News - page 27

The pandemic has revealed shortcomings in global supply chains and forced business to make logistics a bigger strategic priority. Successfully delivering Covid-19 vaccines will test manufacturers and shippers on what lessons have been learned. “If 50 million doses were available […]

Just how high can Asia-U.S. West Coast spot rates go? They blew past $3,000 per forty-foot equivalent unit (FEU) in early August and have been climbing ever since. They’ve just topped $3,700. Can they reach $4,000? No one predicted that the container […]

Logistics Managers’ Index climbs higher in July Supply chain data shows transportation capacity has declined to a 22-month low with utilization and prices reaching 19-month highs. Those were a couple of the highlights from a report summarizing July data from […]

The International Chamber of Commerce have published new Incoterms® 2020 that have come into effect from the 1st of January 2020.  The ICC originally published Incoterms® in 1936 and have continually made updates to reflect the changes to the Global Trade environment.  […]

Load volumes: Absolute levels and momentum positive for carriers We are back within “broken record” territory, as we were at the beginning of the year. This time around, the repeating song is music to carriers’ ears. Meaning, each week I […]

United Parcel Service Inc. plans to impose hefty fees on large shippers during the holiday season, reflecting the added complexity and cost of an expected crush of online orders amid the coronavirus pandemic. The fees will test the ability of […]

Rival LTL carrier executives and YRC customers were stunned by what is the largest freight financial transportation assistance from the American government for a non-airline company. Trucking’s competitive dynamics changed mightily on July 1 with the U.S. government’s infusion of […]

YRC Worldwide (NASDAQ: YRCW) unveiled plans of a new $700 million lending agreement with the U.S. Department of the Treasury, which in turn will receive a stake of nearly 30% in the company. The July 1 press release outlines the […]

The U.S. Postal Service (USPS) is fighting to keep its head above water amid staggering financial losses related to the coronavirus pandemic and the Trump administration’s refusal to grant the relief the agency says it needs to avoid going broke […]

By WSJ/Jennifer Smith One of the largest trucking companies in the U.S. is facing new financial strains that could jeopardize health insurance coverage for thousands of its workers in the midst of a pandemic. YRC Worldwide Inc., which slashed expenses […]