💎🚚 Luxury Cargo on the Move! Shipping high-value items like jewelry, rare artworks, or high-end vehicles requires specialized care, precision, and security. 🌍✨ Whether importing or exporting, mastering the logistics is key to ensuring your valuable goods arrive safely.
LNG Freight Rates Plunging
LNG freight rates for the Atlantic and Pacific basins have plunged to the lowest levels for October, with Friday’s rates dropping $20,750 and $36,000 daily—down 87% in the Atlantic and 78% in the Pacific since 2019!
The Actual Cost Of Freight
Understanding the actual cost of freight is essential for successful international shipping. It’s more than just the carrier’s fee—it includes charges from freight forwarders, insurance, and more. Miscalculating these costs can disrupt your supply chain, leading to customs delays.
Containers Are Lost At Sea
Severe weather is disrupting shipping routes around Africa, forcing containerships to halt their journeys around the Cape of Good Hope. With waves over 30 feet high and powerful winds, vessels are seeking shelter from the cyclone’s wrath. Since over 600 ships navigate these treacherous waters, the impact on global cargo movement is set to increase. Continue reading to stay informed on how this could affect international trade.
Documents In Customs Clearance
When bringing shipments into the U.S., having the correct documentation can save time and money.
On-Demand Warehousing Growing
On-demand warehousing where the 3PL is the middleman between a business looking for a warehouse and the actual facility. This is ideal for short-term fulfillment.
UPS Vows to Reach Deal
After months of back and forth, UPS vows to reach deal with Teamsters by July 5th. UPS (United Parcel Service) is known as the largest package shipping company in the U.S. in terms of volume. Recently unsatisfactory contract negotiations between UPS executives and workers have reached a point where a strike was looming.