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Ascent Global Logistics News Update

CLIFF NOTES 

Top Logistics Headlines This Week

Domestic Freight Management
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Spot Rates Continue To Increase After Memorial Day

According to the latest report from the DAT, national averages for van rates and reefer rates increased 4 cents between May 27-June 2. Potential factors that contributed to these increases include the scarcity of trucks compared to demand and higher fuel rates. See more here.
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Commercial Vehicle Safety Alliance To Conduct Roadchecks In June 2018.

On June 5-7, 2018, the Commercial Vehicle Safety Alliance will be sponsoring their annual 72-hour event focused on increasing enforcement on driver safety. Last year, almost 1 in 4 commercial vehicles were placed out of service due to non-compliance during inspections. This year's roadchecks could have a significant impact during this time of driver shortage. See more here.
International Freight Forwarding
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Q3 2018 Fuel Surcharge Rates For Trans-Pacific Eastbound Trade

The Q3 2018 fuel surcharge filings for the Trans-Pacific Eastbound trade have been released. Here are the changes to the fuel surcharge filings:

  • BAF (USWC):  $8 / 8 / 368 / 409 / 460 / 518 up $0 / 0 / 15 / 17 / 19 / 22
  •  BAF (IPI/MLB):  $13 / 13 / 596 / 662 / 745 / 838 up $0 / 0 / 23 / 25 / 28 / 32
  •  BAF (USEC/RIPI/GULF):  $15 / 15 / 674 / 749 / 843 / 950 down $0 / 0 / 10 / 11 / 12 / 12

For more information, please contact a member of our International Freight Forwarding team or reach out to your Ascent Global Logistics representative directly.
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IATA Shows Air Cargo Growth For April 2018

A recent report from the IATA shows that global demand for air freight increased 4.1 percent in April 2018 year-over-year. For the first three months of the year, air freight volumes are up 5.1 percent year-over-year. See more here.
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Ocean Container Shipping Operators Intend To Institute New Surcharges

Recently, the world's leading vessel operators announced the introduction of new bunker surcharges. The leading vessel operators are likely to institute these new charges as a result of increasing fuel costs. See more here.

Retail Consolidation
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Sam's Club Predicted To Match Walmart's Prices

Sam's Club predicts that it will begin matching Walmart's prices. By ensuring price consistency with Walmart, Sam's Club hopes to improve its brand consistency and supply chain performance. See more here.
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Should Retailers Offer Free Shipping?

As consumers are shifting their shopping habits towards purchasing products from an e-commerce site, free shipping could potentially offer a more cost-effective experience for consumers. With OTIF regulations, this could have an impact on how retailers improve their supply chain efficiency. See more here.

Statistic of the Week

$12 trillion

The total amount of seaborne container freight shipped globally in 2017, according to Statista.

Click Here To Access More Stats

Links of the Week

Ocean Container Shipping Operators Intend To Impose New Surcharges
Northern European Ports See Consistent Gains In Container Volumes
ISM Reports Consistent Non-Manufacturing Growth In May 2018
Truck Driver Shortage Solution: Recruit Generation Z

Upcoming Events

Catch up with the Ascent Global Logistics team at the below upcoming event:  

PPAI EXPO EAST 2018 
Atlantic City, NJ - June 11-13, 2018 

International Holiday Calendar

International Holiday Calendar 6.6.18

ABOUT US

Ascent Global Logistics is a full service global logistics company providing:

Domestic Freight Management
International Freight Forwarding
Retail Consolidation

With a commitment to providing clients with customized logistics solutions, premium customer service, state-of-the-art technology tools and continuous logistics education, Ascent Global Logistics is your partner for peak logistics performance. 

Visit www.ascentgl.com for more information.