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21
Jul
The Upside of COVID-19 Pandemic-Induced Truck Driver Shortages
Truck Driver Shortage The shortage of truck drivers is not a new problem. For example, over the last four years an annual member survey carried out by the American Transportation Research Institute has ranked truck driver shortages as the industry’s top concern. […]
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19
Jul
‘This madness must stop’ – clients go bust as shipping lines pile on surcharges
Ocean carriers are becoming ever more creative with the names for huge surcharges they are loading on top of already colossal FAK rates. The latest to land on the desks of embattled transpacific shippers is Hapag-Lloyd’s ‘value-added surcharge’ of $5,000 per […]
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14
Jul
WHAT MAKES UP THE PRICE OF A GALLON OF DIESEL?
We, as transportation professionals, are directly impacted by diesel fuel prices. If you are a carrier, fuel costs make up your second largest expense category, as reported in 2019.* If you are a shipper, fuel surcharges account for an estimated […]
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07
Jul
CDL holders banned from driving due to drugs, alcohol top 60,000
The number of U.S. truck drivers sidelined due to substance abuse violations has surpassed 60,000 and continues to climb by roughly 2,000-3,000 per month, according to federal data. The latest monthly report by the Drug and Alcohol Clearinghouse, administered by the Federal […]
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07
Jul
Another FTL takes out an LTL in $1.35B deal
Big M&A deals are starting to roll in for the publicly traded truckload carriers. After months of management teams saying they would look to deploy their strengthening balance sheets on accretive acquisitions, the fruit is finally shaking loose from the […]
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01
Jul
Congress succeed in boosting trucking insurance to $2 million
The U.S. House of Representatives on Thursday passed a highway reauthorization bill that includes a provision to raise trucking insurance liability from $750,000 to $2 million, mandates automatic braking on new trucks and increases scrutiny of truck dispatch services. The Investing in […]
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28
Jun
Double-brokering scams cost transportation industry more than $100M per year
For more than two years, Joe Howard, who works for a Midwestern logistics company, has been tracking an alleged sophisticated network of load-board scammers posing as legitimate companies. He said the elaborate network has created hundreds of fake motor carrier numbers, […]
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23
Jun
Suez Canal, Ever Given Ship Owners Reach Compensation Deal
Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives. “Following extensive discussions with the Suez Canal Authority’s negotiating committee […]
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22
Jun
FedEx Freight reverses service suspensions after outcry from big retailers
FedEx Freight (NYSE: FDX) is walking back its recent abrupt suspension of service to a portion of its customer base after ruffling feathers of key stakeholders that made known their displeasure, according to communications from the company and logistics industry executives. […]
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12
Jun
Container rates rocket even higher and there’s no end in sight
Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is accelerating. Different indexes come up with different numbers, and the premium charges on top of spot rates are now so high that index […]
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