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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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03
Aug
Yellow’s Shutdown: PNG Worldwide Steps Up to Help Shippers Navigate Rising LTL Rates
The recent and unexpected shutdown of Yellow, a leading less-than-truckload (LTL) provider with a worth of $5.2 billion, has created significant disruptions in the shipping industry. Many small to medium-sized manufacturers and distributors are now desperately seeking alternate LTL capacity […]
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31
Jul
Trucking Giant Yellow Shuts Down Operations
The abrupt closure of Yellow, one of the U.S.’s oldest and largest trucking businesses, marks a significant event in the American trucking industry. The collapse comes after numerous failed mergers, mounting debt, and an ongoing dispute with the Teamsters union. […]
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19
Jul
UPS is massive. Here’s a visual breakdown of how a strike could impact delivery globally.
UPS and Teamsters, the union representing nearly 340,000 UPS workers are trying to reach a new five-year labor contract before the current contract expires at midnight July 31. Earlier this month, the two sides departed the bargaining table without coming […]
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17
Jul
Strike risk rises as Yellow punts on more than $50M in required contributions
A delinquency notice was issued Monday showing less-than-truckload carrier Yellow Corp. failed to make required contributions to health and welfare and pension funds for the month of June and that it is planning to withhold payments for July. The two […]
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