in March impacted more than 300,000 vehicles a day,... Read more »
Tariffs are not the only thing that is set to shake up the shipping industries. The International Maritime Organization (IMO) is setting out to make changes to the sulfur content that is allowed in the fuels being used by ships. This change is said to be one of the biggest changes that the oil and... Read more »
After a year of strong growth in the transportation industry it seems that this growth has begun to slow down. Many shippers are reporting that they have seen some easing in availability when scheduling trucks and are hopeful that the capacity crunch is beginning to balance out. Of course, many factors come into play when... Read more »
Just a mere two weeks ago a Midwestern regional less-than-truckload (LTL) carrier ceased operations. LME posted a notice on their website on July 11th stating that they will no longer be accepting pick ups effective immediately. LME joins the five other carriers that have been major closings in 2019. LME states on their website “Given... Read more »
After what seemed to be a never-ending amount of snow and polar vortexes, the Midwest is finally starting to warm up. Unfortunately, with the warm weather comes flooding and lots of it. Flooding that is making history began around March 15th and has wiped out miles of roads and bridges along the Missouri River. The... Read more »
With everyone wanting to start the new year off on a good foot, port congestion on the west coast has been causing headaches for importers. The congestion at the ports of Los Angeles and Long Beach that started around the beginning of the holidays has only gotten worse with no clear end in sight. High... Read more »
