World Maritime Day, observed each year on the last Thursday of September, was established by the United Nations in 1978. It is meant to raise awareness about the importance of the global shipping industry and the vital contribution it makes worldwide. As an Ocean freight forwarder, BTX Global Logistics honors this day and supports the efforts of the International Marine Organization (IMO) to provide safe, efficient, and sustainable growth in the maritime shipping sector.
In an effort to establish fair measures and standardize freight pricing, the National Motor Freight Traffic Association (NMFTA) created the National Motor Freight Classification (NMFC) system that classifies all commodities in the United States into one of 18 classifications. Effective August 5, 2023, there will be several changes to classifications that you should be aware of as a shipper.Read More
CANADA - Over 155,000 public sector workers are on strike, effectively shutting down approximately 30 different government departments in Canada.Read More
Beginning March 1 2023, freight forwarders, air carriers and all economic operators involved in handling, sending, shipping and transporting cargo, express or postal consignments to or via the EU by air are required to comply with new advance data reporting procedures know as Import Control System Release 2 (ICS2).Read More
The total movement of products over an inland transportation network is referred to as freight transport. All supply chains and logistical systems rely heavily on freight transportation. The market’s growth is linked to the affordable shipping costs set by suppliers of freight transport services and the many free trade agreements between nations.Read More
Article by: Chris Jones, Executive Vice President of Industry Services, DeCartes
Source: Supply Chain Brain
A number of macroeconomic and geopolitical challenges, as well as significant learnings about risk and disruption, are setting shippers and logistics service providers (LSPs) down different paths in 2023 and beyond. Looking at research and analysis combining economic, demographic and industry insight, six significant trends have emerged for 2023.Read More
Article by: Nari Viswanathan
Source: Supply Chain 24/7
Supply chain and procurement professionals are being called to manage their organizations' value chains in highly challenging macroeconomic conditions, it is important to have visibility into inflation indices like the consumer price index and producer price index inflation.
Important changes to the National Motor Freight Classifications (NMFC) will take place on 8/13/22.As a best practice, shippers should be aware of these revisions and act accordingly when preparing LTL freight or work with organizations like BTX Global Logistics to correctly comply with the new requirements.