Shipper to Congress: inflation ‘rampant’ through supply chain
Congress received an on-the-ground report from an industrial shipper on how rapid price increases for goods and services can be traced directly to bottlenecks in the supply chain.
Testifying before the Senate Commerce Committee on Thursday, William Taylor, CEO of Taylor Group, a heavy equipment manufacturer, told lawmakers that delays in inbound deliveries from freight carriers and rapidly increasing transportation rates have forced the company to boost prices he charges to customers.
How do Global Shippers Adapt to Accommodate Ecommerce Growth?
As all global logistics managers are well aware, the increased e-commerce volume generated by the pandemic has no end in sight. In fact, we recently reported that industry experts predict e-commerce will spur global parcel shipments to record volumes—doubling to 240 billion between 2020 and 2026.
These extraordinary numbers only lead to one question: How do global shippers need to adapt their fulfillment operations to accommodate this growth in years ahead?
Union Pacific pauses service from West Coast to Chicago as congestion hits inland terminals
Union Pacific will suspend service between the West Coast and its Global IV gateway in Chicago in an effort to improve congestion at the inland intermodal terminal, a spokesperson for the railroad confirmed. The suspension will begin Sunday and last a week.
Biden executive order adds urgency to FMC review of ocean shipping
The inclusion of ocean shipping in President Joe Biden’s executive order issued Friday encouraging competition across several sectors will add urgency to the Federal Maritime Commission’s pursuit of unfair carrier practices, particularly in the area of detention and demurrage.
Last year, the Transpacific was a ‘nightmare.’ It’s only gotten worse.
It’s hard out there for a shipper these days. And that’s been the case for a while now. When Supply Chain Dive first spoke with Gene Graves in September, he said the market had “been a nightmare.”
“Every month since we talked in September, every month gets worse than the previous month,” he said.