Industry News

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.

CANADA - Over 155,000 public sector workers are on strike, effectively shutting down approximately 30 different government departments in Canada.

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).

Source: ReportLinker

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.

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.

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.

Source: Hazmat University, Bureau of Dangerous Goods 
If it feels like “new year, another new lithium battery rule," that’s because it is.  As lithium battery technology changes and more is learned from battery incidents, the regulations are bound to change to keep battery shipments safe during transport. 

Article by: John Gallagher
Source: FreightWaves

Article by: Andrew Cox
Source: FreightWaves

Rather than recapping 2020, I’d rather look onward. There have been a ton of retail supply chain changes this past year. Some will last, others will not. Let’s collectively lick our wounds and look forward. Here’s 5 predictions for the retail supply chain in 2021.