Blog - Transmodal

Logistics Market Update – February 2023 https://transmodal.net/wp-content/uploads/shutterstock_1892071042-scaled.jpg 2560 1440 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png February 15, 2023 February 15, 2023

February 15, 2023

Logistics Market Update – February 2023

Here are some of the top news stories in freight for February: On March 18, 2023, CBP will deploy the Uyghur Forced Labor Prevention Act (UFLPA) Region Alert enhancement to the Automated Commercial Environment (ACE). This enhancement will provide an early notification to importers and their representative of goods that may have been produced in…

Loaded container ship coming into port with large dock cranes in the background

What is COGSA? https://transmodal.net/wp-content/uploads/5-ways-your-freight-forwarder-can-help-you-run-your-business.jpg 1000 665 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png February 13, 2023 February 15, 2023

February 13, 2023

What is COGSA?

The Carriage of Goods by Sea Act (COGSA) is a federal legislation in the United States that regulates the rights and liabilities of parties involved in the shipment of goods by sea. It was enacted in 1920 and has since been amended several times. The “Hague Rules” are the name of an international agreement that…

Docked cargo ship with containers in the background and trucking driving away

What Is General Average? https://transmodal.net/wp-content/uploads/customs-duty-outlay-ace.jpg 630 440 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png February 6, 2023 February 15, 2023

February 6, 2023

What Is General Average?

The concept of general average is a legal theory that dates back centuries and has its roots in maritime law. The notion behind the general average principle is that in the event of unforeseen and extreme occurrences, such as shipwrecks or hurricanes, all of the parties involved in a voyage should share in the losses…

Uyghur Forced Labor Prevention Act Region Alert https://transmodal.net/wp-content/uploads/shutterstock_461257402-1-scaled.jpg 2560 1707 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png January 30, 2023 February 1, 2023

January 30, 2023

Uyghur Forced Labor Prevention Act Region Alert

On March 18, 2023, CBP will deploy the Uyghur Forced Labor Prevention Act (UFLPA) Region Alert enhancement to the Automated Commercial Environment (ACE). This enhancement will provide an early notification to importers and their representative of goods that may have been produced in the Xinjiang Uyghur Autonomous Region (Xinjiang or XUAR) and may be excluded…

What are INCO Terms? https://transmodal.net/wp-content/uploads/shutterstock_721476064-1-scaled.jpg 2560 1438 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png January 27, 2023 January 27, 2023

January 27, 2023

What are INCO Terms?

International Commercial Terms, also known as INCO phrases, are a set of standardized terms that are used in international trade to specify the responsibilities of buyers and sellers in a more precise manner. When determining who is liable for the costs of shipping, insurance, and any other expenses connected to the movement of products, these…

Aerial view of a working dock and cargo ship begin loaded by a crane

Logistics Market Update – January 2023 https://transmodal.net/wp-content/uploads/customs-trade-compliance.jpg 690 518 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png January 20, 2023 January 20, 2023

January 20, 2023

Logistics Market Update – January 2023

It’s feels like the pendulum has swung—from boom to bust. The last few years had segments of the industry beside themselves in glee as they raked in huge profits. But the boom is bust, and it’s time to stop swaggering. The party is over for ocean carriers especially, and they’re preparing for things to get…

Logistics Market Update – December 2022 https://transmodal.net/wp-content/uploads/ocean-freight-full-container-load.jpg 630 440 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png December 14, 2022 December 14, 2022

December 14, 2022

Logistics Market Update – December 2022

News from around the global logistics industry: Earlier this month, a brand-new 24,004 teu carrier named the Ever Atop made its maiden voyage. It’s the world’s largest boxship — in terms of capacity — to date and is one of 10 new A24 carriers for Evergreen. It made its maiden voyage less than three-quarters full,…

Overhead view of dock crane unloading containers from a cargo ship

Logistics Market Update – November 2022 https://transmodal.net/wp-content/uploads/ocean-freight-non-vessel-operating-common-carrier.jpg 690 518 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png November 16, 2022 November 16, 2022

November 16, 2022

Logistics Market Update – November 2022

Here’s our November 2022 Logistics Market Update. Earlier this month, an issue of the Global Port Tracker shared that retailers are not feeling optimistic. The prediction is that this month’s containerized imports will drop 9.2% in comparison to November 2021. Further, December imports are expected to drop 9% year-over-year, and this downward trend will continue through…

Row of trucks against a background of stacked containers

Logistics Market Update – October 2022 https://transmodal.net/wp-content/uploads/trucking.jpg 690 518 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png October 20, 2022 October 20, 2022

October 20, 2022

Logistics Market Update – October 2022

Here are some of the top global shipping news stories for October. For the last several years, the norm has been to hear about port congestion on the US West Coast. However, West Coast ports are reporting their second month of decreased congestion. On the flip side, thanks to typhoons in the East, the ports…