User ID



Walmart ters ships to help battle tricky peak season
American Shipper
Post Date

Walmart has become the latest big American retail brand to take shipping matters into its own hands, tering a number of ships.

The giant supermarket chain follows in the footsteps of Home Depot in deciding to move some of its goods on the transpacific via tonnage it controls rather than pay sky high rates to global liners for shipments that t to arrive late.

In an earnings call on Tuesday, Walmarts CEO, John Furner, revealed: “Weve tered vessels … weve secured capacity for the third and fourth quarter and feel good about the inventory positioning particularly compared to last year with inventory up 20% across the segments.”

According to Steve Ferreira, the CEO of New York-based consultancy Ocean Audit, Walmart has already completed two voyages, both arriving in the US this month, using Walmart branded 53 ft containers. The first voyage had 177 53 ft boxes onboard, and the second one contained 247 similarly sized containers.

Shippers deciding to take control of their own supply chains is not restricted to tering ships. Splash reported earlier this week of the decision of a major Canadian tyre manufacturer to invest in an inland container terminal.

Ports in North America are struggling to keep up with this years peak season.

Giving an on operations on Tuesday, Gene Seroka, the utive director of the Port of Los Angeles, Americas largest boxport, said the challenge facing the entire supply chain amounts to “squeezing 10 lanes of freeway traffic into five lanes”.

The port boss advised consumers to get their Christmas shopping plans in place far earlier this year or risk having some very disappointed family members come December 25.

The extraordinary pressure felt at many of Americas ports on intermodal routes is making headlines daily in US mainstream media. Earlier in the summer the White House announced the creation of a Supply Chain Disruptions Task Force. Led by the secretaries of commerce, transportation and agriculture, the task force aims to bring together stakeholders “to diagnose problems and surface solutions – large and small, public or private – that could help alleviate bottlenecks and supply constraints.”

Post Date
MSC shifts two trans-Atlantic vessels to new trans-Pa.. American Shipper 09/22/2021
Ports of Los Angeles and Long Beach expand hours to s.. American Shipper 09/22/2021
Remote work didnt wipe out big cities — it made them .. American Shipper 09/22/2021
People assume trust-fund babies are spoiled 20-someth.. American Shipper 09/15/2021
ILA says won’t work automated vessels at US ports.. American Shipper 09/15/2021
US chassis supply to be stressed into 2022.. American Shipper 09/15/2021
Unprecedented import volumes to continue well into 20.. American Shipper 09/15/2021
Google.. American Shipper 09/10/2021
Delivery of new container vessels exts into 2025.. American Shipper 09/10/2021
Carriers becoming cautious of gung-ho long-term box s.. American Shipper 09/10/2021
Page : 1   2   3   4   5        [Next 5 Page]  Last Page : 56 ( 1 of 56  Total Pages )




Brilliant Group Logistics INC.
159 N. Central Ave. Valley stream, NY 11580
Tel : (516) 599-2406 Fax : (516) 599-0528