Warehouse Rent Costs are Leveling Out in Good News for BCOs Looking to Expand
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.
3 Reasons Why the Freight Forwarding Industry Will Not Experience a Big Disruption from Technology
As I am reaching my 20th year in freight forwarding, it is clear the freight forwarding industry...
Truck Drivers Face Increased Delays Due to Shipping Company Practices
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.
An Overview of the Transpacific Market in Q2 2024
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.