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…

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.