The air market is stable, with ample capacity and minimal delays for this time of the year. Jet fuel prices are trending downward, prompting some airlines to adjust their fuel surcharges accordingly.

Meanwhile, water levels in the Panama Canal are notably low, leading to a rise in vessel traffic and more vessels being rerouted via the Suez Canal. In 2024, carriers transiting the EU will pass along mandatory EU Emission Trading System fees of approximately USD 30/TEU to importers and exporters of ocean freight. Global schedule reliability remains unchanged at 64.4% from September to October.

Resilience and Sustainability in a VUCA Global Environment

Supply chain challenges posed by Volatility, Uncertainty, Complexity, and Ambiguity are ongoing.

The freight forwarding industry continues to face issues affecting transit times, reliability, and costs.

Jeff McDonald, Executive Vice President of NNR USA, explains how NNR remains committed to delivering high-quality service and supporting customers in navigating the complexities of the global freight forwarding market.

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GSP Program and Miscellaneous Tariff Bill Stuck in Neutral 

Congress still needs to renew the 2020 expired Generalized System of Preferences (GSP) and Miscellaneous Tariff Bill (MTB) trade programs that provide importers reduced duty on certain goods.

Maria Miliante, Assistant V.P. for Customs Operations, NNR USA, provides history and insight.

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Five Tech Trends Transforming the Supply Chain Landscape

The logistics and supply chain sectors are being reshaped by technology every day.

Alvin Abuana, Solution Architect, NNR USA, discusses five tech trends pushing a historically slow-to-modernize industry into all it can be.



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