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Smaller logistics companies are having trouble keeping up with the boom in online commerce. While Asia looks at logistics as a prime opportunity for growth, developed nations, in particular the U.K., have seen a disruption in the traditional logistics sector that has led to the collapse of a record number of couriers and haulers. Even though online orders grew 14% and fuel prices fell, overcapacity in the U.K.’s courier and hauler industry drove freight transport prices down. As a result of buyer appetite for speed in delivery and demands from manufacturers and distributors for processing of large volumes at high […]
The Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) have struck a tentative agreement on a five-year contract that will cover workers at all U.S. West Coast ports. The details of the deal are being held in confidence while the agreement awaits ratification by both organizations, but they acknowledge that a cooperative arrangement was reached with the assistance of U.S. Secretary of Labor Thomas Perez and Federal Mediation and Conciliation Service deputy director Scot Beckenbaugh. In a joint statement, PMA president James McKenna and ILWU president Bob McEllrath said the 29 West Coast ports “can […]
Join us for a complimentary webinar on March 3, 2015 from 1-2pm CT Cyber attacks are on the rise and threaten the business operations of customs brokers, freight forwarders and other logistics service providers. Cargo theft, third party data loss and damage to your reputation are just a few of the ways these crimes can impact your business. Attendance is worth 1 CCS/CES credit. To ensure you receive credit, please add your NEI ID number during registration. This webinar will cover: Cyber risks and how they impact your industry What you need to know about cyber crimes How you can protect your […]
Please be advised that we are currently working on two claims involving fraudulent shipments of copper scrap imported from China. The containers in question were loaded with bricks instead of copper scrap. These are not isolated incidents as we have been advised by a Lloyd’s surveyor in China that there is a current scam operation being perpetrated in China. We strongly recommend that if you are asked to provide coverage for a shipment of copper of any kind (scrap, tubing, etc.) from China, please decline to do so. Additionally, we have heard of another fraudulent claim involving a shipment of […]
In honor of President’s Day, our offices will be closed on Monday, February 16th. We will resume normal business hours on Tuesday, February 17th. We recognize this patriotic day as a time to pay tribute to and celebrate our country’s great leaders. We wish everyone a safe and happy extended weekend!
More Than 70 Companies Declare Force Majeure on West Coast More than 70 trucking companies have sent letters to the Intermodal Association of North America and steamship lines declaring force majeure—that they won’t be able to fulfill contracts because of unforeseen circumstances, according to news from the Harbor Trucking Association reported by American Shipper. Truckers are being billed for enormous daily charges and demurrage fees for containers and chassis that are sitting waiting for loads or release as a result of congestion at the Port of Los Angeles and Port of Long Beach. Companies are facing hundreds of thousands of […]
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