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Ascent Global Logistics News Update

CLIFF NOTES 
Top Logistics Headlines This Week

Domestic Freight Management
Second Carrier Files for Temporary ELD Exemption

Second Carrier Files for Temporary ELD Exemption

This week YRC Worldwide joined UPS as the second carrier to request a temporary exemption from certain provisions in the upcoming ELD (Electronic Logging Device) mandate. Currently, all drivers will be required to comply with the FMCSA mandate as of December 18. Click here to read more. 
Truck Tonnage and Driver Turnover Increases.png

Truck Tonnage and Driver Turnover Increases

The American Trucking Association (ATA) reported this week that the truck tonnage index increased 8.2 percent during August compared to 2016. Driver turnover also increased during the second quarter with large truckload carriers averaging 90 percent turnover and smaller carriers averaging 85 percent turnover. Click here to read more. 
International Freight Forwarding
Many East Coast Ports Credit Expanded Panama Canal for Cargo Growth

Many East Coast Ports Credit Expanded Panama Canal for Cargo Growth

It has been just over a year since the opening of the expanded Panama Canal and many East Coast ports are citing the expansion as one reason for cargo growth. Savannah, Charleston, Norfolk, Philadelphia and Baltimore agree that the project has helped boost container volumes over the past year. Click here to read more. 
Maersk & Cosco Divert Cargo Away From Prince Rupert

Maersk & COSCO Divert Cargo Away From Prince Rupert 

Maersk and COSCO have announced a temporary diversion of cargo from the Port of Prince Rupert to Vancouver. Congestion and weeklong dwell times due to construction projects reportedly prompted the port rotation changes. Click here to read more.
MSC & CMA CGM Place Mega-Ship Orders

MSC & CMA CGM Place Mega-Ship Orders

Future market capacity looks to be on the rise as MSC and CMA CGM have confirmed orders for more ultra-large containerships. CMA CGM confirmed an order for nine 22,000 TEU ships and MSC confirmed it is ordering eleven 22,000 TEU vessels. The news has attracted attention in the industry as new orders have been limited the past two years due to overcapacity. Click here to read more. 

Retail Consolidation
Delivery Compliance Tied to Promotional Shelf Space

Delivery Compliance Tied to Promotional Shelf Space

Over the past few years, retailers have increasingly focused on supply chain improvement. With additional emphasis on logistics, available promotional space is becoming dependent on supplier delivery performance. To learn how retail consolidation can help, please contact our retail logistics experts.
Holiday Shopping Expected to Top $1 Trillion

Holiday Shopping Expected to Top $1 Trillion

According to Deloitte, holiday sales could increase as much as 4.5 percent this year to reach $1.04 trillion. E-commerce sales are expected to increase 18 to 21 percent year-over-year. Click here to read more. 

Statistic of the Month

$9.1 Billion

Forecasted spend on Halloween by Americans, according to the National Retail Federation (NRF). Consumers are expected to spend an average of $86.10 per person on Halloween related goods. The NRF estimates Americans will spend $3.4 billion on costumes, $2.7 billion on candy, $2.7 billion on decorations and $410 million on greeting cards.

Links of the Week 

Fast-changing Economy Could Upend Trucking, Analyst Says
Port of Virginia Aims to Have Channels Deeper and Wider Than the Port of Los Angeles
Retail Shouldn't Ditch the Store Because Millennials Love It, Survey Finds

Upcoming Events

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

COSE WebEd Series: Ship Smart & Save Money
Online 9/27, 10/18, 11/15 

Detroit Regional Chamber of Commerce Membership Maximizer
Detroit, MI 9/28

International Holiday Calendar

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Reminder: The Golden Week holiday, which will occur October 1-8 across China, is expected to impact transportation networks in the weeks leading up to and following the holiday. Combined with peak shipping season, congestion and space tightening is expected. To alleviate space challenges, ocean and air cargo bookings should be secured as early as possible. Bookings should be placed at least three weeks in advance of the departure date, however, more than a month of lead time is suggested. 

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.