Container shortages in Asia, especially China and India, are worsening as dwell time in the US and Europe increase and carriers struggle to return enough empty containers. The global supply chain is at risk at falling behind at a critical time, just before the upcoming peak shipping season. A spike in orders in July and … Continued
Exclusions to the additional 7.5% tariff on goods from China under China Section 301 (List 4A) expired on September 1. All goods previously listed will now be subject to an additional 7.5% tariff except those granted extension by the United States Trade Representative (USTR). Exclusions are being extended for less than 100 products (see list … Continued
Ocean carriers in the Trans-Pacific trade have announced rate increases effective Sept 1, 2020. Rates to USWC ports will be increased by between $400-$450/container. IPI rate increases will also average between $400-$450/container while rates to USEC ports will be increased on average between $500-$700/container. Vessel space on the Trans-Pacific continues to be extremely tight despite … Continued
Worldwide Logistics Group is pleased to announce the opening of their subsidiary in Germany. WWL Germany GmbH represents the company’s first office in Continental Europe. Worldwide Logistics Group now operates from 15 locations in eight countries. Tom Peacock, Worldwide Logistics’ Director of Supply Chain Solutions and a key figure in the expansion into Germany, said, … Continued
Worldwide Logistics Group has expanded its warehouse operations in California adding a 38,000 sq. ft. warehouse for additional capacity. The new facility is in close proximity to the existing Worldwide Logistics Group Torrance warehouse. Since opening the initial warehouse in Torrance in 2019, Worldwide Logistics has seen huge growth in both container transloading and fulfillment … Continued
Amazon has imposed restrictions on FBA (Fulfillment by Amazon) sellers, dictating the quantities they are allowed to store at Amazon warehouses. Sellers will have to comply with specific storage limits in cubic feet, which are calculated based primarily on commodity type and sales volume. Going forward, sellers will need to find alternative arrangements for any volumes … Continued
Worldwide Logistics, Inc. announced that they have joined the newly formed forwarder network Mundu. Mundu is based in Stuttgart, Germany and operated by Daniel and Alissa Jacobs. All 17 WWL offices in 7 countries will participate in this network. Joining the Mundu network helps WWL expand its global reach. Mundu is known for its international … Continued
With the continuation of aggressive blank sailing programs and overbooking, particularly on US West Coast bound vessels, upward pressure on rates has continued. Carriers have implemented increases effective July 1, 2020. On average rates to US West Coast and IPI points serviced via the US West Coast were raised by $400/40’ container. Rates to US … Continued
Carriers on the trans-Pacific eastbound lane have successfully imposed a Peak Season Surcharge (PSS) effective June 15. Although trade volumes continue to lag, the carriers’ policies of aggressive capacity management hav resulted in upward pressure on rates. So far this month, rates to the US West Coast have increased by 29.2% while US East Coast … Continued
Increases in blank sailings in response to low volume levels is causing rate hikes and space constraints with many of the big carriers. Earlier this week, The Alliance (Hapag Lloyd, ONE, YML and HMM) along with the 2M Alliance (Maersk Line and MSC) announced that about 75 sailings will be canceled through September in a … Continued
