BTX Blog

SUMMARY

The modes are moving in different directions this week. Air cargo is entering the holiday peak from a historically high rate base, with transpacific demand and jet fuel costs driving the market. Ocean rates on the transpacific are easing as U.S. import demand cools, while Asia–Europe holds steady. Shippers should be aware that conditions can shift quickly by lane and by mode.

Air cargo load factors are rising faster than capacity, ocean carriers continue to blank sailings, and North American truck posts are shrinking while loads climb. Space may be harder to find on short notice over the next several weeks, especially for time-sensitive freight around Thanksgiving.

Scroll or click on one of the following topics to view the complete category report. 

SUMMARY

Jet fuel is more than double year-ago levels, crude oil is near $110 a barrel and volatile diesel prices mean fuel surcharges are likely to remain a significant, and fast-moving, part of transportation costs in air, ocean and trucking through the end of the year. Air cargo load factors are rising while capacity stays flat, transpacific ocean carriers are continuing blank sailings, and truck posts in North America are well below last year. On the positive side, the gradual return of container services to the Suez Canal is restoring shorter Asia–Europe routings and adding capacity, which may improve transit reliability for European trade.

Scroll or click on one of the following topics to view the complete category report. 

Reno, Nev. – BTX Global Logistics celebrated the new ownership of its Reno, Nevada, branch with a ribbon-cutting ceremony held recently. Members of the BTX team, the local community, and the Chamber of Commerce gathered for the event.

BTX Global Logistics is pleased to announce two key promotions within the Corporate Management level of the organization in the Sales and Operations departments. Founded in 1980, BTX is a worldwide provider of transportation and logistics services with 42 regional branches strategically located across North America.

The National Oceanic and Atmospheric Administration (NOAA) predicts above-normal hurricane activity in the Atlantic basin this year. Providing important and timely delivery of critical supplies to those affected by disasters such as hurricanes can make a world of difference to those in need.

The supply chain and logistics industry is poised for significant changes and advancements in 2024. Based on insights from various sources, BTX compiled the most impactful trends predicted to shape the industry's landscape in upcoming months:

Global Ocean diversions and delays in the Suez and Panama Canals have disrupted container traffic and service globally. As a result, rates to the U.S. East Coast specifically have spiked. Below is an overview of the events that have created this situation and possible solutions to help best solve your logistics needs.

Regardless of country of origin, commodity or mode of transportation, navigating the challenges of clearing freight through customs can be difficult and costly for shippers that aren’t up to speed with the complex and ever-changing government regulations. 

National Truck Driver Appreciation Week (NTDAW) was founded in 1998 by the American Trucking Association (ATA) to honor the hard work of the men and women that deliver the goods that keep America moving on a daily basis. This year, NTDAW takes place from September 11-17, 2022. 

Every year, BTX Global Logistics commemorates National Aviation Day on August 19th. This important date was originally established in 1939 by President Franklin D. Roosevelt to celebrate our nation’s aviation achievements and honor the birthdate of flight pioneer Orville Wright. As an industry leading freight forwarder, BTX recognizes the integral role, aviation and aerospace play in global logistics.