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Dollar Tree News

27 Feb 2023

US Retailers' Ocean Shipping Price Woes Ending as New Delays Threaten

Collapsing ocean shipping rates are not all good news for U.S. retailers, who paid as much as $20,000 to move a container of goods during the worst pandemic disruptions, as they now are bracing for delays due to plummeting demand.Carriers like MSC and Maersk are trying to prop up prices by cancelling voyages and that could spark a new round of cargo delays as containers get bumped from one ship to the next, experts said ahead of a major U.S. ocean shipping conference in Long Beach…

10 Dec 2021

Shipping Costs: Another Danger for Inflation-watchers to Navigate

© Idanupong / Adobe Stock

Much like the coronavirus pandemic, and the economic disruption that it has caused, a global shipping crisis looks set to go on delaying goods traffic and fueling inflation well into 2023.Shipping rarely figures in economists' inflation and GDP calculations, and companies tend to fret more about raw materials and labor costs than transportation. But that might be changing.The cost of shipping a 40-foot container (FEU) unit has eased some 15% from record highs above $11,000 touched in September, according to the Freightos FBX index.

07 Oct 2021

'Containergeddon': Supply Crisis Drives Walmart and Rivals to Hire Their Own Ships

The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world.Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers and Baby Alive Lulu Achoo dolls.The dry bulk cargo ship has been drafted into the service of retail giant Walmart, which is chartering its own vessels in an effort to beat the global supply chain disruptions that threaten to torpedo the retail industry's make-or-break holiday season."Chartering vessels is just one example of investments we've made to move products as quickly as possible," said Joe Metzger, U.S. executive vice president of supply-chain operations at Walmart…

29 Mar 2019

Customs Demands Bigger Bonds as Tariffs Bite

File Image: AdobeStock / © Nightman 1965

Stephen Wang is counting the costs of President Donald Trump's trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.The cost of the guarantee - a U.S. customs bond - has shot up, an additional hit to importers already facing steep customs bills adding up to tens of billions of dollars for tariffs imposed by the Trump administration on incoming Chinese goods…

15 Jul 2015

SC Ports Post 14% Container Volume Rise

Photo: SCPA

Container volumes increased 14 percent during SC Ports Authority's (SCPA) 2015 fiscal year, building upon several previous years of above-market growth with strength across all business segments, SCPA announced. "2015 was a memorable year for SC Ports Authority," said SCPA president and CEO Jim Newsome. "We reached near-record levels of containerized cargo and saw strong volume and good diversification of the breakbulk sector. SCPA handled 1.9 million twenty-foot equivalent units (TEUs) during the fiscal year that ended June 30, a jump of 231,473 TEUs from the 2014 fiscal year.

15 Sep 2004

GPA, Shanghai Port Group Sign Agreement

The Georgia Ports Authority (GPA) and the Shanghai International Port Group (SIPG) signed an historic agreement recently that will allow both port systems to jointly promote all-water shipping routes between Asia and the Port of Savannah. "China's economy continues to fuel world trade among all nations and in doing so is growing a new domestic market of its own for the world economies to service via exports to China," said Doug J. Marchand, GPA's Executive Director. The agreement provides for both parties to promote a strong working relationship and exchange information and expertise in the areas of marketing, communications, management, training and safety.