Trade policy—it’s a topic that has moved front and center over the past months with the changing administration in the United States. We’re hearing lots of questions about what changes might be on the horizon for global trade and how to consider what might be next. Let’s dig in and discuss some of the top trade related issues.
The global logistics industry was dealt a year full of surprises in 2016, and with that came challenges. For most ocean carriers, the first three quarters were extremely challenging financially. While these financial pressures have been ongoing since 2009 due to several factors, overcapacity was certainly one of the most prevalent. Ocean carriers continue to see their average operating margin dip below zero as rates fell to their lowest levels since 2009. All of this mounted to the Hanjin bankruptcy, one of the largest container shipping bankruptcies in history. This action will continue to accelerate the carrier acquisition activities in 2017. Read More…
Even containers don’t like to wait in line. Dwell time—the amount of time a container remains parked in a marine terminal waiting to be picked up after it’s been offloaded from a vessel—is a drag on supply chain efficiency, especially when it becomes excessive. Rising container volumes, fluctuations in demand, and the constant need for just in time inventory have increased the impact of dwell time over recent years.
It’s unlikely that the problem will disappear or even improve markedly any time soon, but there are ways to minimize the instances where a container outstays its welcome at a port.
New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC
When the expanded Panama Canal opened this June, a new set of routes became available for shippers and beneficial cargo owners (BCOs). These enterprises are no longer reliant on the Suez Canal route for shipping freight on Post-Panamax container vessels to the United States.
Implementing a TMS: Why Communication is a Key Success Factor
Having invested in a transportation management system (TMS), you’re looking forward to its implementation. But the term “implementation” doesn’t really capture the full implications of this next step. Implementing a TMS means much more than installing and plugging in a system—the experience is transformative and requires some serious change management resources.