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10
Apr
Mighty Fall: Container Line Profits Plummet From Historic Peak
China’s Cosco Group — the world’s fourth-largest container line operator with an 11% market share — finally closed its books on 2022 just as the first quarter of 2023 came to an end. The Chinese company’s results highlight the steep decline that […]
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09
Apr
Sweeping Changes To Classification System Took Effect April 8th
Making the National Motor Freight Classification® (NMFC®) system as easy as possible for the industry to use is a high priority here at the National Motor Freight Traffic Association (NMFTA). That is why NMFTA’s Freight Classification Development Council (FCDC) took […]
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04
Apr
Warehouses Find Insulation From U.S. Banking Crisis
Industrial real-estate executives expect only limited fallout from the turmoil that has engulfed the U.S. banking sector, even as warehouse developers grapple with the rising interest rates and weakening demand that are dampening construction following a period of historic growth. “The availability […]
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03
Apr
Dispute Over Restructuring Between Yellow, Teamsters Gets More Strident
The conflict between the Teamsters union and Yellow, the largest unionized US trucking operator, is getting hotter, with Teamsters general president Sean O’Brien referring to the carrier’s planned merger of its regional and national operations in the eastern US as […]
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02
Apr
Hair Drug Testing Guidelines Sent to White House
WASHINGTON — A revamp of a controversial proposed rule setting standards for using hair to test truckers for drugs has been received by the White House Office of Management and Budget for review. The rewrite was received Friday, according to […]
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28
Mar
10 Trends Expected To Define Supply Chains and Shipping In 2023
1. Markets returning to normalcy Freeing up of capacity and tempering of freight rates has brought markets almost back to pre-Covid levels. The most obvious and visible trend gaining ground since the third quarter of 2022 was the decline in […]
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22
Mar
Florida-based Flagship Transport Abruptly Ceases Operations
Some 455 truck drivers who hauled freight under the banner of Flagship Transport LLC, a logistics holding company headquartered in Medley, Florida, say they have had no contact with company executives since last week, when they received text messages promising […]
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21
Mar
Labor Tensions Rise in Stalled West Coast Port Contract
Tensions in long-running contract talks at West Coast ports are worsening, with employers accusing unionized dockworkers of slowing cargo handling at the ports of Los Angeles and Long Beach, the nation’s busiest gateway for imported consumer goods. The sharp rhetoric […]
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16
Mar
US Truckload Rates Drop Sharply in February , but Not LTL Pricing
A 9.7 percent drop in the long-distance US truckload producer price index (PPI) in the first two months of 2023 shows shippers are winning rate concessions from motor carriers that are rolling back some, although not all, of the surface […]
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15
Mar
Globalization Not Going Into Reverse, Annual Index Finds
Despite much hand-wringing to the contrary over the past three years, the end of globalization is nowhere near nigh. The 10th annual DHL Global Connectedness Index, released Wednesday by Deutsche Post DHL Group (OTCUS: DPSGY) and New York University’s Stern School of Business, […]
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