The Weekly Freight Report for July 7th, 2022
The Top Headlines in Freight, Transportation, & Logistics from FLS Transport
The FLS Weekly Freight Report covers the week’s top news in logistics, transportation, shipping, and freight. This week’s report covers port slowdowns due to failed contract negotiations, cargo pile up at west coast ports, excess inventory that’s out of season, crude oil exports, and digital license plate pilot program.
- PORT SLOWDOWNS | Contract negotiations fail as dock workers fight against port automation improvements.
- REVENGE OF THE SIT | Who is responsible for sitting cargo containers at west coast ports?
- CHRISTMAS IN JULY | How will retailers navigate high costs and excessive out-of-season inventory?
- KEEPING CRUDE | Why is the US exporting crude oil rather than using it to lower gas prices?
- DIGITAL PLATES | Pilot program for digital license plates available to CMVs in 3 states.
PORT SLOWDOWNS | Contract negotiations fail as dock workers fight against port automation improvements.
West Coast shipping ports and union dockworkers have yet to agree on contract negotiations impacting 22,000 workers at 29 ports.
As negotiations continue, one of the main sticking points is the impact of automation on jobs, costs, and production efficiency.
If an agreement is not reached, then cargo movement could slow down.
Read more on how this has hurt businesses in the past and why workers do not want more automation.
REVENGE OF THE SIT | Who is responsible for sitting cargo containers at west coast ports?
West Coast ports are seeing cargo piling up on the docks again and are considering accessing the “dwell” fee again.
So, what is the reason for sitting cargo containers this time?
As you remember, it was chassis shortages and warehouse space availability last year.
There is another culprit this time…
CHRISTMAS IN JULY | How will retailers navigate high costs and excessive out-of-season inventory?
With business costs in 2021 topping $1.85 trillion, retailers are stuck with loads of inventory.
However, the inventory crowding isles, shelves, and warehouses are the wrong inventory as consumer demand has shifted.
For example, you finally receive that shipment of Halloween costumes… in December.
So what do retailers plan to do as they wade through excess inventory consumers do not want?
Find out more here.
KEEPING CRUDE | Why is the US exporting crude oil rather than using it to lower gas prices?
Why is the US exporting 8.6 million barrels of crude oil daily with a gas price crisis?
Why don’t we keep our crude oil and use it to lower gas prices?
Well, it is not that simple. Find out why.
DIGITAL PLATES | Pilot program for digital license plates available to CMVs in 3 states.
Imagine your truck is stolen… your license plate changes from having the traditional letters and numbers to saying “STOLEN.”
That could be a reality soon as three states have adopted digital license plates.
Will your state have the pilot program available?
Sweet job. Smart People. Want in?
Competitive Pay. We hire the best and brightest. Our compensation plan supports that initiative.
Benefits. Health, Dental, Vision, and Disability for individuals and families with company contribution.
Career Growth. We support our employee’s professional growth through intentional mentorship and training.
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