Ascent Global Logistics News Update

CLIFF NOTES 

Top Logistics Headlines This Week

Domestic Freight Management

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Companies Focus On Driver-Centric Best Practices

Surging freight demand and the driver shortage are two of many factors that have caused companies to re-evaluate their loading and unloading practices to limit down time for drivers. Some shippers are allowing drivers to perform more drop and hooks instead of live loading or unloading to maximize the driver’s productivity and HOS (Hours of Service). See more here.

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Cass Freight Index Report Reveals Increases In Shipments And Expenditures

In March 2018, the Cass Freight Index Report revealed that shipments increase 11.9 percent year-over-year and freight expenditures increased 15.6 percent year-over-year. The current level of volume and pricing signals that the U.S. economy is growing and healthy. See more here.

International Freight Forwarding
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Truck Drivers In India End Strike After Deal Struck

Port truck operators serving JNPT port ended their strike last Saturday night after a deal was made. Sources predict that shipping activities will take some time to return to normal due to cargo backlogs waiting to enter and exit the port. For more information, contact your local Ascent Global Logistics representative.

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Air Cargo Rates Increased Year-Over-Year In April

Carriers that offer air cargo services from Hong Kong to North America saw rates increase by 14.8 percent year-over-year in April to $1.66 per pound. See more here.

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March Cargo Volumes Decrease Year-Over-Year At Port Of Los Angeles

The Port of Los Angeles saw cargo volumes decrease 5.7 percent year-over-year in the first quarter of 2018. Possible explanations for this decline include the timing of the Lunar New Year and a reduction in shipments from Asia. See more here.

Retail Consolidation

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Walmart Is Ready To Use Blockchain For Its Live Food Business

In a recent report from Bloomberg, Walmart is looking for suppliers to put food on the blockchain. Walmart predicts that this will help reduce waste, better manage contamination and improve transparency throughout its supply chain. See more here.

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US Retailers Look To Expedite Imports Due To Proposed Tariffs

Retailers are looking to import greater volumes of retail merchandise from China due to the idea of proposed tariffs. The National Retail Federation predicts that containerized imports increased 6.4 percent year-over-year in April.

Statistic of the Week

77 percent

The percentage that refrigerated van rates increased during Mother's Day in 2017, according to Supply Chain Dive.

Click Here To Access More Stats

Upcoming Events

Catch up with the Ascent Global Logistics team at the below upcoming event: 

MITA (Midwest International Trade Association) World Trade Conference 
May 16, 2018  

3PL and Supply Chain Summit 2018 
Atlanta, GA - June 5-7, 2018 

PPAI EXPO EAST 2018 
Atlantic City, NJ - June 11-13, 2018 

International Holiday Calendar 

International Holiday Calendar 5.16.18

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