Shippers urged to tether rate management with freight invoice processes to cut errors Most shippers use spreadsheets to manage rates from forwarders and container lines, which contributes to an inefficient process for freight payments and audits. Shippers urged to tether rate management with freight invoice processes to cut errors International Freight
Read More →Shippers urged to tether rate management with freight invoice processes to cut errors
on January 26, 2024in Industry News
Former Slync CEO Kirchner convicted by federal jury over misuse of company funds
on January 26, 2024in Industry News
Former Slync CEO Kirchner convicted by federal jury over misuse of company funds A guilty verdict against Slync founder Chris Kirchner brings closure on a saga that came to light when Slync employees went unpaid for weeks in spring 2022. Former Slync CEO Kirchner convicted by federal jury over misuse of company funds International Freight
Read More →Nippon Express takes minority stake in India-based digital forwarder
on January 23, 2024in Industry News
Nippon Express takes minority stake in India-based digital forwarder The digital forwarding model saw a stress test in 2023 amid faltering freight volumes and rates, but investments in early 2024 might signify staying power for the concept. Nippon Express takes minority stake in India-based digital forwarder International Freight
Read More →Red Sea diversions could last for ‘months’ until attack risk ends: Drewry
on January 19, 2024in Industry News
Red Sea diversions could last for ‘months’ until attack risk ends: Drewry But the analyst noted the expected effect on equipment shortages, port congestion and ship schedules will be far less than that experienced during the pandemic as the supply chain reorganizes itself around the longer transit times. Red Sea diversions could last for ‘months’ […]
Read More →Container ship disruptions seen easing after Lunar New Year: analysts
on January 8, 2024in Industry News
Container ship disruptions seen easing after Lunar New Year: analysts The mini-peak season ahead of China’s factory holiday is causing short-term challenges for container shipping, but analysts say conditions should ease after Lunar New Year. Container ship disruptions seen easing after Lunar New Year: analysts Journal of Commerce
Read More →Border crossing reliability a hot topic in Mexico intermodal contract talks
on January 8, 2024in Industry News
Border crossing reliability a hot topic in Mexico intermodal contract talks While companies that use the crossing at Eagle Pass are seeking to reassure existing and potential customers, competitors using Laredo, where no closures have occurred, are wasting no opportunity to talk up that route’s relative reliability. Border crossing reliability a hot topic in Mexico […]
Read More →Market aligning to trigger import surge on US West Coast: analyst
on January 8, 2024in Industry News
Market aligning to trigger import surge on US West Coast: analyst Geopolitics, drought and longshore labor are creating substantial tailwinds that could, at least in the near term, dramatically boost West Coast market share, particularly Los Angeles and Long Beach, writes analyst Larry Gross. Market aligning to trigger import surge on US West Coast: analyst […]
Read More →Destocking freeing up US warehousing space, but costs remain elevated
on January 8, 2024in Industry News
Destocking freeing up US warehousing space, but costs remain elevated Continued diversification in US entry points will eventually lead to greater demand for warehousing and storage at inland nodes. Destocking freeing up US warehousing space, but costs remain elevated Journal of Commerce
Read More →Carriers quoting trans-Pac rates of $5,000/FEU on Suez-linked equipment imbalances
on January 5, 2024in Industry News
Carriers quoting trans-Pac rates of ,000/FEU on Suez-linked equipment imbalances The new rate move by carriers comes as the security situation in the Red Sea shows no signs of improving and amid retail restocking in the US ahead of an early Lunar New Year. Carriers quoting trans-Pac rates of ,000/FEU on Suez-linked equipment imbalances Journal of […]
Read More →US trucking workforce on edge of seasonal cliff after job losses
on January 5, 2024in Industry News
US trucking workforce on edge of seasonal cliff after job losses US trucking employment shrank last year, and seasonal trends point to more cuts in 2024 amid weak freight demand. US trucking workforce on edge of seasonal cliff after job losses Journal of Commerce
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