It is going to be a challenging year for the entire shipping industry. March imports in the Transpacific jumped 51%. Every major trade publication is predicting that the 2021 space issues will be much worse than what the industry experienced in 2020. The carriers have sold out all space for the 2021-22 contract period. This unprecedented space crisis is going to present many…
CONTINUE READINGIndustry Resources
Learn about IHA’s cost-saving programs, including the International Housewares Shippers Association, designed to help members grow their business!
Carriers Flex Their Muscles During Negotiations
Ocean contract negotiations for cargo moving from Asia to the US are coming to an abrupt end. Negotiations in this market traditionally start in February and last until the end of April. The unprecedented demand in the market has drastically changed the negotiation timetable. Carriers have made it clear that shippers waiting to finalize contracts at the end of April in hopes of…
CONTINUE READINGCOVID-Related Legislative and Regulatory Changes for Employers
On March 11, President Biden signed the American Rescue Plan Act of 2021 into law. The $1.9 trillion “ARP” is different than the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act that passed with bipartisan votes in March 2020 and initiated the Paycheck Protection Program (PPP) and new tax breaks. Aside from targeted financial programs for…
CONTINUE READINGU.S. Retail Intelligence – March
March 27 – Star Market Goes Big in FenwayThe retailer is planning a 50,000-square-foot store for a mixed-use development as part of an expansion at 401 Park. From: Win sight Grocery Business March 26 – J.C. Penney's Interim Chief Sees Signs of GrowthJ.C. Penney is seeing weekly improvements, especially in specific growth categories including workout wear and home goods,…
CONTINUE READINGService Contracts Underway for Asia to US Cargo
Shippers moving containers from Asia to the US are in the midst of very tough service contract negotiations. As anticipated, the carriers are demanding very strict container commitment guidelines, reductions in free time and significant rate increases. Finding sufficient carriers to meet your forecasted container demand has been the biggest challenge for shippers since 2021…
CONTINUE READINGU.S. Retail Intelligence – February
February 26 – Meijer Plans Supplier Diversity Event In MayMeijer in May will host a supplier diversity event, giving businesses nationwide the opportunity to showcase their offerings for interested merchants at the retailer. From: HomeWorld Business February 26 – Qurate Beats Wall Street Q4 Earnings EstimateQurate Retail beat a Wall Street Q4 earnings estimate as sales…
CONTINUE READINGState Legislation Looks to Manufacturers to Fund Recycling Costs
In recent months, a barrage of state-level bills has been introduced throughout the country seeking to generate revenue from product manufacturers for the costs of recycling their products and packaging. Extended Producer Responsibility (EPR) bills seek to extract funding from manufacturers to cover the escalating costs of recycling materials. Traditionally, these…
CONTINUE READINGBiden Administration Workplace Rule Changes
One policy area that’s seeing a big shift in Washington, DC, involves workplace rules and regulations. The Biden Administration, along with the Democratic sweep of Georgia’s two Senate seats, will add impetus to legislative and regulatory labor law changes concerning overtime pay; what constitutes a joint-employer; the test to determine an independent contractor vs. an…
CONTINUE READINGIHSA Declares 2020 Refund
The surge in US imports over the last six months has been unprecedented and is causing problems in all facets of the supply chain. Carriers are telling importers to expect this highly volatile market to last through the 2021 Chinese New Year. A few carriers are suggesting this volatility will last through October 2021. Through all the volatility, the support of IHSA’s…
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