NorthPoint Logistics’ Post

Attention shippers and carriers, have you heard the news? The US government has announced plans to sell nearly one million barrels of gasoline from its emergency reserves. This decision is part of an effort to ease the strain on supply caused by Hurricane Harvey and to prevent any potential shortages in the coming weeks. As a freight company, we understand the importance of a stable and reliable supply of fuel for the transportation industry. This sale of gasoline is a positive step towards ensuring that carriers have access to the resources they need to keep goods moving across the country. With the devastation caused by Hurricane Harvey, the government's proactive approach to addressing potential fuel shortages is commendable. The US Energy Department, which oversees the Strategic Petroleum Reserve, has stated that the gasoline will be made available to the market as early as Friday, September 8th. The reserve, which was created in the 1970s to provide a cushion against major supply disruptions, currently holds 679 million barrels of crude oil and 26.4 million barrels of gasoline. The sale of one million barrels of gasoline from the reserve is equivalent to only 2 percent of the total gasoline consumed in the United States daily. This move by the US government highlights the importance of having emergency reserves in place to address unexpected events that can greatly impact the supply and demand of fuel. As a freight company, we urge shippers and carriers to closely monitor the situation and make necessary adjustments to their operations to ensure minimal disruption. At Whitewater Freight, we continue to stay informed and updated on any developments in the supply and demand of fuel. Our priority is to provide reliable and efficient transportation services for our customers, and we will work closely with carriers to minimize any potential impacts of this sale on their operations. We commend the government's efforts to address the potential fuel shortages and we encourage all industry stakeholders to work together to ensure the smooth flow of goods during these challenging times. Let's keep the supply chain moving! #EmergencyReserves #HurricaneHarvey #SupplyChain #TransportationIndustry #WhitewaterFreight

🚛 Freight Market Update - Mid-2024 🚛 We're halfway through 2024 and the freight market has seen its share of ups and downs. The first half of the year was marked by historically low rates due to excess capacity and flat freight volumes. But as we head into the second half, there are signs of improvement! 📈 Current Trends: Rates: After a 6% spike in late May, rates have stabilized into June. Expect continued rate stickiness and potential increases through the 4th of July. 🔍 Market Segments: Van: Dry van volumes are at their highest in 21 months due to strong seasonal demand. Rates are increasing, with June showing rates at $2.05/mile. The spot market remains a key area for utilization freight. Reefer: Produce season is driving up volumes. Major markets in Florida and Texas are seeing increased activity, and Southern California’s refrigerated volume is at its highest this year. Flatbed: New housing starts are up, indicating a strong construction season. Flatbed volumes and rates are expected to rise, with long-term ratios showing upward pressure. 🌪️ Hurricane Season: NOAA predicts above-average activity. Be prepared with action plans! Playbook for Brokers & Carriers: Brokers: Focus on Dallas, Ontario, Atlanta, Houston, and Elizabeth, NJ. Keep an eye on rising spot rates and fuel costs. Carriers: Target hot markets and prepare for increased volatility, especially in California. Shippers: Enhance routing guides and onboard new providers to navigate potential disruptions. Stay proactive and adapt to the shifting market dynamics! #FreightMarket #Logistics #Trucking #SupplyChain #Van #Reefer #FlatbedTruck 📸 credit: Dat.com

U.S. import volumes are expected to reach their highest levels in the past two years amid port labor negotiations, geopolitical shifts and this year’s upcoming hurricane season. Newmark's industrial experts share perspectives on persistent supply chain volatility and strategies for bolstering resiliency. Download Newmark’s Industrial Insight: When It Rains, It Ports, and discover how firms are striving to meet domestic demand and mitigate disruptions effectively. https://nmrk.re/3RKg0qq #Newmark  #Industrial #IndustrialTrends #USIndustrial #USManufacturing #Manufacturing #SupplyChain #ThoughtLeadership

📉 Why Long-term Contracts Are Essential in Volatile Times 📝 As air cargo rates spike and trucking capacities tighten, securing long-term contracts has become crucial for stability. In recent months, we've seen disruptions from the Red Sea crisis and regulatory crackdowns, adding to the challenges businesses face. Hurricane Beryl highlighted the need for resilient logistics planning, with power outages affecting over 2.5 million homes, severe flooding, and infrastructure damage causing significant delays. These events underscore the importance of having a strategic approach to your logistics operations. In Q2 2024, we saw a 28% increase in contracts lasting more than six months as companies sought to avoid peak season rate fluctuations. At AFMS, we recommend balancing short and long-term contracts to mitigate risks and ensure continuous operations. By securing long-term agreements, businesses can stabilize costs and protect themselves against sudden rate hikes, especially during unpredictable times. 📊 Expert Analysis and Benchmarking 💡 Identifying Potential Savings 📈 Optimizing Logistics Strategy How are you adjusting your contract strategies to navigate these uncertainties? Reach out to discuss the best practices. #BusinessStrategy #Leadership #OperationalEfficiency #CostSavings #RiskManagement #BusinessContinuity #CorporateLeadership #IndustryInsights #SupplyChainSolutions #EconomicImpact"

Among other examples, heavy rains and flooding in California, Nevada and Utah in spring of 2023 caused a 20% to 30% decrease in shipments in areas where transportation systems were disrupted. Ssmoky conditions from 2023’s prolonged wildfires in Canada delayed deliveries in Chicago and New York by up to two days, while reduced visibility caused shipments in different areas to fall — by up to 75% in some places. Everstream’s analytics report stated, “Commodity shortages will come to a head this year due to the culmination of many factors, including high input prices, farm profitability concerns, increasing protectionism, and extreme weather events”. #logistics #weather #forecasting #trucking

As the summer heat intensifies, so do trucking capacity crunches thanks to several holidays and CVSA road checks all stacking up against each other. Not to mention, hurricane season has struck and is already breaking records. What hurdles might the freight market might throw at us in the third quarter of the year? This Zipline Logistics quarterly analysis details all the possibilities. Check it out and shoot me a message if you'd like to strategize a game plan so your brand sees no preventable shipping interruptions throughout the quarter! #freightmarket #logistics #trucking

As the summer heat intensifies, so do trucking capacity crunches thanks to several holidays and CVSA road checks all stacking up against each other. Not to mention, hurricane season has struck and is already breaking records. What hurdles might the freight market might throw at us in the third quarter of the year? This Zipline Logistics quarterly analysis details all the possibilities. Check it out and shoot me a message if you'd like to strategize a game plan so your brand sees no preventable shipping interruptions throughout the quarter! #freightmarket #logistics #trucking

Hurricane season typically spans June 1 to November 30, while peaking in late August and September. That aligns with the peak shipping season that runs from August to October, where retailers see a bump from holiday shoppers ahead of Thanksgiving and Christmas… As #shippers #carriers #3PL companies, you want to optimize in real time your transportation long term route visibility ie despite climate changes … Reach out to us ✅: Pascal Boulanger #freight #logistics #shippers #carriers #3pl #multimodal #transportation #visibility #oceantransportation #rttvp #digitaltransformation #agile #resilient #supplychain #globaltrade #wms #tms #erp #xprtsales

These tips can help you keep your goods moving in the face of disruptions caused by extreme weather - https://lnkd.in/gmHYCS6j - via Supply & Demand Chain Executive

Panama Canal drought has the potential to disrupt supply chains and significantly extend tt, if not already. Check out Yusuf ARIKAN's article if you are interested to see what should exporters and importers expect? #panama #drought #supplychain