Chicago, also known as the “City of Big Shoulders,” carries a significant weight in America’s intermodal freight network. As the nation’s largest intermodal hub, Chicago connects the vast American freight system, allowing for the smooth flow of commodities across the country and beyond. Chicago’s intermodal hub is a lively intersection where the eastern and western train networks converge. This un...
The intermodal rail system in the United States is a monument to the country’s logistical expertise. This complex network links seaports, interior ports, and key industrial and consumer districts, promoting local and international trade. The utilization of more than one method of transportation for a consignment is referred to as intermodal transportation. In the United States, this frequently ent...
The analytics firm Everstream released a risk report in April related to sourcing from Chinese suppliers. According to the report, they’ve applied a 90% risk score to the supply chain because of the continuing potential for delays and cancellations — mainly because of ongoing localized outbreaks of COVID-19 across the country. However, the report didn’t focus solely on China. They indicated severa...
As American businesses started shifting their manufacturing operations from China to other Southeast Asian nations, including Vietnam, Indonesia, Thailand, and Malaysia, over the past ten years, the world’s production environment underwent a seismic shift. This change is the result of a purposeful realignment of international supply chains that is being influenced by numerous economic, geopolitica...
New York University’s Stern School of Business recently released a study saying that globalization hasn’t reversed. With recent and current events such as COVID, the trade war between the US and China, the war in Russia and Ukraine, and the UK leaving the European Union, many thought it would. Instead, according to the study, the past two decades have seen that the average distance covered by trad...
The United States Customs and Border Protection (CBP) requires a sort of financial guarantee known as an import bond for specific types of commodities that are brought into the country from other countries. A assurance that the importer will pay any tariffs, taxes, or fees that are owed on the imported products is provided by the bond as a service to the government. Single entrance bonds and conti...
Starting off with a look at US container imports, the 10 busiest ports saw a drop in volume of 296,390 TEUs in February 2023 when compared with the previous month. The bad news for the Port of Los Angeles is that it represented 40% of that decline. The good news is that this isn’t unprecedented. In fact, February’s numbers are a mere 0.3% lower than they were in 2019, pre-pandemic. Click Here to R...
In recent years, there has been a noticeable increase in the volume of trade that occurs between the United States and Vietnam. Trade relations between the United States and Vietnam date back to the 19th century, when Vietnam was still a colony of France and the United States was working to increase its influence in the region. These relations have endured for a very long time. However, prior to t...
There are two distinct categories of logistics organizations that work to make it easier for commodities to travel from one location to another. These companies are known as freight forwarders and non-vessel operating common carriers, respectively. Although both kinds of businesses offer services that are comparable to one another, such as the coordination of transportation, the clearing of custom...