Thursday, September 22nd FedEx Corp announced a 6.9% general rate increase (GRI) to be imposed starting 2023. This GRI marks the largest percentage of increase year-over-year in the company’s history. All services will be affected by the GRI, except for the LTL, or less-than-truckload service, FedEx Freight, which could fluctuate between 6.9% and 7.9%, according to the customer’s scale. On average, FedEx’s annual tariff rates … 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
Port of Savannah Container Volume Increasing
2022 fiscally has been a huge success, according to the Georgia Ports Authority. In one year, Port of Savannah has recorded 5.76 million twenty-foot units being handled, making it an 8% overall increase year over year. Simultaneously, the port of Savannah has also announced that June 2022 was also a record-breaking month for them, handling 494,107 TEUs, which is a rise of a 10.6% increase … 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
Los Angeles Port holding strong among Shanghai lockdowns
The Port of Los Angeles, as of May 6th is still holding firm, not showing any reported impacts from the COVID-19 lockdowns in Shanghai, China. According to Director Gene Seroka, There has been “no dramatic change” in the number of vessels leaving China, as vessel numbers bound for the San Pedro Bay remain “pretty consistent,” Seroka said. The number of ships departing Asia on Friday … Read More
New CBP Updates: Reinstatement of Certain China Exclusions
At the end of March 2022, the office of the United States Trade Representative announced the reinstatement of certain exclusions from China section 301 tariffs. This new product exclusions fall under HTSUS classification 9903.88.67, according to the aforementioned office. These said Section 301 China tariff exclusions were previously expired on Dec 21, 2020, and reinstated until December 31, 2022. These exclusions apply to roughly 500 … Read More
Meet our Employees of the Last Quarter 2021
DIANE GUZMAN | Accounts receivable Manager| GLC Inc. Los Angeles, CA Diane joined GLC in October of 2019 and started with a hybrid role. She had administrative duties and learned about our Accounts Receivables. Now, almost two and a half years later, she is the Accounts Receivables manager. Being able to transition and flourish into a new role is what she loves most about working … Read More
“The Great Resignation” and Its Impacts on Supply Chain
By: Grace Cronin What is the Great Resignation? A term recently coined to describe the phenomenon of large groups of people, mainly in the U.S., quitting their jobs during the COVID-19 pandemic. Unfortunately, the supply chain industry is not immune from this phenomenon, and many fear it only adds to the current Supply Chain Crisis.
Shipper-Owned Containers, What Are They?
Ocean containers are everywhere and are a key role in shipping freight, and in the Global Supply Chain as a whole. As a freight forwarder or any person in the logistics field, understanding the differences between Shipper-Owned Containers (SOCs) and Carrier-owned containers (COCs) can help expand your logistics knowledge.
Four Benefits of Having All- Risk Cargo Insurance
Have you ever thought about what happens when you have damage or a complete loss of your cargo and no All-Risk Cargo Insurance?
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