News

August 30, 2023

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…

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August 29, 2023

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…

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August 28, 2023

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…

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August 22, 2023

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…

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August 17, 2023

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…

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August 16, 2023

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…

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August 15, 2023

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…

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August 14, 2023

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…

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August 8, 2023

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…

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August 3, 2023

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…

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