SCS Weekly Rundown | June 18th, 2024
FMCSA Approves Fee Hike for Carriers & Brokers
This is the first fee hike since 2010, and intends to fund state highway safety programs.
The Federal Motor Carrier Safety Administration (FMCSA) has approved an increase in Unified Carrier Registration (UCR) fees for the 2025 registration year, marking the first rise in over a decade after two years of reductions. This adjustment primarily impacts motor carriers, brokers, and leasing companies, with the additional revenue generated supporting state truck safety programs and related administrative costs.
Read all about this change here.
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New Maersk Lane Between Chicago and China
Maersk is unveiling a North American air route to meet shifting customer demands.
Maersk will launch a new air cargo service between Chicago Rockford International Airport and Zhengzhou, China, pausing its Shenyang to South Carolina route. The service, operating three times per week with a stop in Anchorage, aligns with the recent shifts to customer demand. The introduction of Maersk’s first Boeing 777 freighter in the third quarter will further boost cargo capacity, supporting their strategy to become a fully integrated logistics provider.
Dive into the details and click here.
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Dockworkers Demand Their Pay Match Profits
Union halts labor talks amid concerns of automation and record corporate earnings.
The International Longshoremen’s Association (ILA) halted contract talks with the United States Maritime Alliance, seeking wage increases proportional to recent corporate profits. The ILA accuses APM Terminals and Maersk of replacing jobs with automated technology, impacting dockworkers’ employment. The union, representing 85,000 workers, threatens a potential strike on October 1st if a new agreement has not reached.
Learn more about this situation here.
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How An Early Peak Season Affects The Market
A surge in E-commerce and port issues are driving air cargo demand to an early peak.
Airfreight demand is surging due to strong E-commerce fulfillment from China and early holiday shipments to avoid rising costs and ocean shipping delays. Major air cargo volumes from Asia and the Middle East to Europe are up, driven by port disruptions from the Middle East conflict, resulting in higher airfreight rates. E-commerce's dominance in air cargo continues to reshape traditional seasonal shipping patterns at a moments notice.
Get the full story by clicking here.
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