New York is the First Port of Call
New York is the first port of call for most container ships arriving at US east coast ports, due to its ability to handle ultra-large container ships and easy access to the Midwest. Factors that make NY attractive for the biggest carriers include the recent raising of the Bayonne Bridge, improvements in its waterways, major capital investments and the imminent completion of the ExpressRail terminal in Bayonne. Read about the recent arrival of the YM World at Freightwaves.
Digital Freight Management Systems
Digital freight management systems may push traditional freight forwarders out of business. However forwarders offering 3PL services, provide added value because the complexity of certain supply chain services are not conducive to digitization. Cargo owners benefit from digital platforms by cutting out middlemen for point to point transport but still need logistics specialists to handle pre and post-shipment services.
To learn more about digital platforms and related block chain developments, click on below links:
Steel and Aluminum Tariffs
Steel and aluminum tariffs have been lifted on imports from Canada and Mexico to the US. In return, Canada has agreed to lift the retaliatory tariffs on import of certain products from the US. This move will bring welcome relief to many industries. Imports into Canada still require NAFTA documentation for customs. Once the USMCA is approved by all parties, the requirements are likely to change.
Read more at Transport Topics
(Photo: An employee performs a quality check on a steel slab at a plant in Nanticoke, Ontario, Canada. Cole Burston/Bloomberg)