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08
Sep
When Drought Halts a Lifeline: Understanding the Panama Canal’s 2023 Crisis
The Panama Canal, an 80-kilometer waterway crucial for global shipping, is in crisis due to persisting drought conditions that have led to plummeting water levels. The ongoing drought and the resulting measures taken by the Panama Canal Authority have severely […]
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01
Sep
U.S. Rail and Intermodal Volumes Decline Amid Economic Headwinds
The United States has witnessed a challenging landscape for rail carloads and intermodal volumes, according to recent data released by the Association of American Railroads (AAR) for the week ending August 19, 2023. These declines are not isolated events but […]
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31
Aug
From Waterloo to Wall Street: The Evolving Role of IT in Business Success and Failure
According to legend, the Duke of Wellington ascribed his historic victory in 1815 by saying, “The battle of Waterloo was won on the playing fields of Eton.” A century later, George Orwell opined, “Probably the battle of Waterloo was won on the […]
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30
Aug
FedEx Announces Strategic Rate Adjustments to Challenge UPS Amid Labor Cost Concerns
Rate Changes Take Effect January 1, 2024 Memphis, TN – FedEx Corp. (NYSE: FDX) made an early announcement on Tuesday detailing a 5.9% increase in tariff rates for most of its U.S. services. This marks a reduction from last year’s […]
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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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