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29
Jun
LTL Outlook Strong Despite Economic Fears
Less-than-truckload (LTL) carriers expect their rates to rise and remain elevated even if the US economy falls into a recession, according to speakers and executives at the SMC3 Connections Conference. Demand for LTL freight services remains strong, despite concerns about […]
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28
Jun
European Unions Prepare Workers for Summer of Strikes
Transport networks in Europe are facing a wave of summer strike action as an overstretched workforce demands wage increases to match runaway inflation and a spiraling cost of living. Data to be released by European Union statistical office Eurostat is […]
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12
Jun
Vessel Delays Costing Shippers Billions: Sea-Intelligence
Shippers forced to carry additional inventory to compensate for persistent container vessel delays have shouldered cumulative financial losses of up to $10 billion over the past two years, according to an estimate from Sea-Intelligence Maritime Analysis. The cost burden of […]
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10
Jun
Workers at 5 German Ports Walk Out in ‘Warning Strike’
Workers at the Port of Hamburg, Europe’s third-largest container port and the largest railway port, have followed through on their threat of a strike. In addition to Hamburg, the German ports of Emden, Bremen, Bremerhaven and Wilhelmshaven are also impacted […]
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06
Jun
LTL Carrier Saia Won’t Transport Firearms Anymore
LTL carriers never went out of their way to court firearms manufacturers despite the financially desirable characteristics of hauling dense and heavy freight. In the wake of the spree of mass shootings in the U.S. over the past month, one […]
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02
Jun
North European Box Ports at Capacity even before Peak Season Starts
With a wave of import containers expected from Shanghai’s reopening and peak season just around the corner, North Europe’s box port hubs, worryingly, remain severely congested. Huge stacks of empty containers and hundreds of frustrated export boxes have built up […]
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01
Jun
Severe Scarcity of US Trailers Frustrating Shippers
Trailers have never been more in demand, or harder to get. That is making it harder for trucking companies to meet increasing shipper demand for drop-and-hook trailer pools. In the long term, however, the 53-foot trailer may replace the truck […]
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31
May
Benchmark Diesel Price Down Again, East Coast Shows More Signs of Normalcy
The relatively small decline in the benchmark price of U.S. diesel masked a day in oil markets that was crazy even by recent standards. A drop of 3.2 cents was recorded in the weekly national diesel price of the Department […]
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23
May
Survey Points to Exodus of Small Operators – and Fuel Costs as the Culprit
Newly released data from a Truckstop.com survey shows that the post-lockdown surge of small carriers who entered the trucking industry in 2020-21 are finding recent “challenges”—the exploding cost of fuel chief among them—too much for them to stay in business […]
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05
May
Yellow Corp. Tells Teamsters it will Close 9 Terminals as Part of Restructuring
According to two change of operations requests, less-than-truckload carrier Yellow Corp. has begun the process of consolidating terminals in its Western network. The company seeks to consolidate 20 YRC Freight and Reddaway facilities and close nine. An accompanying letter to […]
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