The global supply chain remains a complex and ever-changing landscape. As we navigate these fluctuating waters, staying informed about key developments in containerized ocean freight is crucial to making informed decisions and maintaining efficient operations. Regulatory Landscape: Recent rulings by the Federal Maritime Commission (FMC) have sought to address…
CONTINUE READINGIndustry Resources
Learn about IHA’s cost-saving programs, including the International Housewares Shippers Association, designed to help members grow their business!
U.S. Retail Intelligence – August
July 30 – Beyond ‘remains in the red’ as it prepares to relaunch Zulily The company said it hit its Q2 revenue target and improved its bottom line, but sales are in decline. From: Retail Dive July 29 – Qurate Names Former Off 5th Exec Sirhal Chief Merchant for QVC Qurate Retail Group has appointed Mara Sirhal chief merchandising officer for QVC U.S., the…
CONTINUE READINGSupreme Court Decisions Curtail Agencies’ Reach
Three summer 2024 decisions from the Supreme Court of the United States (SCOTUS) will have a major impact on administrative law. SCOTUS repealed Chevron deference in Loper Bright v. Raimondo; extended the statute of limitations to challenge a rule in Corner Post v. Board of Governors; and limited agencies’ administrative law courts while upholding the right to a jury trial in…
CONTINUE READINGU.S. Retail Intelligence – July
June 28 – Off-Price Retailer Bealls Names Less Senior Marketing VP Less leads brand marketing, e-commerce and guest strategy including supervising Bealls loyalty programs. From: HomePage News June 28 – Jim Pattison Group Acquires Save Mart Modesto, Calif.-based Save Mart, a Kingswood Capital Management LP portfolio company, has almost 200 Save Mart, Lucky and FoodMaxx…
CONTINUE READINGPregnant Workers Fairness Act
With so many new employee-relations regulations now being issued by the U.S. Dept. of Labor, Occupational Safety and Health Administration, National Labor Relations Board, and even the Federal Trade Commission (i.e., the non-competes ban), it would be easy to overlook important new regulations from the Equal Employment Opportunity Commission (EEOC) that could impact a…
CONTINUE READINGWhy Shipping Rates Are Soaring (and When Relief Might Come)
If you thought the days of skyrocketing ocean shipping rates were behind us, think again. Just when shippers hoped for a post-pandemic reprieve, a perfect storm of factors once again pushed prices upwards. Here's the lowdown on what's happening and what to expect: Capacity Crunch: Not What We Expected Before the Chinese New Year in 2024, the outlook seemed promising for…
CONTINUE READINGU.S. Retail Intelligence – June
May 31 – Ultra Credits Target Partnership Royalties for Q1 Comp Sales Gain In a conference call, Ulta CEO Dave Kimball said royalty income from its partnership with Target contributed to the sales gain. From: HomePage News May 31 – Burlington Rides Early Spring Rebound to Q1 Sales, Earnings Gains Burlington Stores readily beat Wall Street first-quarter earnings estimates…
CONTINUE READINGShipping and Tariff Developments
On Feb. 26, 2024, the Federal Maritime Commission (FMC) published the final rule “Demurrage and Detention Billing Requirements.” Most of the rule went into effect on May 28 and the catalyst was the Ocean Shipping Reform Act (OSRA) of 2022, which IHA lobbied for to authorize regulations making demurrage and detention billing timelier and more transparent. As explained in the…
CONTINUE READINGShippers Faced with High Freight Rates and Strong Demand
The Asia to U.S. market is experiencing a heavy surge in demand. The surge has caused freight rates to increase substantially over the last month. This has been costly for shippers that rely on the spot market to move their cargo. Shippers can expect spot rates to continually increase as long as demand outpaces available capacity. The strong market condition has caught many…
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