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  • 02/13/2019

    Nationwide terminal congestion and deliver issues

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  • 02/12/2019

    March 1, 2019 General Rate Increase (GRI)

      Dear Valued Customer,    Effective March 1, 2019 General Rate Increase (GRI) has been filed for all cargo imported from Asia ports of loading, to U.S.A., Canada, and Mexico ports/ramps of discharge.   The proposed increases are as follows:   General Rate Increase - March 1, 2019 USD         900 / 20' USD      1,000 / 40' USD      1,125 / 40' HQ USD      1,125 / 40' Reefer USD      1,266 / 45' USD      1,600 / 53'   As it is not possible to predict the future market based on the current trade conditions, OEC Group will continue to monitor the situation as it develops.   Should you have any questions regarding this update, please contact your Sales or Customer Service representative.   Sincerely yours,    OEC Group    The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement. http://www.oecgroup.com   

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  • 01/30/2019

    Winter Weather Expected to Impact Supply Chains

    Dear Valued Customer,   With the U.S. Midwest and Northeast regions bracing for record low temperatures and icy conditions, we anticipate service limitations in multiple markets during the next few days. Due to hazardous wintry conditions in the Midwest, OEC Group Chicago will be closed tomorrow, January 30 and will resume normal business on Thursday, January 31.   How will this weather affect my cargo?   OEC Group expects trucking capacity to temporarily decrease up to 75% and possible rail delays to exacerbate due to the inclement weather, especially in the US Midwest region. This could result in additional demurrage charges at rail ramps (Per Diem) and possibly cause chassis shortages due to increased instances of pre-pull and storage*.    Furthermore, thousands of flights have already been cancelled at Chicago O'Hare International Airport and other airports in the affected region, which will create a backlog of freight in the coming days. Since freight will continue to enter impacted markets in the wake of this severe winter weather, it may take 1 to 2 weeks for congestion to fully subside.   *Pre-pull occurs when truckers pick up the container from the yard early and store it elsewhere because it is not ready for delivery. This practice is often used to avoid incurring demurrage.   Source: Weather.comOEC Group is monitoring the situation as it develops and working to mitigate the impact to our customers. Should you have any questions regarding this update, please contact your Sales or Customer Service representative.   Sincerely yours,    OEC Group      The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement. http://www.oecgroup.com

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  • 01/14/2019

    Nationwide Terminal Congestion and Delivery Delays

    Dear Valued Customer,   Reports of severe terminal congestion, extended driver wait times, and delivery delays at the majority of US gateway ports (including inland rail ramps) have surfaced during the past several weeks. In addition to the persisting issue of a trucking capacity shortage, there are several other factors converging to exacerbate the situation.   Holiday Port Closures The Christmas and New Year holidays are deemed "no-work" days for all longshoreman nationwide, and Christmas Eve and New Year's Eve are half work days. The loss in productivity due to these holiday schedules have compounded preexisting conditions at all major US gateway ports.     Record High Import Cargo Volumes Ports are struggling to accommodate a surge in imports resulting from shippers front-loading spring merchandise to avoid increased Section 301 tariff rates. This increase is straining operations and resources at the terminals. We are now observing that cargo arriving at major West Coast ports can experience delays of up to several weeks for movement from terminal to rail. An additional rise in imports is expected in the coming weeks as shippers try to move their cargo out of Asia before the Lunar New Year holiday which falls on February 5th this year.    Equipment Shortages As a result of full capacity at terminals and importer's facilities, an excessive number of containers are sitting idle at ports and warehouses. These containers are loaded on chassis which are being removed from rotation causing an "artificial" shortage of chassis.    OEC Group is working hard to mitigate the impact on our customers. However, current market conditions dictate that delays on final delivery are to be expected. Should you have any questions regarding this update, please contact your Sales or Customer Service representative.   Sincerely yours,    OEC Group      The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement. http://www.oecgroup.com

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  • 01/09/2019

    February 1, 2019 General Rate Increase (GRI)

      Dear Valued Customer,    Effective February 1, 2019 General Rate Increase (GRI) has been filed for all cargo imported from Asia ports of loading, to U.S.A., Canada, and Mexico ports/ramps of discharge.   The proposed increases are as follows:   General Rate Increase - February 1, 2019 USD         900 / 20' USD      1,000 / 40' USD      1,125 / 40' HQ USD      1,125 / 40' Reefer USD      1,266 / 45' USD      1,600 / 53'   As it is not possible to predict the future market based on the current trade conditions, OEC Group will continue to monitor the situation as it develops.   Should you have any questions regarding this update, please contact your Sales or Customer Service representative.   Sincerely yours,    OEC Group    The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement. http://www.oecgroup.com   

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