TMP Solutions

From our partners' offices, some industry news:

"Good morning, Team.

I hope the weekend treated you well.

With Q4 here, we are seeing the door close on securing predictable capacity before the pre-holiday surge.

Let’s schedule aside 10 minutes to discuss this week to conduct a Q4 Risk Assessment on your top lanes.

Please also see a brief market update below.

FTL

· Capacity Squeeze Incoming: The current oversupply is ending. Carrier bankruptcies are rising, and new truck builds are down 25%.

· Expect tight capacity and rate spikes during peak retail/produce seasons. I can assist by securing drop trailer capacity now.

· FTL spot rates are stable at low levels but are vulnerable to sudden spikes from weather and/or seasonal demand.

International

· Ocean Rates & Capacity: Vessel capacity is up 6% YoY due to new ship deliveries. This massive oversupply has caused Transpacific rates to drop 50-60% since Q2.

· Tariffs & Risk: Extreme uncertainty due to the potential end of the U.S.-China tariffs and the new 25% tariffs on Indian imports.

Thank you."

Smart Pallets: The Future of Logistics Traceability and Control - TMP Solutions, Inc. The logistics industry is investing heavily in smart pallets—conventional structures enhanced with IoT, RFID, BLE, GPS, and even blockchain sensors—to improve visibility, monitoring, and efficiency at every stage of ground or air transportation. Emerging projects such as the CHEP/BXB Digital pro...

Due to the 90-day reduction of US-China tariffs, we expect a massive wave of container shipments from China to the US. In response, shipping lines are reallocating vessels from Latin America routes to meet this demand, creating critical space shortages for Latin America-bound cargo.

Additionally, carriers have announced significant rate hikes effective June. To avoid premium charges, we strongly recommend arranging all shipments before month-end. Please coordinate with your consignees immediately to secure space. For urgent cargo shipments, our available space is ready for you.

Should you have any requirements, please don't hesitate to reach out. Thank you!

FEDEX Update
Hurricane Francine
Wednesday, September 12, 2024
"We are closely monitoring Hurricane Francine as it moves towards Louisiana. Our top priorities are the safety and well-being of our team members, as well as providing our customers with the highest level of service possible. Delays and disruptions can be expected for inbound and outbound shipments in the affected region as the storm progresses. Contingency plans have been activated, and we are committed to providing service to the best of our ability in areas that can be safely accessed.

Customers can expect pickup and delivery services in the New Orleans and Lafayette, LA markets to be impacted on Wednesday, September 12 due to local conditions and restrictions. Visit the Service Alerts page to stay updated and see a list of affected cities, states and ZIP Codes.

Residential recipients can enroll to stay informed of their shipment’s progress."

Market information for MAY 2024

Dear partner

As we can see the lines keep raising the rate every week from April. There are two main reasons ：

1. The economic recovery after the Covid 19 made the export increase from Asia. With the export increase, the space will be tight.

2. The Red Sea incident. This incident made the lines go through the RED sea to Europe. They need to take away from Cape of Good Hope. This means the transit time will take longer. They have to add more vessels to this routing to keep the service. So they take action to adjust the vessels from another area to support this routing. You will see the blank sailings. The blank sailing makes the space more terribly tight.

Above two reasons, it make the rate raising. As forecast, the high rate level will be kept till June. July and Aug are the pink season. Totally say, the high rate level will keep till November at least.

As for opinion, if have cargo ready plan, it is better to make a reservation early. The main problem is to get the space first. For any questions please contact us at: [email protected]

FedEx Express National Service Disruption
Tuesday, March 26, 2024
"FedEx Express experienced substantial disruptions at our Memphis hub last night due to severe weather that created hazardous operating conditions. The safety of our team members remains our number one priority.
Delays are possible for package deliveries across the U.S. with a delivery commitment of Tuesday, March 26, 2024. Contingency plans are in place, and we are prepared to provide the best possible service as conditions allow..."

FedEx Express National Service Disruption
Friday, March 15, 2024

"FedEx Express experienced substantial disruptions at our Memphis hub last night due to severe weather. The storm created hazardous operating conditions, and the safety of our team members remains our number one priority.

Delays are possible for package deliveries across the U.S. with a delivery commitment of Friday, March 15, 2024. Contingency plans are in place, and we are prepared to provide the best possible service as conditions allow."

"You have to be prepared," Maersk tells customers about Red Sea service

Danish group Maersk informed its customers in a statement on Tuesday that they should prepare for disruptions in the Red Sea to extend into the second half of the year and provide for longer transit times in their supply chain planning.
http://www.tmpsolutions.com/notes/you-have-to-be-prepared-maersk-tells-customers-about-red-sea-service/

Mediterranean Shipping Company (MSC), the largest shipping line in the world, restarted operations of the weekly container service “Canada Gulf Bridge” with Grupo CICE in Veracruz, which connects the Gulf of Mexico with the east coast of the United States and Canada .

https://www.theguardian.com/business/2024/feb/08/china-consumer-prices-plunge-at-fastest-rate-for-15-years-as-deflation-fears-deepen

China consumer prices plunge at fastest rate for 15 years as deflation fears deepen Plummeting food prices feed steep annual drop amid renewed calls to stimulate economy and offset weakening demand

Hurricane Idalia Operational Update

Tuesday, August 29, 2023

"Hurricane Idalia is causing hazardous conditions across portions of Florida. Our top priority is the safety and well-being of our team members, as well as providing you with the highest level of service. Delays and disruptions can be expected for inbound and outbound shipments starting Wednesday, August 30 in impacted areas. We are committed to providing service to the best of our ability in areas that can be safely accessed.

Please continue to check the Service Alerts page on fedex.com for regularly updated impacted ZIP Codes.

Will your shipment be affected?
In the event of evacuations, shipments that were not delivered before the storm will be secured in one of our facilities. Delivery will be attempted when it is safe to do so.

For your specific shipment status, please track your delivery. Residential recipients can enroll in FedEx Delivery Manager to stay informed of their shipment’s progress.

Potential service disruptions may not affect FedEx Express, FedEx Ground, FedEx Freight, FedEx Office, etc the same. There may be different levels of impact depending on city, state, and ZIP Code serviced.

Consistent with the provisions of the FedEx Service Guide, shipments delayed due to Hurricane Idalia are not eligible for a refund or credit under the Money-Back Guarantee policy."

FedEx Express National Service Disruption

Thursday, August 10, 2023

"Severe weather substantially disrupted FedEx Express operations at the Memphis hub last night. The weather created potentially hazardous operating conditions, and the safety of our team members remains our number one priority.

Potential delays are possible for package deliveries across the U.S. with a delivery commitment of Thursday, August 10, 2023. Contingency plans are in place, and we are prepared to provide the best possible service as conditions allow.

Potential service disruptions may not affect FedEx Express, FedEx Ground, FedEx Freight, FedEx Office, etc. the same. There may be different levels of impact depending on city, state and ZIP Code serviced. Please continue to check the Service Alerts page for the latest news.

Residential recipients can enroll in FedEx Delivery Manager to stay informed of their shipment’s progress. For specific shipment status information, please track your shipment at fedex.com.

Consistent with the provisions of the FedEx Service Guide, shipments delayed due to inclement weather are not eligible for a refund or credit under the Money-Back Guarantee policy."