Latest news with #ITSLogistics
Fibre2Fashion
18 hours ago
- Business
- Fibre2Fashion
US drayage market seems to be rebalancing for rest of 2025: Report
The US drayage market appears to be undergoing a rebalancing event for the rest of this year, and that is bound to present new opportunities and challenges for shippers moving into the latter half of 2025, according to the July ITS Supply Chain Report released by North American third party logistics (3PL) provider ITS Logistics. Drayage refers to the transportation of goods over short distances, typically by truck, often as part of a longer shipping process. The US drayage market seems to be rebalancing for the rest of 2025, and that can create a positive shift in the shipping industry, ITS Logistics said. The US drayage market saw a 1.8-per cent MoM rise in June imports, a notable contrast to typical mid-summer trends. A mixed performance highlights ongoing shifts in port routing and regional demand as tariff volatility continues to shape the market. The US drayage market saw a 1.8-per cent month-on-month (MoM) rise in June imports, a notable contrast to typical mid-summer trends. The top gateways for Chinese imports, particularly the Port of Los Angeles, also saw major volume increases, while East Coast and secondary ports experienced significant declines in activity. The mixed performance highlights ongoing shifts in port routing and regional demand as tariff volatility continues to shape the national drayage market, a release from the company said. 'Ultimately, the full economic effects of recent tariffs are beginning to manifest, with potential disruptions in trade flows and increased costs for businesses and consumers,' said Josh Allen, chief commercial officer at ITS Logistics, said in a company release. 'This comes just as the industry prepares to combat hurricane season and the trucking market continues to see marginal shifts in both spot and contract rates during peak season,' he added. Although much of the industry is experiencing supply chain disruptions of significant magnitude, whether due to administrative decisions from the White House with tariffs or the intensifying hurricane season, the warehousing market shows a glimpse of hope for change. The producer price index for warehousing and storage declined 1.4 per cent from May's 155.4 to 153.1 in June 2025, marking a continued downtrend from March and signaling reduced pricing leverage for warehousing providers. Fibre2Fashion News Desk (DS)
CNBC
21-07-2025
- Business
- CNBC
From California to Gulf Coast, Trump's trade war take biggest toll on nation's smaller, secondary ports
Across the U.S., from California to the Gulf Coast, secondary and smaller ports are processing less trade as shippers readjust supply chain deliveries in a race against August tariff deadlines. Recent data on container volumes shows that while the nation's busiest port, Los Angeles, has seen a sizable bump in traffic, that has come at the expense of trade activity for smaller ports, where there has been a reduction in scheduled services for imports, according to ITS Logistics' monthly US Port/Rail Ramp Freight Index. "The ports of Oakland, Jacksonville, New Orleans, and Panama City [Florida] are getting sandwiched out of port calls as more shippers decide to unload their freight in the larger ports in an effort to get the product in before the tariffs," said Paul Brashier, vice president of global supply chain at ITS Logistics. The Port of Oakland recently reported a 10.1% decrease month-over-month in June — year-over-year container traffic was down 13%. Port of Oakland maritime director Bryan Brandes said the softening demand is a result of the ongoing tariff uncertainty. "This is not a seasonal dip, but a market recalibration," said Brandes. "Importers and exporters are adjusting their supply chain timing and routing decisions in response to evolving conditions," he added. Oakland is unique among U.S. ports, maintaining a near 50/50 balance of imports and exports, with a big role in the nation's agricultural trade. The Port of Oakland is the No. 1 refrigerated export gateway in the U.S., and nearly all containerized cargo moving through Northern California goes through the Port of Oakland. Container volumes are key economic and job drivers for a port's local community and economic stability, and port officials have voiced concerns in recent months about the trade war risks. The Port of Oakland, along with its partners, supports more than 98,000 regional jobs and $174 billion in annual economic activity. Jobs and trade have also been a focal point for the larger ports, even amid a short-term increase in container volumes during the pause on the steepest Chinese tariff levels, which saw the Port of Los Angeles handle record monthly traffic in June. Back in its May container update, Port of LA executive director Gene Seroka said the drop in containers being moved impacted jobs. "We saw that for every two longshore members that walked into the hiring hall, one went home without work," he said. During the more recent front-loading of Chinese goods ahead of the mid-August deadline for a trade deal before much higher tariffs kick in, port officials have stressed that they would not describe it as a "surge." Seroka recently told CNBC that "shifting timelines simply mean shifting volume and more uncertainty here at the Port of LA. Looking into August, if everything holds the way we see it right now, I expect volume to ease because of those new tariffs being in place, making it more costly for American importers." "It's easy to say right now, peak season is earlier than normal. Just a question of how long this will last," Brashier said. He added that the recent trend among ocean carriers to concentrate on the largest ports like Los Angeles while skipping secondary ports like the Port of Oakland should continue. "There is too much uncertainty in the marketplace right now for companies to truly book ahead," he said. "Companies are reassigning their logistics to be as efficient as possible in moving their decreased number of containers. It is all about margins, so when you are negotiating with logistics companies, shippers may have more negotiating power with more containers arriving at one port instead of two or three." Comparing June and July container arrivals, the majority of the secondary ports across the U.S. are down substantially, according to trade tracker Vizion, though Oakland has seen a slight turnaround. Josh Stein, governor of North Carolina, recently told CNBC that there has been a recent reduction in traffic at the state's biggest port in Wilmington, a result of trade policy that "changes practically on a daily basis." "We need to have stability, businesses need certainty, so they can figure out how and where to invest," Stein said. More than 20% of North Carolina's GDP in 2024 came from international trade in goods, according to data from Trade Partnership Worldwide. The outlook for Chinese exports to the U.S., according to recent SONAR data on ocean freight bookings, suggests a decline in orders headed to the U.S. in the coming weeks. Even as the stock market and economy prove resilient in the face of tariff uncertainty, U.S. companies continue to downsize orders or eliminate products that are not as popular. "Carriers are aligning service schedules, resulting in fewer sailings, fuller ships, and volume patterns that mirror the broader hesitancy in global trade," said Brashier. There are economic reasons for shippers to maintain service across a wide portfolio of ports. Brashier said the decision to cut down on ports called on can negatively lead to higher costs. Export containers can be in different locations, which can impact availability, and truck transportation costs can be anywhere between two and four times what is typical. "Normally, a company's distribution center is near the port where they traditionally bring their freight in," Brashier said. "If their containers are now being offloaded at another port, that means that container pickup, which was originally a local pickup, could morph into a 400 to 500-mile trucking job. The more miles a trucker travels to pick up a container and return, the more expensive that freight move will be."
Yahoo
11-07-2025
- Business
- Yahoo
Latest News In AI Chips - AI Transforms Logistics With Innovative Supply Chain Solutions
ITS Logistics has unveiled ITS Engage, an AI-driven supply chain ecosystem designed to enhance the collaboration and efficiency of shippers, carriers, and supply chain partners. Developed over three years, this technology platform aims to transform logistics operations with real-time data access and advanced analytics, utilizing machine learning to streamline the management of drayage and container lifecycles. By offering enhanced visibility and customizable features, ITS Engage is set to expand with additional tools in logistics management, aiming to address complexities in supply chain operations. This initiative reflects a growing trend in harnessing AI to bolster the logistics industry's adaptability and responsiveness. In other market news, was trading firmly up 6.3% and closing at $98.62. Meanwhile, trailed, down 3% to close at ¥2,480. Teradyne's timely acquisition of Quantifi Photonics boosts its semiconductor market strength. Click to read a detailed narrative on Teradyne's strategic advancements. Don't miss our Market Insights article titled "AI Enters the 'Show Me the Money' Phase," offering crucial insights into AI Chip monetization and investment opportunities—get in fast! finished trading at $144.16 up 4.2%. ended the day at $164.10 up 0.7%, not far from its 52-week high. finished trading at $159.09 down 0.2%. Click this link to deep-dive into the 55 companies within our AI Chip Stocks screener including GlobalFoundries, Giga Device Semiconductor and TongweiLtd. Curious About Other Options? The latest GPUs need a type of rare earth metal called Terbium and there are only 24 companies in the world exploring or producing it. Find the list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "ITS Logistics Announces ITS Engage: A Centralized Ecosystem for Shippers, Carriers, and Supply Chain Partners" from ITS Logistics on GlobeNewswire (published 10 July 2025) Companies discussed in this article include NasdaqGS:TER NasdaqGS:AMD NasdaqGS:NVDA NasdaqGS:QCOM and TSE:285A. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Latest News In AI Chips - AI Transforms Logistics With Innovative Supply Chain Solutions
ITS Logistics has unveiled ITS Engage, an AI-driven supply chain ecosystem designed to enhance the collaboration and efficiency of shippers, carriers, and supply chain partners. Developed over three years, this technology platform aims to transform logistics operations with real-time data access and advanced analytics, utilizing machine learning to streamline the management of drayage and container lifecycles. By offering enhanced visibility and customizable features, ITS Engage is set to expand with additional tools in logistics management, aiming to address complexities in supply chain operations. This initiative reflects a growing trend in harnessing AI to bolster the logistics industry's adaptability and responsiveness. In other market news, was trading firmly up 6.3% and closing at $98.62. Meanwhile, trailed, down 3% to close at ¥2,480. Teradyne's timely acquisition of Quantifi Photonics boosts its semiconductor market strength. Click to read a detailed narrative on Teradyne's strategic advancements. Don't miss our Market Insights article titled "AI Enters the 'Show Me the Money' Phase," offering crucial insights into AI Chip monetization and investment opportunities—get in fast! finished trading at $144.16 up 4.2%. ended the day at $164.10 up 0.7%, not far from its 52-week high. finished trading at $159.09 down 0.2%. Click this link to deep-dive into the 55 companies within our AI Chip Stocks screener including GlobalFoundries, Giga Device Semiconductor and TongweiLtd. Curious About Other Options? The latest GPUs need a type of rare earth metal called Terbium and there are only 24 companies in the world exploring or producing it. Find the list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "ITS Logistics Announces ITS Engage: A Centralized Ecosystem for Shippers, Carriers, and Supply Chain Partners" from ITS Logistics on GlobeNewswire (published 10 July 2025) Companies discussed in this article include NasdaqGS:TER NasdaqGS:AMD NasdaqGS:NVDA NasdaqGS:QCOM and TSE:285A. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
CNBC
27-06-2025
- Business
- CNBC
Deep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down
On the surface of the U.S. economy, prices are higher. The latest inflation data out on Friday from the government showed a bigger uptick than forecast. On Thursday, Nike said it took a $1 billion hit due to tariffs and the fact that price increases have yet to hit. Inside the U.S. economy, within distribution networks that manage inventory, there are fewer items overall due to the trade war, but more goods on which sticker prices are going up. "We are now seeing multiple customers increasing pricing," said Ryan Martin, president of distribution and fulfillment for ITS Logistics. While price tags are placed on items at the manufacturer, Martin said over the past month his company has started re-ticketing "millions of units of products for many customers," items ranging from apparel to consumer products in the warehouse being prepped for eventual delivery or immediate transport to stores. Depending on the product, price increases range from 8%-15%, he said. "This is creating additional inflation," Martin said. It is happening in e-commerce as well, he said, though the price change is reflected online, not on the product. A new survey from the Footwear Distributors and Retailers of America for Q2 shows 55% of respondents expect their average retail price to rise between 6%-10% in 2025 as a result of tariffs. Martin says the last time he saw this amount of re-ticketing was during the pandemic, and it was much higher then. "Everything was getting more expensive at that time, transportation, labor, and quantities of product," he said. "We saw increases across all products, including food and beverage," he said. "Re-ticketing was between 30%-40%." With current concerns about trade uncertainty and consumer softness, retailers and manufacturing clients are managing inventory by shrinking SKU counts and importing fewer SKUs they are keeping. The Bureau of Economic Analysis reported that GDP shrank by 0.5% in the first quarter of 2025. "The overall inventory footprint is smaller," said Martin. "You are looking at three months of inventory on hand now versus six." Supply chain data from the warehouse sector and the growing number of empty shipping containers at ports are pointing to a more mild peak season (the summer buildup of inventory for the back-to-school and holiday shopping periods). Warehouse inventory levels are down 6% month over month, according to the Logistics Management Index. Comparing readings from the first half of June to later in the month, growth in inventories started to slow down, which suggests that an increase in early June was temporary, according to Zachary Rogers, associate professor of supply chain management at Colorado State University. "Because of how long it takes inventories to move through systems, we haven't seen any big shifts in transportation yet," said Rogers. "Warehouse capacity did move from mild contraction to mild expansion." The data for the full month of June is not in yet, but Rogers said it is highly unlikely the results would change in any meaningful way. "We're far enough along that we basically know where they'll end up," he said. Rogers explained the mild expansion seen earlier in the month was consistent with the containers that were processed at the ports. U.S. importers have been hesitant to pull forward full ocean freight orders because of the tariffs. The 50% tariff on Chinese goods is still too high for many retailers, even after a recent pause in higher tariffs President Trump has threatened on Chinese goods. The West Coast ports are now seeing a small bump in containers starting to arrive for the holidays. But based on the Port of Los Angeles Optimizer, which tracks the ocean trade destined for the Ports of Los Angeles and Long Beach, July imports will be lower than July 2024. "This is notable because July moving into August is when we would expect to see the numbers going up," Rogers said. On the East Coast, the situation is different. The Port of New York and New Jersey, the largest port on the East Coast, released its May monthly container data on Thursday, showing the port processed 774,698 twenty-foot equivalent units (TEUs). "The tariffs are certainly not going to impact us anywhere near as much as they are going to be on the West Coast because we don't depend on China as much as our West Coast counterparts," Bethann Rooney, director of the Port of New York and New Jersey, told CNBC. "We've already seen an increase in volumes from Europe, Southeast Asia, India, and Vietnam. I don't anticipate a significant surge in July, but we are going to see strong volumes." But Rooney added the shift is relatively small as far as re-routing of supply chains sourcing in Europe and Southeast Asia. "We are seeing maybe a 1% change year over year," she said. "Cumulatively, it makes an impact. But we're certainly not seeing a tremendous change in routing, although it is clear that many beneficial cargo owners [U.S. companies] are changing their sourcing or diversifying their sourcing." Another leading indicator of future freight orders is the movement of empties. Empty container trade is necessary to keep the flow of exports moving. CNBC analysis of empty containers shows there is no rush of empties leaving the Ports of Los Angeles and Long Beach to go back to be refilled. During the pandemic, empties were a priority to return to Asia so they could be refilled and exported back to the United States. "The fact that so many empty containers are still sitting at the ports also suggests that importers are not expecting our normal August-September peak season," Rogers said. Trucking and warehousing will see some activity at the wholesale/distribution level throughout Q3, thanks to the wave of goods coming into the ports, with those goods eventually moving to retailers in September and October. But Rogers added, "At this point, though, it seems highly unlikely that we will see a normal peak season." "Even at present inventory levels, we already have a ton of inventory on hand, and with the tariffs that are still in place, I would expect that imports, particularly those related to manufacturing, will be lower than what we would have expected at the beginning of the year," he said. Another warning sign is a dramatic fall in the ocean freight rate average on the Transpacific route from the Far East to the U.S. West Coast since an earlier spike in June. Average spot rates have plummeted from the Far East to the U.S. West Coast by 39% since June 1, according to Peter Sand, chief shipping analyst at Xeneta. "The Transpacific into U.S. West Coast is the key battleground for carriers when it comes to China exports, so spot rates have fallen harder and faster as they prioritized bringing capacity back onto this trade in the immediate aftermath of the lowering of 145% tariffs," he said. Sand said it is only a matter of time before shippers do the same on the U.S. East Coast, and spot rates begin to fall sharply there as well. This pullback in orders is being closely watched by economists. Oxford Economics wrote in a recent note that on the import side, consumer goods continued to trend lower with a $4.3 billion decline after the $33 billion decline in April. "This was partially offset by a gain in autos, while other categories were mostly unchanged. We expect imports will trend lower over the course of the year as effective tariff rates remain elevated and the economy slows," it stated. "Indecision is the best decision right now with shippers because of all the tariff talk," Martin said. "No one knows what will happen tomorrow or understands the cost structure. It's better to have lean inventories in this case," he added.
