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18
Sep
Low Rates, Poor Service To Mark Trans-Pacific Trade Amid Capacity Boom
Retailers and other importers will enjoy low freight rates into 2024 due to “an absolute explosion” of capacity entering the trans-Pacific trade in the coming months, but the price they pay will be a degradation in both service and schedule […]
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17
Sep
Borderlands: Mexico Remains Top US Trade Partner in July, Laredo No. 1 Gateway
The partnership between Mexico and the United States continues to solidify with Mexico being the top U.S. trade partner in July at $65.3 billion, a 0.24% year-over-year (y/y) increase. It was the seventh time in the past eight months Mexico […]
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16
Sep
American Manufacturing is Coming Back. So are Strikes
President Joe Biden’s $9.2 billion electric vehicle manufacturing loan to Ford seems like a perfect meld of American interests. Announced in June, the loan to the Michigan automaker and a South Korean battery manufacturer will spur the building of three […]
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10
Sep
Navigating UPS’s 2023 Rate Changes: A Detailed Look at New Fees and Surcharges
The 5.9% General Rate Increase (GRI) Starting December 26, 2023, UPS will enact a 5.9% GRI. This will impact UPS’s Ground, Air, and International services. The GRI is not a flat rate increase across all services; rather, it is an […]
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08
Sep
When Drought Halts a Lifeline: Understanding the Panama Canal’s 2023 Crisis
The Panama Canal, an 80-kilometer waterway crucial for global shipping, is in crisis due to persisting drought conditions that have led to plummeting water levels. The ongoing drought and the resulting measures taken by the Panama Canal Authority have severely […]
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01
Sep
U.S. Rail and Intermodal Volumes Decline Amid Economic Headwinds
The United States has witnessed a challenging landscape for rail carloads and intermodal volumes, according to recent data released by the Association of American Railroads (AAR) for the week ending August 19, 2023. These declines are not isolated events but […]
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31
Aug
From Waterloo to Wall Street: The Evolving Role of IT in Business Success and Failure
According to legend, the Duke of Wellington ascribed his historic victory in 1815 by saying, “The battle of Waterloo was won on the playing fields of Eton.” A century later, George Orwell opined, “Probably the battle of Waterloo was won on the […]
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30
Aug
FedEx Announces Strategic Rate Adjustments to Challenge UPS Amid Labor Cost Concerns
Rate Changes Take Effect January 1, 2024 Memphis, TN – FedEx Corp. (NYSE: FDX) made an early announcement on Tuesday detailing a 5.9% increase in tariff rates for most of its U.S. services. This marks a reduction from last year’s […]
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29
Aug
Climate Crisis Strains Global Trade as Panama Canal Drought Leads to Severe Delays
A severe drought in Panama has thrown a wrench into the gears of global commerce, as reduced water levels at the Panama Canal have led to extended delays and restrictions on the passage of commercial vessels. The bottleneck is already […]
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28
Aug
Republic Steel Ordered to Pay $4.6M in Breach of Contract Case; Announces Layoffs After Verdict
August 28, 2023 – In a significant legal decision, Republic Steel, based in Ohio, has been ordered to pay nearly $4.6 million to Pennsylvania trucking companies Beemac Inc. and its affiliate, Deemac Services. The federal jury found that Republic Steel […]
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