Covid-19 and a global shutdown left the world ready to put 2020 behind us. Little did we know, 2021 would take us for another wild ride. As the pandemic lingered and gained strength in unexpected places, it continued to interrupt supply chains worldwide. Production bottlenecks, volatile swings in pricing, and massive capacity shortages were just… Read more »
Anyone involved in domestic transportation now knows all too well that freight rates have been skyrocketing to historic levels. According to Transportation and Warehousing produce price indices tracked by the U.S. Federal Reserve, year-over-year industry-wide less-than-truckload prices have risen between 8-14% in recent months, and full truckload prices have risen between 20-30% (and diesel fuel… Read more »
The Commodity Classifications Standards Board (CCSB) has published a new supplement to the National Motor Freight Classification (NMFC®). These NMFC changes are effective 12/04/2021. Some notable changes are listed below. Subject 1 – Foodstuffs, Item 73227 canceled and replaced by 72310, 73260, and 73365. Subject 2 – Dehydrated Cheese New Item 55450, revised Item 55470… Read more »
The Commodity Classifications Standards Board (CCSB) has published a new supplement to the National Motor Freight Classification (NMFC®). These NMFC changes are effective 08/07/2021. Some notable changes are listed below. Machinery or Machines, NOI, or Machinery or Machine Parts, NOI Density breaks have been added at 5, 10 and 15 PCF for item 133300. Item… Read more »
Environmental and sustainability concerns are on everyone’s mind in the logistics industry. In fact, nearly every supply chain and logistics company has created environmental policies that reflect its mission and goals. As the world strives to create a more eco-friendly, carbon-neutral environment, it’s important to understand the logistics industry’s role in achieving that goal. Here… Read more »
There’s an article we saw posted last week on the Global Trade magazine website entitled “What Makes a Good Logistics Provider?” written by Chris Hale, the Founder & CEO of Kountable, Inc. Mr. Hale’s company operates a platform that vets trade service providers, constructs deals and manages trade execution for a large volume of trades… Read more »
The Commodity Classifications Standards Board (CCSB) has published a new supplement to the National Motor Freight Classification (NMFC®). These changes became effective 04/10/2021. Some notable changes are listed below. Subjects 2 and 3 – Foodstuffs Group – Bakery Goods, Coffee, Tea or Herbal Tea, Cookies or Crackers, Foodstuffs, NOI, Snack Foods, NOI: These items were… Read more »
As widely reported by freight industry media outlets, such as Freightwaves, Logistics Management, Journal of Commerce, and others, general freight rates – including those for less-than-truckload (LTL) services – continue to rise. Most experts are predicting high, single-digit rate increases in 2021, along with higher diesel fuel prices. Renewed economic demand, increases in e-commerce shipping,… Read more »
If 2020 taught us anything, it’s that the future is always uncertain. The global pandemic that shook the world has altered and disrupted the logistics and supply chain industry for years to come. Companies have an increased urgency to fill the gaps in their supply chain that the pandemic exposed. To prepare for 2021, we… Read more »
The Commodity Classifications Standards Board (CCSB) has published a new supplement to the National Motor Freight Classification (NMFC®). These changes became effective 12/19/2020. Some of the notable changes are listed below. Controllers, Motor Controllers, Switchboards or Switchboard sections – New Item, new classifications Battery Chargers, Item 61270 – This item canceled and moved into Item… Read more »
