Shifts in the Trucking Industry

Due to mother nature, there have been major delays in shipping freight. But this has also created a vicious cycle. Either the shipment cannot be sent on time due to the weather, or the shipment that was shipped on time was damaged during the transit. Shipping carriers find themselves overwhelmed with the high volume of freight that needs to be sent due to high demand, and the high volume of claims that are being processed.

Carriers’ that only have a shipping insurance policy that only coverage few cents per pound and NOT full replacement value, finds themselves facing a nightmare. The claims process seems to never reach a resolution; they still have more goods to ship, yet the risk of damaging the goods again during transit is high.

That’s why Ramon Insurance has been in business for over 31 years. We provide the best claims process, with 24-7 updates, easy to communicate, and resolutions are given in just 7 days. The rates provided for the best in the industry and the coverage is the best available which is All Risk and Full Replacement Value. We not only make the process quick and easy for you, but we give you the best for your time and money. The best customer service, the best rates, the best coverages, and the best claims processes. Few cents per hundred will give you the peace of mind from pick up to delivery.

Contact us today for free consultation  by an expert who has been insuring billions of dollars of freight every year.

Written by Iris Arden (Ramon Inc.)

Rail Delays to the Port of New York and New Jersey

The ports of New Jersey and New York are America’s busiest and largest ports of the Eastern coast. They are the nation’s third-largest port and offer access to one of the most concentrated consumer markets in the world. Twenty-foot equivalent or TEU, which is the cargo capacity unit to describe shipping containers, in 2015 was 4.9 million composing 12.1% of the North American market share.

BN-MI861_2cCDr_M_20160129140819The weather conditions delayed the cargo transit from Chicago and the Midwest to the ports causing major disruptions. CSX who services into the ports had discontinued services and destinations along with eliminating 6,700 employees and consultants. Express Rail Terminal became overwhelmed with the number of containers. And what use to take thirty minutes to access a container now takes an hour and a half.

Attempts to find a better solution to correct the problem do not show any signs of a quick recovery.

Written by Iris Arden (Ramon Inc.)

Sources:

https://www.icontainers.com/us/2017/05/16/top-10-us-ports/

https://www.morethanshipping.com/ports-new-york-new-jersey-cope-rail-delays/?lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3Bv86CvceMQDKk8xFdOnCf3w%3D%3D

THE LONGEST RAILWAY FREIGHT ROUTE IN THE WORLD

The first direct freight train service from China to the UK arrived in London on January 18 of 2017. The journey took 7,456-miles and 18 days to complete. The new train is considered the modern-day Silk Road. This new route has made London the 15th European city to have a railway route connection with China.Rail

Nine countries are connected during this route: China, Kazakhstan, Russia, Belarus, Poland, Germany, Belgium, France, and United Kingdom.  The journey is longer than Russia’s famous Trans-Siberian railway, but shorter than the China-Madrid link. With cheaper services in comparison to air transportation and quicker delivery than ocean transportation, the new train railway successfully brings a new opportunity for growth.

China has become one of the world’s biggest exporters amounting to over $2.28 trillion in 2015. With President’s Xi vision to a brighter future for China and the world, he’s work is just beginning. There are already plans for another 20 European rail freight routes which will increase their export potential even more.

Written by Iris Arden (Ramon Inc.)

Sources:

http://www.thehindu.com/news/international/first-direct-london-china-train-completes-12000-km-run-in-20-days/article18299736.ecehttp://money.cnn.com/2017/01/18/news/economy/china-uk-freight-train-yiwu-london/index.htmlhttp://www.independent.co.uk/news/uk/home-news/first-direct-train-china-to-uk-arrives-east-london-yiwu-city-barking-channel-tunnel-a7533726.htmlhttp://www.bbc.com/news/business-38654176

Food Runs the World

Food provides almost one in three of the world’s population with a livelihood.  From restaurants, supermarkets, entertainment, food runs the world.

0ed6f43f6f27e75e3a92e0443cf18312--grilled-avocado-avocado-mozzarellaAgriculture, food, and related industries contributed $992 billion to the U.S. gross domestic product in 2015. In 2016, 21.4 million full and part-time jobs were related to agricultural and food sectors composing 11% of the total U.S. employment. While employment in agriculture and food-related industries supported another 18.7 million jobs. Food service locations accounted for the largest share with 12.2 million jobs with food/beverage stores supporting 3.2 million jobs. And the remaining agricultural-related industries together added another 3.3 million jobs. In 2017, the Bureau of Labor Statistics, which refers to restaurants as food services and drinking places, informed that sit-down restaurants compose 50% of the jobs; while, fast food restaurants composes 37%.

In 2016, America exported $24 billion in soybeans, $17 billion in meat and poultry, and $11 billion in corn.  And in imports, it was $130 billion with food variations from fish and shellfish to tea. With the high volumes of exports and imports, the demand for refrigerated containers and trucks has increased. According to the Maritime Research, Consulting and Financial Advisory Services (Drewry), the demand for refrigerated transportation will increase by 17% within 3 years.

And as the demand of food increases, so does the risk of food scarcity. With climate change affecting crops and studies predicting by the year 2050 deaths due to starvation, new strategies to maintain the world’s current population with enough good supply has become a challenge.

Although America has not faced agricultural hardships, other countries have. For example, Japan has included buckwheat alongside rice as part of their food culture; which means eating soba noodles has now become a part of being Japanese. France, India and Italy have included lentils and beans alongside wheat.

Food is at the center of almost every culture, a big part of the world’s economy, and a necessity to live.

Written by Iris Arden (Ramon Inc.)

Sources: https://www.ers.usda.gov/data-products/ag-and-food-statistics-charting-the-essentials/ag-and-food-sectors-and-the-economy/

http://www.bbc.com/news/av/business-39998549/value-of-global-trade-in-food-growing-strongly

https://www.theatlantic.com/business/archive/2017/08/restaurant-jobs-boom/536244/

https://www.thebalance.com/u-s-imports-and-exports-components-and-statistics-3306270

https://www.washingtonpost.com/news/energy-environment/wp/2016/03/02/food-scarcity-caused-by-climate-change-could-cause-500000-deaths-by-2050-study-suggests/?utm_term=.d730fde0e3ae

https://ideas.ted.com/what-americans-can-learn-from-other-food-cultures/

Where are the Truckers?

Truckers are a key part of freight transportation. 70% of all cargo is transported throughout the US highways. According to CBS News, the freight world needs to hire about 90,000 truckers a year to keep up with demand. And if truckers drive America’s economy, this is an alarming concern.

“A Shortage of Trucks is Forcing Companies to Cut Shipments or Pay Up” by Jennifer Smith from the The Wall Street Journal, really emphasized the growth in cargo freight in 2018. Not only did December of 2017 hit record levels in freight volumes, but 2018 has started out with a bang. The amount of freight needed to be transported is way more than the number of truckers available to transport it.

For example, in the spot market, about 10 loads were waiting to be moved in comparison to the previous year that had only 3 loads that were waiting to be transported. Truckers with the weather conditions have raised their price; depending on the company’s location and pick up wait time, the available truckers will turn down the job. The weather conditions have imposed great difficulty with the trucker’s transit, and companies in Canada are willing to pay double for truckers that are willing to make the trip.

smithfamily

Keep in mind that this is the slow season, so imagine when the freight market picks up in April. To keep with demand, companies are increasing truckers’ salaries and benefits. The lifestyle of a trucker isn’t an easy one, but companies are investing hard to attract more and more drivers. With a median salary of $41,000, many people are turning to trucking to live a better lifestyle, but hiring agencies still need to work hard to convince thousands more to join in. But even with all these actions, statistics still show that demand will outreach the drivers.

Written by Iris Arden (Ramon Inc.)