Ocean carriers are looking into accepting the TSA (Transpacific Stabilization Agreement) proposal regarding a peak season surcharge (PSS). This PSS would begin quickly – June 10th, 2012 so companies should prepare for this possibility. The peak season surcharge has been proposed since ocean carriers have been experiencing high volumes that are expected to […]
Currently there is an oversupply of ocean capacity, and while this may sound like a good thing for shippers, ocean carriers are facing obstacles that may cause them to remove capacity drastically. Ocean carriers are facing rising costs paired with low rates, which decreases their profitability. The concern for the industry is that […]
A chassis is a special trailer or undercarriage used to transport ocean containers over the road. The United States is the only large market where ocean carriers own and provide chassis to truckers to move containers. Several years ago, Maersk was the first ocean line to announce the decision to end its ownership of chassis. […]
To recover from congestion, ocean carriers seek double GRI’s On Wednesday, shipping lines in the eastbound pacific announced their intentions to raise ocean freight rates $600 per FEU (forty-foot equivalent unit) on March 9th, and also announced an additional $600 per FEU anticipated on April 9th. 15 of the largest container lines in the trades […]
A broad range of retailers, manufacturers, truckers and other business groups in the United States are appealing to the Federal Maritime Commission to set new policy preventing terminal operators and ocean carriers from charging unfair fees when uncontrollable incidents such as storms and strikes keep cargo from being picked up from ports on time. The […]
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PNG Logistics is a full service Third Party Logistics (3PL) company that has helped hundreds of clients to lower their freight costs and increase shipping efficiencies. Our service is highly personalized and every shipment we handle is managed by an experienced logistics expert with our clients' best interest in mind.
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