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Logistics Recap January 7th – January 13th
Logistics Recap
January 7th – January 13th
Is FMCSA tipping its hand on carrier safety fitness?
Federal regulators are providing a rare glimpse into information they may consider for a significant rule affecting how carriers are considered fit to be operating.
The Federal Motor Carrier Safety Administration published on Friday a “notice of data availability” — or “NODA” — to alert the public about a set of studies it could rely on to develop a proposed or final rule that will be used to determine a carrier’s safety fitness rating.
Extreme weather is 2024’s top supply chain risk
Extreme weather events are the top risk facing supply chains in 2024, according to an annual outlook report from Everstream Analytics.
The firm attached a risk score of 100% to the possibility of extreme weather causing supply chain disruption. That assessment follows a year where weather caused havoc for supply chains, from crop failures to storm damage to slowdowns on major shipping channels.
Read More Here Supply Chain Dive
U.S. and U.K. attack Houthi targets i Yemen after Red Sea attacks
The U.S. and the U.K. “successfully conducted strikes” against Houthi targets in Yemen, said President Joe Biden late January 11.
“Today, at my direction, U.S. military forces — together with the United Kingdom and with support from Australia, Bahrain, Canada and the Netherlands — successfully conducted strikes against a number of targets in Yemen used by Houthi rebels to endanger freedom of navigation in one of the world’s most vital waterways,” Biden said.
TPM 2023 Reflections and the Anticipation for TPM 2024: Charting the Course of Global Logistics
TPM 2023 Reflections and the Anticipation for TPM 2024: Charting the Course of Global Logistics
As the logistics and supply chain industry continues to evolve, the insights gained from the Trans-Pacific Maritime (TPM) 2023 conference have been pivotal. These insights not only reflect the current state of the industry but also set the stage for the much-anticipated TPM 2024. The upcoming event, scheduled for March 03-06 at the Long Beach Convention & Entertainment Center, USA, promises to be a significant milestone for professionals in global container shipping and logistics.
At TPM 2023, a key trend highlighted was the rising demand for value-added services in freight. Shippers are increasingly seeking more than just basic transportation; they are looking for comprehensive solutions that address broader operational challenges. This trend has been exemplified by companies like Flexport, which has evolved from a tech-enabled freight forwarder to a provider of full-stack supply chain solutions. These solutions offer a range of benefits, from advanced shipment visibility to innovative pricing controls.
Another significant trend observed at the conference was the return to Just-in-Time (JIT) inventory management. Post-pandemic shifts in strategy had led many importers to adopt a Just-in-Case approach, but the industry is now seeing a swing back to JIT. This shift underscores the critical importance of container shipping reliability, with forwarders like Flexport offering diversified carrier strategies to mitigate risks associated with blank sailings.
Despite moving past the bulk of the pandemic, the logistics sector continues to navigate through ongoing uncertainties, including labor disputes, economic changes, geopolitical tensions, and fluctuating fuel prices. These factors are influencing decision-making and emphasizing the need for resilience and flexibility within the industry.
Looking ahead to TPM 2024, the event is set to build upon these insights and offer a platform for addressing future challenges. Known as the top event for the global container shipping and logistics community, TPM 2024 will provide attendees with a rich program developed by specialized journalists. It will serve as a crucial hub for networking, collaboration, and gaining insights from expert-led sessions. The conference will offer a unique opportunity for professionals to connect with senior-level industry peers, engage in meaningful discussions, and understand global logistics from diverse perspectives.
The anticipation for TPM 2024 underscores its importance as not just an annual event, but as a critical convergence point for innovation, strategic planning, and collaborative engagement in the logistics and supply chain industry. It represents an opportunity for professionals to stay ahead in the dynamic world of global logistics, making it an unmissable event for those looking to shape the future of the industry.
Logistics Recap December 31st January 6th
Logistics Recap
December 31st – January 6th
Truck transportation jobs trend higher while warehouses shed workers
Truck transportation jobs continued a slow recovery from the depths of the freight recession and the job losses created when Yellow Corp. went out of business in 2023.
The December figures released by the Bureau of Labor Statistics on Friday showed that seasonally adjusted truck transportation jobs rose 3,300 last month, rising to 1,586,300 jobs. That increase also was fueled by upward adjustments in the earlier-reported figures for November and October. As a result, the December figure was 5,700 jobs more than the “final” figure for October of 1,580,600 jobs.
Ocean shipping rates jump more than 50% in key lanes
Ocean shipping rates are spiking in certain lanes as attacks in the Red Sea lead to higher operating costs for carriers, according to Freightos.
As of Jan. 3, rates from Asia to Northern Europe rose 151% week-over-week to more than $4,000 per forty foot equivalent unit. Similarly, Asia to the U.S. West Coast grew 63% to $2,713 per FEU, which Freightos said may reflect a shift to the West Coast to avoid East Coast transit times.
Read More Here Supply Chain Dive
Commercial Suez Canal traffic down almost 60%
Commercial vessel volume in the Suez Canal has fallen by 59% when compared to volumes seen before Houthis started attacking commercial ships, based on a recent report.
According to a survey published January 3 by project44, entitled “Houthi Attacks Disrupt Global Supply Chains,” 207 ships that were originally routed to go through the Suez Canal have been impacted by Houthi attacks.