Tim Hotze, Senior Vice President of Target, shared the company's supply chain strategies at the SMC3 Connections conference, addressing uncertainties in global trade and tariffs. His insights included diversifying global sourcing, adopting flexible manufacturing strategies, and integrating transportation planning with product design, highlighting how to maintain competitiveness amidst changes.
US truck freight volume is projected to reach 14 million tons by 2035, accounting for 76.8% of the freight market. Key driving factors include technology advancements, labor dynamics, environmental concerns, evolving regulations, and the continued growth of e-commerce. These elements will significantly shape the future of trucking and its role within the broader supply chain landscape, impacting capacity, pricing, and overall efficiency.
The American Trucking Associations reported a 0.7% month-over-month increase in the U.S. truck tonnage index for January, marking the second consecutive month of growth. This data, considered a leading economic indicator, may suggest a gradual recovery in U.S. economic activity. However, the limitations of relying on a single month's data should be acknowledged, and future trends require continuous monitoring.
A recent report from DAT Freight & Analytics indicates continued growth in truckload capacity demand and persistently high spot rates. Van rates remain stable, while flatbed rates experienced a slight increase, and refrigerated truck rates remain elevated. Shippers are increasingly turning to the spot market due to tight capacity. Experts analyze the market drivers and recommend optimizing logistics strategies to navigate the current environment.
DAT reports record-high truck spot rates in June, with van, flatbed, and refrigerated rates all surging. The primary drivers are increased demand and tight capacity. Memphis is emerging as a key logistics hub. Experts caution about potential capacity bottlenecks and the impact of trade policies. Businesses should enhance data analysis, optimize supply chains, and adapt flexibly to navigate the dynamic logistics landscape.
This article provides an overview of the main types of export documents in foreign trade and their functions, including the General Certificate of Origin (CO), FORM A, FORM E, FORM F, and FORM L. It emphasizes their importance and applicability in international trade to facilitate export processes and reduce tariffs.
The HS code is a crucial tool in cross-border logistics, assisting customs in identifying goods, ensuring compliance, and determining tariffs. This article provides a detailed overview of the structure, core functions, querying methods, and common mistakes related to HS codes, emphasizing their importance and complexity in cross-border customs clearance.
Despite facing high tariffs and the termination of China's cargo exemption policy, global air cargo demand in May still grew by 2.2% year-on-year, with strong performance across several routes. IATA pointed out that the industry's resilience indicates an ability to continue adapting to the changing international trade environment.
The article discusses delays in the customs clearance of Indian aquatic products due to the pandemic in China, the trend of the shipping industry gradually shifting towards hydrogen energy, and finally mentions the impact of increased tariffs on Chinese goods by the United States. It showcases important dynamics in the global shipping market.
The LTL market in 2025 faces challenges from tariffs and market uncertainties, with the top 25 transportation companies experiencing a 1.3% decline in revenue. Experts advise operators to avoid price competition and focus on enhancing efficiency in order to prepare for the upcoming NMFC classification changes and a potential wave of bankruptcies.
