As 2023 draws to an end, there is a lot of uncertainty on whether the 2024 Asia-to-U.S. market will be profitable or disastrous for the carriers. Unfortunately for the carriers, early warning signs indicate that the latter will prevail. The biggest issue carriers face is overcapacity. Until that issue is resolved, the carriers will continue to burn through cash. The carriers…
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 – December
November 30 – Get Ready for More ALDI Stores in December According to the company, its disciplined approach to operating with simplicity and efficiency is able to provide customers with the products they want at the lowest possible prices. From: Progressive Grocers November 30 – Kroger Q3 Beats Wall Street Despite Consumer Spending Reluctance Despite tighter consumer…
CONTINUE READINGADA Website Lawsuit Developments
The Americans with Disabilities Act (ADA) became law in 1990 and its primary focus is Title III, which concerns accessibility for those with disabilities in public accommodations and commercial “brick and mortar” facilities. But the ensuing arrival of the internet and its new platform for selling products was seized upon by trial lawyers as a “target rich environment” for ADA…
CONTINUE READINGU.S. Retail Intelligence – November
October 30 – Tractor Supply Q3 Earnings Beat Street As Sales Lag Despite lower revenue than expected, Tractor Supply beat a Wall Street earnings estimate in the third quarter. From: HomePage News October 30 – Kroger-Albertsons Proposed Mega-Merger Is a Threat to Workers and Shoppers Alike Union rep weighs in on implications of pending high-profile deal. From:…
CONTINUE READINGNew Workforce Regulations for Employers
Three workforce regulations from the National Labor Relations Board (NLRB) and Occupational Safety and Health Administration (OSHA) could have a big impact on IHA members and employers across the country. All of them are controversial and could be challenged in court by business organizations. On Oct. 27, the NLRB published a final rule addressing the Standard for…
CONTINUE READINGCargo Shifting Back to West Coast Ports
Over the last few years, shippers have been slowly but steadily shifting imports away from West Coast ports to East Coast ports. There are now indicators showing that the pendulum is shifting and shippers are beginning to return to West Coast ports. There were plenty of reasons for shippers to make the shift away from West Coast ports. For starters, the lack of a contract…
CONTINUE READINGRenew the GSP Program and Refund Duties
The Generalized System of Preferences (GSP) program was created to encourage economic development for emerging economies in qualifying countries by reducing tariff burdens on U.S. companies to encourage investment and partnerships in those places. The program has been regularly renewed but lapsed in 2021 and Congress has not been able to reach an agreement on renewal for a…
CONTINUE READINGCarriers Suspending Asia-to-U.S. Services
There are clear indications that the carriers are worried about the strength of the Asia-to-U.S. market. Rates are on a downward trajectory and services are being suspended. These are telltale signs that the demand is not close to rebounding. The carriers have canceled hundreds of sailings since the beginning of July in the Asia-to-U.S. market. However, they have shown…
CONTINUE READINGU.S. Retail Intelligence – October
September 29 – Spooky Season Kicks Off with New Trends Grocers aiming to scare up sales during the Halloween selling season are tapping into trends to meet shopper interests and needs. From: Progressive Grocer September 29 – Kohl’s Hires Former Tuesday Morning Chief Hand To Lead Store Operations Kohl’s announced the appointment of former Tuesday Morning CEO Fred Hand to…
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