The US rail freight market is showing a diverging trend: carload volume is declining, while intermodal volume is increasing. This is driven by factors such as economic restructuring, sluggish commodity markets, and changing consumption patterns, leading to varied demand. To adapt to market changes and seek growth, railway companies should diversify services, innovate technologically, control costs, and engage in strategic partnerships.
The Association of American Railroads reported a significant year-over-year decrease in U.S. rail freight and intermodal traffic for the week ending September 12th. This decline was influenced by Labor Day and substantial drops in carloads of metallic ores and petroleum products. Year-to-date figures show a decrease in carload traffic but a slight increase in intermodal volume. Railroad companies should pay close attention to the global economic situation, diversify their business portfolio, improve operational efficiency, and proactively respond to the energy transition.
The US trucking industry warns of a devastating impact on the supply chain and significant economic losses if a rail strike occurs. While the trucking industry is willing to assist, its capacity is limited and cannot fully replace rail transport. A strike could lead to shortages of food, automobiles, and even affect the safety of drinking water. The American Trucking Associations is urging Congress to intervene and prevent a strike from causing a catastrophic impact on the economy. The potential disruption highlights the critical role of rail in the nation's supply network.
The U.S. ISM Non-Manufacturing Index (NMI) registered 52.7 in July, according to the Institute for Supply Management (ISM). Although slightly lower than the previous month, it marks the 20th consecutive month of growth. This indicates strong resilience in the non-manufacturing sector, continuously injecting momentum into economic growth and providing robust support for economic recovery. The sustained expansion highlights the sector's crucial role in bolstering the overall economic landscape.
The Institute for Supply Management (ISM) reported robust growth in the U.S. non-manufacturing sector for May, with the NMI index reaching 56.9, marking the 112th consecutive month of expansion. Eleven industries experienced growth, with a notable increase in the employment indicator. Experts suggest that despite challenges like trade tensions, consumer confidence and low inflation are providing tailwinds for the economy. Overall, the non-manufacturing sector is outperforming the manufacturing sector.
Increased U.S. ocean freight inspection rates pose challenges to cross-border trade. This article analyzes the reasons for the rising inspection rates, including risk assessment, supply chain pressures, staffing shortages, and technology upgrades. It also outlines the potential consequences of non-compliance and provides effective measures to reduce inspection risks, such as selecting reliable suppliers, providing accurate documentation, understanding customs regulations, and maintaining communication. These strategies help businesses navigate customs clearance smoothly and efficiently.
This article provides a detailed analysis of the operational process for domestic US shipping, covering key stages such as booking, loading, documentation, ocean freight, unloading, customs clearance, and pick-up & delivery. It aims to help shippers and freight forwarders fully understand the process, ensuring efficient and safe transportation of goods. The article outlines each step, providing insights into the requirements and best practices for successful domestic US shipping operations.
This article provides an in-depth analysis of the core requirements for AMS filing for ocean freight shipments to the USA. It covers the filing entity, deadlines, content specifications, operational procedures, and compliance key points. The aim is to help businesses avoid fines and delays caused by incorrect filings, ensuring smooth customs clearance. Choosing a professional freight forwarding partner is crucial for successful AMS filing.
The Coalition for America's Gateways and Trade Corridors (CAGTC) raises public awareness of freight infrastructure's importance and promotes related policies through its "Follow the Footprints of Merchandise" series. This initiative simplifies complex supply chain stories behind everyday goods. By focusing on specific consumer products, the series highlights the intricacies of global trade and underscores the critical role of robust freight infrastructure in maintaining a healthy national economy. This education aims to foster informed decision-making and support investments in necessary infrastructure improvements.
U.S. retail growth stalled in August, remaining virtually unchanged from July, reflecting declining consumer confidence and economic concerns. Weak consumer spending is attributed to a combination of factors, including high unemployment, inflation, a sluggish housing market, and fluctuating fuel prices. Experts suggest that over-reliance on consumer spending is unsustainable. The retail industry needs to transform, focusing on digitalization, personalized services, and sustainability to adapt to the new market environment. This shift is crucial for long-term viability and meeting evolving consumer needs.
