The peak season in the logistics industry is an exhilarating yet challenging time when companies face a surge in demand for their services. As we approach the peak season of 2023, it is crucial for logistics companies to be well-prepared and equipped to meet customer expectations. The key lies in proactive preparation, adaptability, and a commitment to delivering a seamless logistics experience even during the … Read More
Understanding Incoterms: A Guide to International Trade
In the realm of international trade, the use of standardized rules is essential for smooth and efficient transactions. This is where Incoterms come into play. Incoterms, short for International Commercial Terms, are a set of rules established by the International Chamber of Commerce (ICC). These rules provide a common language and framework to define the responsibilities, risks, and costs between buyers and sellers in international … Read More
The Logistical Challenges of The Pharma Sector For 2023
According to a report by the IQVIA Institute for Human Data Science, global spending on medicine is projected to reach $1.5 trillion by 2023. Due to the sheer volume of materials that need to be transported and stored in sanitary conditions. All the players in the supply chain must work together, to ensure that the products reach the customer in a safe, timely, and cost-effective … Read More
Shipping Container Surplus?
Here are some key points: At the height of the COVID-19 pandemic shippers were in desperate need of containers. Now, some ports have seen a decline in bookings and have a container surplus. Most news outlets report that this is due to a decrease in demand but the data points to things returning to pre-pandemic levels. US Retail Sales point to stronger consumer spending in … Read More
Inland Container Congestion in Chicago and Dallas
Inland congestion is causing a major supply chain disruption among the nation’s busiest ports due to a severe chassis shortage, causing an influx of containers to pile up in Chicago, Dallas, Memphis and Kansas City. This is an ongoing issue, which has only been exacerbated due to an influx of inventory overflowing already full warehouses. As a result, Union Pacific Railroad (UP) has been stacking … Read More
Rail Strike Looming Before the Holidays
A new potential rail strike is in the works after the largest rail union in the U.S. rejected its labor contract as of Monday, November 21st, over concerns about schedules and lack of paid sick time. Fear is setting in on what this means for potential shutdowns and the timelines, as this marks the fourth union to date to have failed to approve contracts. SMART-TD, … Read More
New Baltimore container terminal under development
Listen to this article: GLC INC. · New Baltimore Container Terminal Under Development The Port of Baltimore is located in Maryland’s Chesapeake Bay, and is considered the deepest harbor in the area. This port, closer to the Midwest than all other East Coast ports, was ranked first in the nation in 2020 for handling automobiles, light trucks, farm, and construction machinery, and lastly imported gypsum. … Read More
New Marine Terminal Tariff for Port of Savannah
GLC INC. · New Marine Terminal Tariff for Port of Savannah A new marine terminal tariff will go into effect on October 1st for the Port of Savannah, stemming from a concern of an influx of empty containers at the Port’s terminals. In the midst of longshore labor negotiations on the West Coast, US importers are shifting a large portion of their cargo to the … Read More
Los Angeles Container Ports Lessen Congestion
Listen the article here: GLC INC. · Los Angeles Container Ports Lessen Congestion Records are being broken at one of the nation’s biggest Ocean Ports. According to the Port of Los Angeles, July 2022 was a record month for them in processing containers. On Aug 17, 2022, a press release was announced by the Port, claiming they processed an estimated 935,345 Twenty-foot TEUs in July. … Read More
New Incentives for Farmers Exporting from West Coast
Amongst rising shipping inflation costs, the USDA is placing incentives for Farmers in the United States to export their agricultural shipments when using the Port of Oakland or Nothwest Seapport Alliance, to rouse dropping export volumes in the US. For every container of farm goods or general agriculture commodities, all agriculture shippers will be given $200. For any said shippers using refrigerated containers, they will … Read More