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04
Dec
Biden Administration Announces Massive Logistics Plan
The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships. In announcing the plan Monday, White House officials said the strategy of using both domestic tools and international partnerships […]
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01
Dec
Feds Told to Start Rating ‘Unrated’ Trucking Companies for Safety
WASHINGTON — Major trucking companies and brokers who book their freight are pressuring the Federal Motor Carrier Safety Administration to attach a safety rating to carriers operating without such a rating — a situation that exists for over 90% of […]
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29
Nov
Reviving Yellow: A Bid to Resurrect the Fallen Trucking Giant
The bankruptcy of Yellow, a significant player in the trucking industry, has sparked a complex situation involving various stakeholders, including competing trucking companies, government entities, and thousands of former employees. The company, previously a dominant force in the less-than-truckload sector, […]
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16
Nov
Global Container Shipping Industry Faces Turbulent Times Ahead
Darkening Outlook and Challenges Ahead The global container shipping industry is bracing for a challenging period, with Drewry’s latest container forecaster predicting a substantial industry-wide loss of $15 billion in the coming year. Simon Heaney, Drewry’s senior manager of container […]
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15
Nov
Enhancing Port Security and Efficiency: The Introduction of the CBP SPACE Act to Bolster Federal Funding for U.S. Inspection Services
The CBP SPACE Act, recently introduced in the U.S. House of Representatives, aims to increase federal funding for inspection services at U.S. ports. This move comes in response to the Customs and Border Protection’s (CBP) pressure on ports to cover […]
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14
Nov
Shipping Industry Faces Potential $10 Billion Annual Loss by 2050 Due to Climate Change Challenges
The Mississippi River, a crucial artery for U.S. commerce, has been experiencing severe drought conditions leading to significantly lowered water levels. This has caused ships to run aground, prompting the U.S. Army Corps of Engineers to intervene with a dredge […]
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03
Nov
Maersk Cutting 10,000 Jobs Amid Ocean Shipping Turbulence
Maersk’s recent announcement of intensifying job cuts is a response to the deteriorating market conditions in ocean shipping. CEO Vincent Clerc’s statement reflects a strategic move to accelerate cost containment and cash preservation measures amid an uncertain trading environment. The […]
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01
Nov
USDOT Grants $82.6 Million for Road Safety in 46 States
The U.S. Department of Transportation announced it awarded $82.6 million in road safety planning grants to 46 states, including projects involving truck freight in Colorado, Florida, Indiana, New Jersey and Vermont. “Whether it’s a dangerous intersection or highway or a […]
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31
Oct
Convoy’s Tech Focus may have Obscured Importance of Human Elememt
In early 2020, a well-known transportation executive was asked by an investor in digital freight broker Convoy Inc. to determine if its model could be sustained in good and not-so-good markets. The executive, who requested anonymity to speak candidly, evaluated […]
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30
Oct
Yellow’s Fall Boosts Rivals in LTL Trucking Market
The recent collapse of Yellow, one of the largest U.S. trucking companies, has unexpectedly benefited its competitors in the less-than-truckload (LTL) sector. This segment, crucial for combining freight from multiple customers into a single trailer, has seen companies like XPO, […]
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