News - page 6

Egypt has seized the container ship that last month blocked the Suez Canal, the vessel’s owner said Tuesday, amid a dispute over how much compensation the country is owed following the weeklong shutdown of the waterway. The move turns up pressure on Ever […]

When supply chains break down, one of the first options for time-critical shipments is airfreight. But businesses hunting for air transport to avoid the giant ocean bottleneck in the Suez Canal are in for a rude awakening: There are no […]

To celebrate St. Patrick’s Day, we wanted to know which cloverleaf highways truckers hate the most (see what we did there?).Based on a survey of Covenant Transport and Landair drivers, these are four of the interchanges they called out the […]

LESS-THAN-TRUCKLOAD (LTL)  Despite disruptions from the pandemic and resulting changes in demand levels from their customers, leading LTL companies are extracting rate increases in the mid-to-high single digits, according to carriers and analysts. “This is a positive freight environment,” said […]

Labor unrest at West Coast ports in 2015 was a landmark event for U.S. importers. Massive congestion amid contentious contract negotiations with the dockworkers union convinced some importers to shift business to East and Gulf Coast ports and diversify supply […]

It’s annual-contract negotiation season for U.S. importers — and the hand they’ve been dealt couldn’t be worse. The deck is heavily stacked in ocean carriers’ favor. Incredibly, Asia-West Coast spot rates are now nearing a base rate of $5,000 per […]

The COVID-19 pandemic forced more than 3,000 trucking companies out of business in 2020 — a significant leap from about 1,000 the year prior — as the early months of the global health crisis proved too difficult for some in […]

Carol Tomé is shifting the delivery giant’s focus to the bottom line, weeding out less-profitable customers in a high-speed overhaul; ‘Time for us to pivot’ Carol Tomé took over United Parcel Service Inc. in the middle of a pandemic that […]

Updated Friday February 19, 2021 at 09:05AM A second winter storm this week slammed parts of the South Wednesday and Thursday, with at least 10 cities reporting multiple daily records for snowfall and low temperatures. Fortunately, this storm exited the […]

CEO vows quick action to negotiate with customers or ultimately cut them loose after acquisition closes. TFI International (NYSE: TFII) plans to aggressively improve margins at UPS Freight after its $800 million acquisition closes by reining in unprofitable business. The plan: renegotiate […]