Rates have remained stable after rising 200% over the past year The future direction of Ocean freight rates is at a crossroad; there are multiple directions it can go and we’ve identified indicators that will drive rates in either direction. Below, we will share this with you. For the last five weeks, rates have remained stable after rising nearly 200% …
Spot Rate vs Contract Rates
Should a Shipper choose a Spot rate over Contracted Rates? The transportation marketplace faces challenges created by the uncertain economy born by unprecedented world events. During this volatility, should a Shipper choose a Spot rate over Contracted Rates, or vice versa? Below, we will weigh in and provide pros and cons of each pricing method and guide the Shippers onto …
Planning Key to Reduced Shipping Costs
CPC provides guidance and action to Shippers resulting in lowered costs and better service The past few years have reflected a time requiring detailed planning and attention to optimize the ebbs and flows of the transportation market place. The rapidly changing economy has created a mine field for Shippers to navigate for the best pricing and service offered by the …
UPS, Teamsters Extend 2018 Labor Negotiations
UPS, Teamsters Extend Labor Negotiations to Finish Side Accords United Parcel Service Inc. and the Teamsters agreed to extend their current labor contract past its July 31 expiration to wrap up 38 supplemental accords with locals, the union said. The extension doesn’t have an end date, but negotiators expect to conclude all talks within two months, said Denis Taylor, co-chairman …
Feature Commentary: The Trump Import Tariff Bubble Economy
If you are connected to a TV, mobile device, computer or radio, the headlines contain the words Trump is imposing 25% import tariffs. The news agencies and economists are talking about the lost jobs, the loss of export revenue, the farmers, etc. But, the reality is that volumes are up, way up! The cause is hysteria that the imported goods …
Ocean Network Express Posts Loss in Debut First Quarter
Article from JOC.com about Ocean Network Express, which upon its formation inherited the container shipping operations of its three parent companies to quickly become the 6th largest container carrier. Ocean Network Express, often referred to as “ONE”, offers a network across all the world’s major trade lanes: Ocean Network Express, which began operations on April 1, 2018, generated $2.07 billion in revenue, compared with to …
Changes in Parcel Landscape Loom Large
UPS, Teamsters Knock Heads Again UPS says it needs flexibility to compete with parcel newbies. Will the union play ball? The UPS Inc. of 2023 may be a very different company from the one that exists today. By then, brown drones may fill the skies. Package cars may operate with the driver in the passenger seat. Sunday deliveries may become …
Container Rates Continue Downward Spiral
Spot pricing has slipped again on almost every major east-west trade and remains significantly below 2017 levels, a trend that could be compounded by the introduction of additional capacity during the first quarter. APRIL 16, 2018 Container freight rates continued to decline, with composite pricing on the eight major east-west routes measured by Drewry’s World Container Index down another 2 …
2017’s Top 25 Less Than Truckload Companies
Growth and Profitability for Nearly all Members of Logistics Management’s Top 50 It’s this combination of growth and profitability that nearly all members of Logistics Management’s Top 50 strive for in the dog-eat-dog, pennies-on-the-dollar, deregulated trucking environment. All the Right Moves After years of delaying capital expenditures or minimizing expansion plans, top trucking companies are loosening their purse strings in …
2017’s Top 25 Full Trailer Trucking Companies
Full Trailer Trucking Sector at Risk from Shortage of 50,000 Drivers Until last year, LTL carriers were largely immune from the driver shortage that’s plaguing growth in the truckload (TL) sector. The American Trucking Associations (ATA) estimated that the industry is short about 50,000 drivers right now, with some of those shortages in the LTL sphere. In the TL sector, sign-on …