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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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28
Oct
9 Types of Trucks in Logistics: Definitions and Importance
The trucking industry plays a pivotal role in the world of logistics, serving as a cornerstone for businesses reliant on efficient deliveries and secure transportation of goods globally. In the United States, trucks surpass ships, trains, and aircraft in cargo […]
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25
Oct
National Diesel Average Sees Largest Weekly Gain since August
The national average price per gallon of diesel gasoline saw its second gain over the last five weeks, for the week of October 23, according to data issued today by the Department of Energy’s Energy Information Administration (EIA). The national […]
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15
Oct
Air Cargo Rates: Industry Opinions Split on Future
The air cargo market is experiencing significant fluctuations, fueled by a range of factors from new product launches to economic uncertainty. Recent data from the Baltic Air Index (BAI) shows a six-month high in spot rates from China to Europe […]
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14
Oct
Texas Truck Inspections Ignite U.S. – Mexico Border Crisis
The operational landscape at the U.S.-Mexico border has been thrust into disarray due to an expansion of Texas’ truck inspection program. Initiated by the Texas Department of Public Safety (DPS), these inspections were initially aimed at identifying mechanical violations. However, […]
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12
Oct
Riding the Waves: Ocean Freight’s Uncertain Future
The ocean freight industry is currently experiencing a tumultuous period that is sending ripples through global trade and affecting economic landscapes from Asia to North America. After enjoying a pandemic-induced surge in business, shipping companies are now bracing for a […]
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09
Oct
Adapting to Change: How Parcel Carriers Navigate a Shifting Landscape Amid Declining Demand
Major parcel delivery services like United Parcel Service (UPS), FedEx, and the U.S. Postal Service are bucking their usual trend of raising prices during peak seasons. In a surprising move, these carriers are offering various discounts and other cost-saving measures […]
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