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TGA Industry News Briefs


Industry News When You Need It


There’s only ONE WAY to get the scoop on the travel goods industry and that is to get it straight from the source. Be sure to stay abreast of the latest news from TGA via Travel Goods Magazine, this weekly Industry News Brief, and our FacebookLinkedIn and Instagram channels.

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New Wave of Contracts Will Lock in Much Higher Shipping Rates


“We’ve never seen this before. We’re going into a tender season that doesn’t look like anything else historically,” said Patrik Berglund, CEO of Xeneta, a company that tracks both long- and short-term ocean shipping rates. Berglund was referring to the exceptionally lopsided advantage shipping lines wield in 2022 negotiations for long-term contracts with cargo shippers — the contracts that determine what American importers will pay over the coming year, and increasingly, multiple years. READ MORE

FMC Considering PierPass Overcharge Investigation


The nation’s top international ocean shipping regulator wants to investigate whether West Coast terminal operators are taking advantage of supply chain disruptions by gouging shippers on rates charged for off-peak terminal gates. Last week, Federal Maritime Commission Chairman Daniel Maffei said he will ask for a meeting of the full commission “as soon as practicable” to consider whether the agency should launch the probe of PierPass, a nonprofit company set up in 2005 by Los Angeles and Long Beach container terminal operators to ease port congestion. READ MORE

PierPass Shelves Permanent TMF Plan as Long Beach Calls for 24/7 Supply Chains


In an effort to alleviate logistical bottlenecks, the Californian port of Long Beach has called for stakeholders all along the supply chain to extend working hours. However, an attempt to make PierPass charges, supposed to spread truck traffic through the day, permanent has been shelved following intervention from the U.S. Federal Maritime Commission (FMC). READ MORE

The Travel Goods Show

Retail Sales Jumped in January, Another Sign of the Economy’s Resilience


Prices were rising fast, products were in short supply and the Omicron variant put a chill on the country at the start of the year. Through it all, American consumers kept spending. Retail sales rose 3.8% in January, the Commerce Department reported on Wednesday, a faster than expected rebound from a sharp decline during the end of the holiday season. READ MORE

Leaders Don’t Have to Choose Between Compassion and Performance


In our recent worldwide survey of 300 senior business leaders across industries ranging from hospitality to automotive to biotech, 61% reported that they’re struggling to balance employees’ need for support with their company’s drive for high performance. While most of us believe that real leadership entails both compassion and accountability, these results suggest that exhibiting this kind of leadership feels harder than ever. READ MORE

Engaged in 2022: The When, the Why, and the What of Social Media Marketing in 2022


As we are on the cusp of a new year, the latest social media statistics from last year have shown that the current market potentials are increasing. According to Statista, there are 3.78 billion social media users worldwide in 2021 and this number will increase to almost 4.41 billion in 2025. With estimates of continuous growth, this encouraging new data will help enhance your marketing strategy and the interactions of your business with the social media community. READ MORE

The Travel Goods HUB

Fintech Retail Trends and Shifting Consumer Expectations


Fintech trends in retail are changing how consumers think about their relationships with retailers as they look for ways to save money and time while demanding more personalization and convenience. This article examines how financial services related to retail are evolving by adopting more innovative technology to adapt to the times and meet the demands of modern consumers. READ MORE

Travel Will Bounce Back This Year — Here’s How You Can Avoid the Escalating Costs


If you’re planning to travel more in 2022, book early and expect higher costs. Travel will be in high demand this year, as the U.S.’s GDP contribution for global tourism revenue is expected to exceed pre-pandemic levels — 6% more than it was in 2019 — according to the World Travel & Tourism Council’s most recent projections. READ MORE

Alaska Airlines Unveils Subscription-based Flight Passes for West Coast Travel


Alaska Airlines is adding a new — and unique — way to book and pay for your travel. The Seattle-based carrier is unveiling a new “Flight Pass” subscription that will be available beginning Wednesday, February 16. Here are the details. READ MORE

Travel Goods Magazine

Carry-on vs. Checked Bags: Which Is the Better Choice?


It’s often a flyer’s greatest dilemma: Do you opt for carry-on or checked bags? Some frequent travelers are staunch advocates of only traveling with a carry-on bag. Others don’t want the hassle and prefer to check a bag. Some flyers make the call on a flight-by-flight basis; a short business trip could require only a carry-on while a two-week Europe cruise might necessitate a checked bag. If you don’t fall firmly in the Team Carry-on or Team Checked Luggage camps, consider the following reasons why you might choose a carry-on versus a checked bag on your next flight. READ MORE

Buy Now, Pay Later Moves In-Store to Meet Growing Consumer Demand


What began online four or five years ago, depending who you ask, and is known today as the buy now, pay later (BNPL) phenomenon is now managing the rare feat of being in the moment while reflecting on the past — and planning for a potentially bright future. A certain part of that future won’t be online — where BNPL found an ideal growth medium over the past two-plus years, in particular — but rather inside stores, where consumers are showing a marked preference for BNPL and become frustrated when they don’t find it. READ MORE


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