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29
Aug
Climate Crisis Strains Global Trade as Panama Canal Drought Leads to Severe Delays
A severe drought in Panama has thrown a wrench into the gears of global commerce, as reduced water levels at the Panama Canal have led to extended delays and restrictions on the passage of commercial vessels. The bottleneck is already […]
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28
Aug
Republic Steel Ordered to Pay $4.6M in Breach of Contract Case; Announces Layoffs After Verdict
August 28, 2023 – In a significant legal decision, Republic Steel, based in Ohio, has been ordered to pay nearly $4.6 million to Pennsylvania trucking companies Beemac Inc. and its affiliate, Deemac Services. The federal jury found that Republic Steel […]
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22
Aug
The Real Estate Gold Rush: The Yellow Trucking Saga
If you’ve been following the logistics sector or if you’re just a fan of corporate dramas, you’ll find the bankruptcy story of the trucking company Yellow simply riveting. Old Dominion vs. The World Picture this: Two heavyweight trucking companies, Old […]
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17
Aug
The Growing Concern of Double Brokering in the Logistics Industry
Logistics and supply chain operations often run smoothly, akin to a well-oiled engine. However, like any engine, there are weak points prone to malfunction. In the vast landscape of trucking and transportation, one such concerning practice is double brokering. Understanding […]
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16
Aug
FMC Probes Claims That MSC Overcharged Customers For D&D
MSC may face charges relating to alleged violations of the US Shipping Act following an Federal Maritime Commission (FMC) probe into claims it billed more than $2m of extra demurrage and detention (D&D) charges. The investigation follows an FMC audit […]
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15
Aug
China’s Economic Downturn is Impacting Major American Companies
China’s economic slowdown and its ensuing impact on global businesses is a multi-faceted issue that requires a deeper dive to comprehend its full scope and implications. 1. China as a Global Economic Powerhouse: China isn’t just another market; it’s the […]
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14
Aug
China and US Give the Green Light to Double Flights in Rare Show of Cooperation Between Rivals
Washington agrees to approve 24 round-trip flights by Chinese carriers per week from late October and says Beijing will reciprocate However, this is still just a fraction of the number allowed by each side before Covid-19 controls were imposed in […]
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08
Aug
Maersk Implements Cost-Cutting Measures Amid Prolonged Container Downturn
In response to a contracting container shipping market, A.P. Moller-Maersk, a Danish shipping giant, is focusing on cost-cutting measures. Despite a lowered projection for freight demand, the company upgraded its earnings outlook due to effective cost-cutting efforts that exceeded expectations. […]
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03
Aug
Yellow’s Shutdown: PNG Worldwide Steps Up to Help Shippers Navigate Rising LTL Rates
The recent and unexpected shutdown of Yellow, a leading less-than-truckload (LTL) provider with a worth of $5.2 billion, has created significant disruptions in the shipping industry. Many small to medium-sized manufacturers and distributors are now desperately seeking alternate LTL capacity […]
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02
Aug
TForce Freight Ratify Contract with Teamsters
The International Brotherhood of Teamsters announced on Monday July 31st, that employees at TForce Freight ratified a five-year contract, with an approval rate of 81% from rank-and-file members. This development adds a bit of stability for less-than-truckload (LTL) shippers following […]
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