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26
Jan
Truckers’ Positive Drug Tests Up 18% in 2022
The latest data from the Drug and Alcohol Clearinghouse reveals that drug use among commercial drivers may be at its highest level since the federal repository was set up in 2019 — but more are being cleared to drive again […]
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25
Jan
US LTL Carriers Look Past Downturn by Expanding for Next Rebound
The US economy may be heading toward recession, but many companies hauling less-than-truckload (LTL) freight are preparing for an economic rebound that is at least months away. Those LTL carriers are building or expanding terminals and adding services, anticipating more […]
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25
Jan
Container Shipping Shake-up: Maersk, MSC terminating 2M in 2025
The global container shipping network is poised for a major shake-up. The 2M vessel-sharing alliance between MSC and Maersk — the world’s two largest ocean carriers — is being dissolved. The two carriers said Wednesday that they had mutually agreed […]
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23
Jan
Vietnam Sees Surge in Deep-Sea Vessel Capacity Amid Trade Sourcing Shift
Soaring trade volumes in Vietnam, partly due to manufacturers shifting from China due to Beijing’s tough COVID-19 lockdowns and quarantine restrictions last year, have led to a surge in mainline vessel capacity calling at Vietnam ports. Figures specially compiled by […]
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17
Jan
Investments In Ports Foretell The Future of Global Commerce
Driverless vehicles whizz across five new berths at Tuas Mega Port, which sits on a swathe of largely reclaimed land at the western tip of Singapore. Unmanned cranes loom overhead, circled by camera-fitted drones. The berths are the first of 21 […]
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15
Jan
‘Surge Finally Over,’ US Imports Back Near Pre-Pandemic Levels
The “new normal” is looking a lot like the old normal as U.S. imports continue to fall. Volumes began declining sharply in September and were already close to 2019 levels by the end of last year. They’re expected to pull […]
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14
Jan
Chicago O’Hare Avoids Labor Impasse, Cargo Disruption
A final ground handling agent at Chicago O’Hare International Airport has reached a required labor agreement and will continue cargo operations, sparing several cargo airlines from potential service interruptions. The Chicago Department of Aviation (CDA) on Tuesday notified freighter operators […]
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10
Jan
‘Pricing Discipline’ to Temper US LTL Rate Relief in 2023
The big picture: The past two years have been called a “golden age” for US less-than-truckload (LTL) operators, but shippers would describe the period — marked by double-digit percentage rate increases, service disruptions, and labor shortages — in less favorable terms, […]
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05
Jan
Fallout From Ocean Rate Collapse to Define Market ‘Status Quo’ in 2023
As shippers, forwarders, and container carriers look to the horizon, one question will dominate. What are the implications of the unexpected — and dramatic — collapse in spot freight rates in the second half of last year? This gets to […]
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02
Jan
The Largest Trucking Companies That Went Bankrupt in 2022 Freight Recession
It’s been a rough year for the trucking industry following the red-hot market conditions of late 2020 and 2021. Since the beginning of the year, spot rates have declined by 27.6%, according to the FreightWaves National Truckload Index. On the contract […]
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