Charlie McGee, Averitt's Vice President of International Solutions, recently sat down to discuss the state of the international ocean market. Watch the video below to find out what shippers need to be prepared for throughout 2017.Read More
When we asked shippers what their biggest challenges were in our 2017 State of The North American Supply Chain Survey, only 11 percent said they had issues with capacity. That number marked a 1 percent decrease from the prior year. On a graph, those numbers would appear to bode well for shippers as a sign of easing fears that a capacity crunch will not occur in the foreseeable future.
However, there are a growing number of indicators that truckload capacity will tighten in 2017. More concerning, though, these warning signs may even suggest that shippers and carriers will experience a significant truckload capacity crunch that could last for several years.Read More
As we approached the end of 2016, we conducted our second annual supply chain survey with shippers throughout the country and North America. By the end of our survey period, we had approximately 2,200 participants!Read More
Can you believe that another year is coming to a close? 2016 was full of surprises for shippers and supply chain professionals. Many of the stories that dominated headlines this year will impact us all in different ways. From the future of international trade to promises to fix U.S. infrastructure, the year was certainly one that will go down in the transportation management history books. Let's take a look at four of the top stories that will 2016 will be remembered for.Read More
Did you know that the trucking industry accounts for one out of every 16 jobs in the United States? Furthermore, 80% of communities across our country depend on truck drivers to provide access to goods and commodities that we often take for granted.
National Truck Driver Appreciation Week, September 11-17, 2016, is the time of year that we honor the men and women of our nation's driving force for their contributions to our businesses and society as a whole. If not for their hard work and dedication, we'd never be able keep moving forward.Read More
Topics: Industry News
Shippers May Experience Disruptions As Korean Firm Hanjin Files For Receivership
The seventh largest international vessel operator and member of the shipping partnership CKYHE Alliance filed for receivership on Wednesday (8/31) after losing financial backing of South Korean banks. Hanjin, which had amassed a debt of $5 billion by the end of 2015, has operated four out of the last five years in the red.
Overcapacity and weak demand contributed to Hanjin's inability to stay afloat as the world's major shipping lines went through numerous mergers, acquisitions and fought one another for market share.Read More
Nearly a decade after the initial groundbreaking, the Panama Canal's expansion of a third set of locks is set to open to container ships (and specifically mega-ships) on June 26th.Read More
Leaders and cargo movers from across the international shipping industry were out in full force this year for the Journal of Commerce's 16th TPM (Trans-Pacific Maritime) Annual Conference in Long Beach, CA. In the thick of it all was Charlie McGee, Averitt's vice president of international solutions.
After four days of making the rounds and sitting through discussions to size up the industry's concerns and outlook for 2016, McGee delivers his three major takeaways from TPM:Read More
In December, we conducted a survey with shippers across the country, asking them about their opinions on industry trends and how they had been affected during 2015. We also asked about their top concerns for 2016.Read More
Just as the media seemed poised to run headlines decrying the complete shutdown of operations at West Coast ports, the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) announced this past Friday evening that a tentative agreement had been reached.Read More