delivery man lifting cardboard boxes from the back of his truck

Supply Chains Looking to Normalize

Supply chain management has been turbulent over the last two years. However, the outlook for 2023 is improving. The Logistics Managers’ Index reports that by September, a return to regular operations is forecasted by the following year.

While there have been substantial improvements in international transportation capacity, industry experts caution that the recovery’s speed may take some optimism from people but that things are going in the right direction. In the United States, for example, raw materials and components may still need to be secured by some companies.

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airplane flying over large shipping containers

Many Ocean Shipping Lines Are Moving to Aircraft

The three dominant European container shipping companies (AP Moeller-Maersk, CMA CGM Group, and Mediterranean Shipping Co.) have primarily avoided airfreight, feeling that it is an expensive distraction from their core businesses of operating giant vessels, container terminals, and related logistics operations around the world. However, executives claim that many customers are now opting for air shipping because it is more cost-effective and reliable. Maersk, the world’s largest container shipping company, began an air cargo division in April last year and now has a fleet of 15 planes. Learn more.

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Household Goods Summer Update

While the summer household goods moving season is heating up, 2022 is shaping to be hotter than usual. The summer of ‘22 is the perfect storm which includes a range of issues the industry has been battling for some time, such as driver and labor shortages, not to mention the high gas prices as of late. Today, there is a range of new challenges, compounded by the lingering events of the pandemic and higher fuel costs.

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young woman filling up her car at the gas pump

IRS Increases Mileage Rate for Second Half of 2022

The IRS announced in early June 2022 that they raised the optional standard mileage rate for the final six months of 2022. As a result, when taxpayers file for this year, they can use the new rate to calculate the deductible costs associated with driving for work and other certain purposes.

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