The global e-commerce market is expected to rebound
Market research firm Insider Intelligence recently predicted that global e-commerce sales will grow 8.9% this year and 9.4% next year. After three years of uncertainty, the global e-commerce market has regained stability and predictability. According to its forecasts, the following changes will occur in the retail market: First, e-commerce will accelerate over the next two […]
Shipping CEOs’ Pay Packets Explode! Highest Salary Hits $7 Million
During the pandemic, shipping companies did booming business and made huge profits. Everyone is guessing how much compensation these shipping CEOs are getting. The disclosure of CEO compensation from the previous year is usually submitted in late spring. In 2022, the average compensation of the top 11 deep-sea shipping chief executive officers who disclosed data […]
Impacts of Japan’s Radioactive Wastewater Discharge on the Shipping Industry
Impacts of Japan’s Radioactive Wastewater Discharge on the Shipping Industry On August 24th 2023 at 1pm local time, Japan officially began discharging radioactive wastewater from the Fukushima Daiichi nuclear power plant into the ocean. According to reports, Japan’s discharge of radioactive wastewater will continue for at least 30 years, and will affect the entire Pacific […]
How can I check if a freight forwarder in China is legit?
How can I check if a freight forwarder in China is legit? Verifying the legitimacy of a Chinese shipping company can be challenging. They would need to have a Ministry of Communications non-vessel carrier qualification/registration to be operating legally. One way to check would be to ask for their registration documentation and try to confirm it […]
What is LTL Freight and How Does it Work?
What is LTL Freight and How Does it Work? If you run a small business that frequently needs to ship smaller quantities of inventory or materials, you may have heard of “less-than-truckload” (LTL) shipping. But what exactly is LTL and how does it work? LTL freight refers to a shipping service for relatively small loads […]
What does “freight paid on actuals” mean?
What does “freight paid on actuals” mean? “Freight paid on actuals” refers to how the freight charges are calculated based on the actual quantity of cargo delivered, rather than the initial quantity loaded. For example, say a shipment contains 500 bushels of carrots. The freight rate may be a certain dollar amount per bushel transported. […]
Navigating the Maze of Customs: Key Regulations to Know When Shipping Overseas
◆India – Need valid import license, prepayment recommended ◆Russia – Get payment upfront, monitor cargo pickup ◆Kenya – Exporters must obtain Pre-Export Verification of Conformity ◆Egypt – Pre-shipment inspection required ◆Pakistan – No loose carbon powder in paper bags ◆Saudi Arabia – No transhipment via Aden ◆UAE – Expiration dates required on food imports ◆Tanzania […]
US Truck Drivers Joining the Nationwide Strike!
Recently, the federal court in Kansas rejected the request by Yellow Corp., a less-than-truckload carrier, to prevent their team drivers from participating in the scheduled strike. The judge dismissed the motion for a temporary restraining order and injunction, allowing the union to proceed with the strike, which might start as early as Monday (today). The […]
How can I reduce the international shipping cost of products while buying from amazon and other such sites?
How can I reduce the international shipping cost of products while buying from amazon and other such sites? 1. Group Purchases from the Same Seller: Whenever possible, try to buy multiple items from the same seller. Consolidating your purchases from one seller allows them to ship all your products together, reducing shipping costs. For instance, […]
Amazon Continues to Crack Down on Fake Reviews, Sellers May Suffer Consequences
Amazon Continues to Crack Down on Fake Reviews, Sellers May Suffer Consequences Recently, Amazon has been working to solve the problem of fake reviews on its platform. Whether they are fabricated, biased, or fail to accurately reflect customer experiences or opinions, fake reviews can cause problems for both consumers who rely on reviews to make purchasing decisions and sellers who […]
