The Weekly Freight Report for August 4th, 2022
The Top Headlines in Freight, Transportation, & Logistics from FLS Transport
The FLS Weekly Freight Report covers the week’s top news in logistics, transportation, shipping, and freight. This week’s report covers the US Grains Council improving global trade growth, legal action against truckers protesting AB5 in Oakland, speeding fines on the Atchafalaya Basin Bridge, NY/NJ Port Authority dwell fees, and warehouse space shortage.
- GLOBAL TRADE GROWTH | How has the US Grains Council improved the global commodities market?
- LEGAL ACTION | Here’s why the Port of Oakland is suing truckers over AB5 protest.
- HEFTY FINES | How will speeding be enforced on the 18-mile-long Atchafalaya Basin Bridge?
- MORE FEES | Port Authority of NJ & NY slaps fees on ocean carriers for sitting cargo.
- WAREHOUSE WOES | How much additional space is needed to address the warehouse shortage?
GLOBAL TRADE GROWTH | How has the US Grains Council improved the global commodities market?
The US Grains Council (USGC) has been working hard to establish relationships with global industries and governments that have improved global trade.
During the recent USGC Annual Board of Delegates meeting, many individuals cited efforts and programs instituted across the world that have led to increased demand for US commodities.
Read more here about which commodity markets are improving due to the USGC.
LEGAL ACTION | Here’s why the Port of Oakland is suing truckers over AB5 protest.
Oakland truckers peacefully protesting AB5 are being sued by the Port of Oakland; however, the court has decided to take more time to review the case.
Some truckers just happened to be in the wrong place at the wrong time and were grouped in with the protesters.
Why is the port suing the protesting truckers? Find out here.
HEFTY FINES | How will speeding be enforced on the 18-mile-long Atchafalaya Basin Bridge?
Anyone who has traveled across Louisiana knows about the incredibly long bridge that takes you over the surrounding swamp, the Atchafalaya Basin Bridge.
With no exits or shoulders for 18 miles, this bridge can be very hazardous if everyone doesn’t follow the speed limits.
In 2021, there were 269 crashes with two deaths and 89 injuries on the Atchafalaya Basin Bridge.
Truckers crossing the bridge in under 18 minutes could be hit with $ 1000’s in fines. How is this going to be enforced? Find out here.
MORE FEES | Port Authority of NJ & NY slaps fees on ocean carriers for sitting cargo.
The Port of New Jersey and New York have experienced a 34% increase in cargo since 2019 as carriers move shipments from the west coast to the east coast.
As a result of the increased volume, the Port of NJ/NY will charge ocean carriers fees for long-dwelling containers beginning September 1.
Find out how high the fines will go here.
WAREHOUSE WOES | How much additional space is needed to address the warehouse shortage?
Retailers flooded with inventory struggle to find space to store out-of-season items crowding their facilities and sitting in US ports.
Prologis Inc predicts that the US will need an additional 800 million sqft of warehouse space to meet the capacity demands.
What impact will the tight industrial real estate market have on storage prices? Find out here.
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