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The Freight Logistics Optimizations Works Initiative (FLOW) is a first-of-its-kind private-public partnership led by the U.S. Department of Transportation (DOT) that creates a more complete shared picture of the U.S. supply chain for members, which includes the nation’s busiest container ports, major ocean carriers, and some of the largest retail importers.
The Chinese New Year, also known as the Lunar New Year or Spring Festival, is one of the most important holiday periods in East Asia. For shippers, it presents specific logistical challenges. Production slows down, operations are limited, schedules get disrupted, and transportation gets delayed leading to significant supply chain disruptions.
With 158 vessels carrying approximately $105 billion in ocean freight being diverted away from the Red Sea amid the risk of continuing Houthis’ attacks, cargo prices are soaring.
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.
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CANADA - Over 155,000 public sector workers are on strike, effectively shutting down approximately 30 different government departments in Canada.
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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).
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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.
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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.
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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.
The Freight Logistics Optimizations Works Initiative (FLOW) is a first-of-its-kind private-public...
BTX Global Logistics expands its footprint with the opening of a new regional branch in Seattle,...
BTX Global Logistics is pleased to announce the opening of its newest shipping and logistics branch...
The Chinese New Year, also known as the Lunar New Year or Spring Festival, is one of the most...
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