b'MAY 10 - 23, 2021NORTH AMERICAS TRANSPORTATION & LOGIS TICS NEWSPAPER 27US companies bump up prices(SUPPORTcontinued fromtheir respective expertise in the page 26) transportation of pharmaceutical shipmentsfortheCanadianproducts on behalf of the Cana-on supply squeeze and demand boom population,andtheneedtodiangovernment.Wewinas adhere to the highest standardsone, he said.U.S. companies face soaringcall. We are seeing that. We dolastmonth.TheFedspreferredofcompliancetosafeguardToensurethesevialcaps bills for all kinds of materials thatanticipate seeing a larger impactgauge remained at 1.6% in Febru- productintegrity,saidBen- are maintained in the best con-theyneedtodobusinessandas we move into Q2 and Q3. ary, below the 2% target, and itsjaminBonte,actingManagerditions, the WFS team in Lyon surging demand is helping themIn the ISMs March survey ofexpected to accelerate to 2.3% inPharmaatthe WFSCentreinconductsecurityscreening pass on those higher costs to theirpurchasing managers, some 72%March. Fed Chair Jerome PowellParis.Ourfleetoftempera- usingdual-viewx-raytech-customers. In early-season earn- of manufacturers reported payingsayshesreadytokeepinterestture-controlledpharmatrucksnology,allowingshipmentsto ings calls, executives from bur- higher prices for materials. rates close to zero for an extendedand IATA CEIV and GDP-certi- bemonitoredfromseparate rito chain Chipotle Mexican GrillThe entire furniture indus- period, and allow inflation to over- fied Pharma Centre mean WFSangles in just one scan. The vial Inc. to appliance giant Whirlpooltry is dealing with a slew of priceshoot, until the economy returns tois fully equipped to support thecaps are then stored in special Corp. and diaper maker Procterpressuresfromrawmaterialsfull employment. temperature-controlledservice15-25Ctemperaturerooms &GambleCo.haveoutlinedandincreasedlogisticalcosts,Inflation in the service indus- requirementsofclientssuchdedicatedtopharmaproducts price hikes, largely in response toHookerFurnitureCorp.Chieftries, where many businesses areas AirCanada,safelymovingbeforebeingtransportedto rising materials costs.Their com- Executive Officer Jeremy HoffonlynowstartingtoreopenasshipmentsfromtheFrenchParis. Shipments are continuing ments back up the data that showsaid on an April 14 earnings call.pandemicrestrictionsarelifted,provinces to Paris CDG Airporton a weekly basis.inflationarypressuresbuildingRaising prices when other com- hasbeenmorerestrainedthantobetransportedinternation- Insupportofitsairline in the economy as the pandemicpanies are in similar situationsfor goods.Still, pressures may beally, he added. clientspharmashipments,in recovery gains speed. A sustainedis definitely a lot easier than itbuilding there too. In the ISM pollIt is absolutely vital for anDecember 2020 WFS launched rise in prices is poised to test thewould be otherwise, he said. ofserviceprovidersinMarch,airline to establish a strong part- anewtemperature-controlled FederalReservesexpectationBecauseofsuchpass- 52%saidtheywerepayingnership with its handler. Trust,trucking service from the French that any post-Covid spike will bethroughs, consumer inflation forhigher prices, the most in almostprofessionalismandappropri- regions to Paris. The specialist limited and temporary. goods is picking up steam. Priceseight years.The spread of vacci- ate facilities are the key wordstrucks are positioned in Lyon as Shortages, bottlenecks and arose at a 7.4% annualized rate innation is set to boost demand -ofthisrelationship,saidLocwell as Bordeaux, Mulhouse and year-long bull market in commod- the three months through March,and potentially prices - in areasMarie, Cargo Operations Man- Strasbourg,andarecapableof ities have been pushing inflationclose to the fastest since 2011. suchastravel,hospitalityandager France, Spain and Portugaltransporting 23 Euro pallets in rateshigheracrossmuchoftheThe headline consumer-priceevents. Its already happening in- Air Canada. Air Canada and2-8C and 15-25C temperature world. In the U.S., which pumpedinflationratejumpedto2.6%the tourism industry.WFS in France have combinedenvironments.more pandemic stimulus into its economy than most countries and has managed a faster vaccine roll-out, those supply issues may beCONECT PRESENTS THE 2021 VIRTUALamplified by a boom in demand.IndexesofpricesreceivedSPRING CARGO CONFERENCEby manufacturers from the New York,KansasCityandDallas FeddistrictsallclimbedtoTRYING TIMES IN TRANSPORTATION AND TRADErecord highs in April. Business executivesintheDallasFed survey said their selling prices,Two Days of Expert Industry EducationMay 12 & 13, 2021costs of inputs and even wages will all rise more than twice as fast as they did last year, at ratesCONECTs exciting program features industry experts speaking on the state of the container between 4.3% and 5.5%.The list of commodities thatshipping industry, challenges and solutions in intermodal transportation, e-commerce, U.S. aregettingmoreexpensiveis lengthyfrom plastics, steel andCBPs trade agenda, import regulations, and much more.wood to adhesives and resinsandmanyareinshortsupply, accordingtotheInstitutefor Supply Management. The latestTRANSPORTATION DAY ISMreportshowedtheshare ofmanufacturerssayingtheirWEDNESDAY, MAY 12, 1:00-3:30 PMcostofinputsroselastmonth was close to a post-2008 high. Keynote Speaker: Lars Jensen, CEO, Vespucci Maritime CorporatechiefssaytheyreState of the Industry Overview & Economic Updateabletoraisetheirownprices in response, without scaring off customers.AcombinationofTRADE DAY pandemic stimulus and enforced savings under lockdown has leftTHURSDAY, MAY 13, 1:00-3:30 PMU.S. households flush with cash, at least in the aggregate. Keynote Speaker: Walter Kemmsies, Managing Partner, The Kemmsies Group J usts os oliDNew Trade Patterns Post-COVID: On the Cusp of Explosive GrowthAppliance maker Whirlpool is phasing in price increases of between 5% and 12%, which willALSO FEATURING:almost all be in place by the end of the second quarter, according William F. Aldridge, President, AllportTodd Owen, President, Cross BordertoChiefFinancialOfficerJimCargo Services Advisory Network LLCPeters.Materialcostsarestill Peter Friedmann, CONECT Washington Nicole Uchrin, Managing Director,increasing, and will likely keep doing so until the third quarter,Counsel, FBB Federal Relations Gemini Shippers AssociationPeters said in an interview. The Susie Hoeger, Senior Director, Global Trade Brandon Unterbrink, VP International company has been able to pass onCompliance & Policy, Abbott Labs Intermodal Marketing, BNSF Railwaythose costs, he said. Right now, demand is just so solid in new Ryan Houfek, Chief Marketing Officer,John Westwood, Senior Manager, home construction, in remodels,Direct ChassisLink Inc. Transportation Practice, Chainalyticsinreplacements,allareasare really strong.Christa Hurley, Director Customs & PLUS:Strained supply chains haveLogistics NAFTA, H.C. Starck Tungstenbeen one major driver of rising Weston LaBar, CEO, Harbor Trucking Virtual networking opportunitiesinput costs.CONECT Partner and Sponsor virtualThesix-dayblockageofAssociation (Long Beach, Calif.)theSuezCanalbyastranded John Leonard, Acting Executive Assistantexhibit and display opportunitiescontainershipinMarchwasCommissioner, Office of Trade, U.S. CBP2.5 CCS/CES/MES/MCS points each dayjustavisiblemanifestationof the kind of bottlenecks that are Emily Martin, Director, Portfolio Company emerging around the world, saidProcurement Program, Clayton Dubilier REGISTER NOW!Daniel Florness, chief executiveand RiceofindustrialsupplierFastenal at CONECT.orgCo.Constraint and rising activ-ity create one thing, and that isPARTNERSHIPS, SPONSORSHIPS AND BOOKLET ADS ARE AVAILABLE!inflationary pressures, FlornessCall Coalition of New England Companies for Trade at 508-481-0424 or go to CONECT.org for details.saidonanApril13earnings'