The disruptions in supplies of key raw materials and components over the last three years have been driven by a range of factors, including the COVID-19 pandemic, natural disasters, geopolitical tensions, and shifts in consumer demand. In the case of the automotive industry, one key driver of the recent shortages has been the cancellation of orders for microprocessors in response to a slump in auto … 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
New Potential 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
Port of Miami Expansion Projects Underway
Listen the article here: GLC INC. · Port Of Miami Expansion Projects Underway The Port of Miami, located in Florida, is geographically placed between North and South America, making it a “cargo gateway” for trade in the Americas. It is a powerhouse for east coast transportation because it is increasingly stable for trade from Europe, Asia, and Africa. Recently, the Port of Miami released its … Read More
Latest Imposed GRI for FedEx marks history
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
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
The Future of International Air Cargo Services
What are international cargo services? Simply, international cargo refers to any goods being transported through an air carrier. Airfreight, as most call it is arguably the most valuable form of transport due to its nature. Freight transported by an air carrier is the fastest mode of transportation for international freight, and domestic freight if moving across large areas. Due to its fast nature, it’s critical … 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.
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