FSC – What’s a Fuel Surcharge, why does it matter, and why is making freight so expensive?
A Fuel Surcharge—commonly referred to as an FSC—is defined by Flexport as a fee assessed by a carrier to account for regional or seasonal advantages in fuel costs. An FSC is most common in trucking industries, but ocean or air carriers may also assess fuel surcharges during critical times or seasons. Changing FSC rates are […]
Russian Sanctions Cause Market Uncertainty
Worldwide industries are facing unprecedented times as uncertainty rises around the longevity of Russian sanctions. Businesses are drawing up long, medium, and short-term plans for how they will operate under various scenarios. Of course, these scenarios are mostly speculation, with businesses knowing that they are likely to change. Sanctions on Russian oil, in particular, seem […]
Price of Oil Fluctuates with Geopolitical Trends
After oil prices skyrocketed to three-digits adding up to about $140 per barrel, U.S. oil dropped more than 8%, breaking below $100 per barrel. Senior energy trader at CIBC Private Wealth U.S., Rebecca Babin, noted the decline could be attributed to a mix of geopolitical and demand factors in the economy. While Russia continues with […]
Unprecedented Economic Trends for March
March 2022’s economic trends are unlike anything America has witnessed before. The number of unemployed individuals rose to 227,000, while employers are desperate to fill 4,273,000 available jobs. The U.S. trade deficit expanded to $89.7 billion as exports declined and imports increased by 2%. Oil prices surged as the U.S. and NATO-allied nations came together […]
Chemistry Could be the Solution to Better Infrastructure
The chemical industry is in an auspicious position to lend a hand in helping to achieve an ambitious agenda to build a better America. Chemistry is inevitable to scientific advancements necessary to accomplish a wide range of sustainability and climate goals linked to infrastructure and global supply chains. The chemical industry invests more than $10 […]
