SUPPLY CHAINS

Global shipping in the ‘process of normalizing’

This fireside chat recap is from Tuesday, the first day of FreightWaves’ Global Supply Chain Week.

FIRESIDE CHAT TOPIC: Examining the current landscape of global maritime

DETAILS: A discussion with Gordon Downes, CEO of New York Shipping Exchange, about current trends in ocean shipping.

KEY QUOTES FROM DOWNES:

On the current state of global shipping: 

“I think it’s very clear that the market has normalized or is in the process of normalizing. Prices are coming down, close to pre-pandemic levels. The...

How to navigate maritime supply chain logistics post-pandemic

This fireside chat recap is from Tuesday, the first day of FreightWaves’ Global Supply Chain Week.

FIRESIDE CHAT TOPIC: Post-pandemic maritime trends

DETAILS: Jackie Gonsalez, vice president of supply chain business development at Crowley Logistics, discusses maritime industry trends, the impacts of nearshoring, reshoring and what to watch for as the maritime space evolves in the post-pandemic era.

KEY QUOTES FROM GONSALEZ:

“Now, the trend is how do we readjust to the new normal? How do we change...

https://www.freightwaves.com/news/how-to-navigate-maritime-supply-chain-logistics-post-pandemic

Survey: Nearshoring to Mexico happening ‘faster than expected’

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While the rise of nearshoring to Mexico has been steadily increasing over the past decade, the...

Viewpoint: Inventory management key to stifling inflation

While the smart money tries to get into the head of the Federal Reserve and its interest rate strategy, it’s baffling to see that after three years the market makers still do not understand the inflationary pressures each pipe in the supply chain can have on the economy. 

There is one pipe in particular that will continue to stoke the flames of inflation, and it will last for months to come. The solution is in the hands of the retailers. I’m talking inventory management, which so far is graded...

https://www.freightwaves.com/news/viewpoint-inventory-management-key-to-stifling-inflation

Cargo thefts spike 15% across US, Canada in 2022

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The end of 2022 saw a surge in cargo thefts that pushed the yearly total to above an estimated $223...

FreightWaves opens 2023 Shipper of Choice nominations

Every year, FreightWaves honors a group of exemplary shippers with its annual Shipper of Choice award, presented in partnership with TriumphPay. The award looks to call attention to companies working actively to make the process of moving goods easier, friendlier and more streamlined for all involved.

The first step toward receiving the coveted Shipper of Choice recognition is to be nominated. Anyone involved in the industry can nominate a shipper for the award. There is no limit to the number...

https://www.freightwaves.com/news/freightwaves-opens-2023-shipper-of-choice-nominations

Transportation industry representatives attack infrastructure law rollout

WASHINGTON — Transportation officials representing trucking, rail and seaports took aim at priorities touted by Democrats over the past two years — including the $1.2 trillion Infrastructure, Investment and Jobs Act (IIJA) — at the opening hearing of the House Transportation and Infrastructure Committee on Wednesday.

They took their cue from the committee’s Republicans, who now lead the 65-member panel after Republicans took control of the House in January.

“Although I did not support the IIJA, I...

https://www.freightwaves.com/news/transportation-industry-representatives-attack-infrastructure-law-rollout

Cardboard box demand plunging at rates unseen since the Great Recession

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Demand and output for cardboard boxes and other packaging material fell sharply in the fourth...

https://www.freightwaves.com/news/cardboard-box-demand-plunging-at-rates-unseen-since-the-great-recession

Why the used trucks pricing bubble finally burst

After leaking for several months, the air is nearly evacuated from the used truck pricing bubble as increased production of new trucks allows fleets to finally trade their aging iron.

Prices at auction are about 25% higher than the last pre-pandemic peak, according to J.D. Power Valuation Services. At the peak of the pricing bubble, used trucks sold for as much as149% more than they did before COVID hit in March 2020.

The depreciation grew heavier in December. A lot of auctions and sellers...

https://www.freightwaves.com/news/why-the-used-trucks-pricing-bubble-finally-burst

White House touts easing of supply chain pressures

The White House has outlined progress on commitments made over the last two years to ease supply chain backups caused by the pandemic but failed to acknowledge recent signs that improvements have been losing steam.

“Just over two years ago, then-President-elect Biden addressed the nation in a prime time speech to propose his economic agenda: a plan for a strong, worker-centered economic recovery from the pandemic, followed by long-term investments to lay the foundation for more durable,...

https://www.freightwaves.com/news/white-house-touts-easing-of-supply-chain-pressures

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