The Weekly Freight Report for September 15th, 2022
The Top Headlines in Freight, Transportation, & Logistics from FLS Transport
This week’s report covers the railroad embargo on transporting hazardous materials and supply chain disruptions if the railroads strike. The report also covers the top 5 reasons to work with a 3PL, why consumers will pay double for eco-friendly products, and legislation requiring companies to pay truckers overtime.
- RAIL EMBARGO | Railroads are preparing to stop transporting hazardous materials this week.
- SUPPLY DISRUPTION | How will cross-border trade suffer if the railroads strike on Friday?
- TOP 5 REASONS | Why do modern e-commerce brands partner with 3PLs?
- DOUBLE THE PRICE | Which generations are willing to pay double for eco-friendly products?
- TRUCKER OVERTIME | New legislation could require trucking companies to pay their drivers overtime.
RAIL EMBARGO | Railroads are preparing to stop transporting hazardous materials this week.
As the White House works with numerous groups to address possible supply chain interruptions, the railroad companies are placing embargos on transporting hazardous materials.
The reason for the embargo is to prevent hazardous materials from being stranded if a labor strike happens this week.
The top goods to be impacted are food, energy, oil, and public-health-related products such as chlorine used to treat water.
See the details here.
SUPPLY DISRUPTION | How will cross-border trade suffer if the railroads strike on Friday?
Suppose the railroads go on strike on Friday.
In that case, cross-border trade between the US and Mexico could leave companies (and consumers) without things like cars, auto parts, home appliances, raw materials, energy products… and beer.
For example, 56% of beer in the US comes from the largest brewery in the world, located in Nava, Mexico.
That’s just one commodity that will experience disruption if the unions do not agree by Friday. Want to know what other commodities could experience disruptions? Click here.
TOP 5 REASONS | Why do modern e-commerce brands partner with 3PLs?
Modern e-commerce brands rely on 3PLs, like FLS Transportation, to improve innovation, competitiveness, and expansion in new markets.
The e-commerce industry has grown to account for 22% of all retail sales in recent years.
With 3rd Party Logistics (3PL) companies living and breathing everything logistics, e-commerce companies have turned to them as an essential business resource.
What are the top 5 reasons they partner with 3PLs like FLS Transportation? Find out here.
DOUBLE THE PRICE | Which generations are willing to pay double for eco-friendly products?
The 2022 Retail and Sustainability Survey published by CGS shows how much MORE customers are willing to pay for sustainable products and services.
Consumers are pushing legislators and companies to embrace sustainability and are willing to pay 100% more for eco-friendly products.
This survey breaks down by generation the importance each group places on sustainability and how much more they will pay for those products.
Get the details on your potential customers here.
TRUCKER OVERTIME | New legislation could require trucking companies to pay their drivers overtime.
Truckers spend long hours driving and waiting as they deliver consumer goods from coast to coast across North America.
An outdated bill has kept these drivers from receiving overtime pay, and this new legislation hopes to change that.
The Guaranteeing Overtime for Truckers Act would require companies to pay overtime to truck drivers.
What impact could this have on the economy if it passes? Would there be an increase in driver retention? Find out here.
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