One of the main concerns for BCOs and logistics providers is the ever-rising cost of warehouse rent. According to a recent article on JOC.com, “Most North American industrial real estate markets have experienced at least a 25 percent increase in rental rates since 2022,” including both inland hubs such as Tacoma, Washington and Chicago, Illinois, and the more coveted seaport locations like the Port of Los Angeles-Long Beach. Fortunately, there is finally light at the end of the tunnel – this enormous, nearly decade-long steady increase may finally be tempering out.
As I am reaching my 20th year in freight forwarding, it is clear the freight forwarding industry...
Despite rising shipping costs and the threat of imposed penalties, a report released by the American Transportation Research Institute (ATRI) says American shippers are detaining truck drivers for longer periods of time during pickups and deliveries, creating a strain on the logistics industry’s ability to meet consumer and client demands and possibly creating safety concerns in the process.
The traditional February - June peak shipping season this year has been a bit disappointing for carriers as many shippers reduced shipments due to the U.S.- China trade war.