According to Wikipedia.org, hurricane season starts in the Atlantic the first of June, but it seems official now with the threat of Dorian hitting the Florida coast sometime in the next 72 hours. The National Weather Service says it is currently a category three but is predicting it will reach category four status by the time it reaches the coast. Like a nail-biting horserace, no one is sure what to expect at the finish line until the final moment of impact.
The extra costs that occur on an LTL shipment’s bill of lading, called accessorial fees, are not really hidden costs. They are fees for added services that some loads require by the nature of the cargo. They are fees on top of the initial quote that LTL freight companies charge.
I am constantly amazed at what we can accomplish in the face of adversity, and last week’s DOT roadcheck exercise was a perfect example. The yearly drill brought the nation’s transportation industry to a grinding slow down – for two reasons.
President Trump made the surprise announcement last week that beginning June 10, 2019, a 5% tariff will be implemented on all goods imported into the United States from Mexico. The tariff is imminent unless concrete efforts are made to curb the illegal immigration into the U.S. If talks do not begin immediately and steps are not taken to control the border crossings these tariffs can quickly escalate. Every month that passes without changes to Mexico’s immigration policies will result in an additional 5% tariff until it reaches a cap at 25% in October.
Reminder: the International CVSA (Commercial Vehicle Safety Alliance) road checks begin June 4-6. Capacity may be tight during this time so book your loads early!
Today is National Autonomous Vehicle Day, according to the Registrar at National Day Calendar’s website which declared it so in 2017. May 31 is now the day to observe and celebrate the development of autonomous vehicles, including cars, trucks and even drones.
We are approaching the end of May, which means Memorial Day weekend and what most of us think of as the unofficial beginning of summer. It is an exciting time with the anticipation of a long weekend and the warm months ahead.
It also signifies a time for shippers to be wary of two major events that affect our industry: a spike in cargo theft due to the long holiday weekend and a sudden, but noteworthy, capacity shortage brought on by the annual CVSA roadchecks.
Tags: Industry News
The latest trends and shifts affecting the transportation/freight market.
According to economists and supply chain experts, this year’s freight market will be nothing like last year. The further we get into 2019, the more the forecasters are changing their predictions for economic growth, expecting less growth than originally stated.
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In 2000, Choptank Transport arose from a need to ship produce and poultry in an ag-rich area known as the Delmarva Peninsula. The company quickly found its niche in the food and refrigerated freight truckload market and later added a full array of specialty services that now include cold less-than-truckload (LTL), dry LTL, intermodal, port and drayage offerings. Choptank is on Transport Topics’ Top 50 3PLs list.
The latest trends and shifts affecting the transportation/freight market
After coming down off the bull market of 2018 when unparalleled economic growth resulted in record-high rates and short capacity, January may have been a disappointment for some. Lower than last year's record success, the manufacturing sector is experiencing a steady 3% growth rate, year-over-year at present. That might sound disheartening, but keep in mind, this is the traditional “slow" time of the freight year and it is still growth. If you’re worried about our economy, take notice of other countries, like Europe, who are seeing a much more drastic decline in economic prosperity with Brexit looming and tariffs of their own to worry about. The truth is, the whole global economy is slowing down.