On December 2, 2022, President Joe Biden signed legislation to prevent a rail strike that would have further crippled the U.S. economy.

Supply chain professionals have been forced to adapt over the last three years. Port congestion, equipment shortages, and an unstable labor market have created a market dynamic where many companies are moving their supply chain closer to home. 

As 2022 quickly comes to a close, companies plan for next year. Third-party warehouses and their customers need a set of performance metrics (KPIs) to establish the performance of their warehouses.  Here’s a list of the major categories to discuss with your provider: Fulfillment: One of the most important metrics to agree on are the fulfillment metrics.

The decline of ocean volumes from Asia to the USA will likely continue for the rest of the year. Lower demand may help normalize rates. This downward trend will motivate carriers to reduce capacity by voiding sailings to keep rates from dropping to non-compensatory levels. U.S. West Coast (USWC) lanes will experience the greatest impact.

Residual effects of the pandemic persist, but the Air Freight market continues to show signs of improvement coming into the holiday season.  

If you are temporarily bringing goods into the U.S., you may wonder if there is a way to avoid paying duty. A special type of customs entry called a Temporary Importation Under Bond (TIB) allows importers to bring certain goods into the U.S. duty-free for up to 3 years. 

It’s hard to believe that only nine months ago, global trade was struggling to keep pace with demand, and the carriers were able to charge freight rates that were often 10 x higher than pre-Covid levels. Everyone, primarily the consumer, witnessed the results as prices of all goods went up exponentially.Fast forward, the market has

The air peak season is expected to be muted this year as retailers prepare early for the holiday shopping season. Overall, space, pricing, and transit times remain reliable and stable, with some exceptions. Residual congestion persists at major hubs.

We are starting to see fewer delays and bottlenecks in the container market. Experts are predicting a market normalization by Q1- 2023. If normalization occurs, equipment and space will be easier to come by, and congestion will be rare and minimal.