Shippers are experiencing a period of relative tranquility on the trucking front, but the calm won’t last long,
J.B. Hunt grew its top line revenue by 10.4 percent in 2014 from 2013. While this mark may not be noteworthy by itself, what is unique is that this marks the fifth consecutive year J.B. Hunt increased its revenue by double digits. Only two other companies in SJ Consulting Group’s Top 50 Trucking Companies list have achieved the same feat: Kenan Advantage Group and Roadrunner, although the manner at which they went about this growth is very different.
There’s plenty of speculation about how the proposed liability insurance increase would affect small owner-operators, but one thing’s for sure: The camps for and against the increase are highly polarized.
A federally sponsored infrastructure initiative for major regional ports to be linchpins of a national port strategy would be a first step in upgrading the U.S. in terms of competitiveness in productivity and ability to serve this and future generations of vessels.
There is an expression, “Build It and They Will Come." For the truckers, it’s “Open It Up And They Will Come."
Susan Kohn Ross
One thing’s for sure if you’ve been involved with international trade in recent times: Things are getting ever more complicated and risk management and compliance challenges are consistently getting harder to anticipate and manage.
The impact of the $75,000 bond on smaller motor carrier brokers has been immense, a reader says, and many have been forced out of the industry by the cost involved. Is the brokerage industry simply stuck with this “unreasonable requirement?”
Peter Tirschwell, Chief Content Officer
With the expanded Panama Canal set to open in a year and shippers frustrated with West Coast delays, Florida is pitching itself as an international container import gateway. But the Sunshine State faces fierce competition from Southeast rivals.
When BNSF Railway ceased intermodal service at its Fresno, California, ramp in December, the change neatly encapsulated many of the North American intermodal industry’s challenges.
A customs broker issues delivery orders for shipments in which it isn’t involved in the final delivery arrangements. How can the broker protect himself from any potential lawsuit from a carrier if freight charges are not paid?
There are plenty of factors that contribute to tightening truck capacity and rising transportation costs, but one of the most overlooked is the lack of adequate truck parking. Shippers need to be part of the solution.
Mexico’s low wages, free-trade savvy, and infrastructure and logistics upgrades have been well-documented in JOC coverage over the past decade. What we haven’t documented until now is how the United States’ NAFTA partner has transformed from a backwater country known for its poverty, corruption, drug cartels and tourist attractions into the world’s seventh-largest auto producer, the second-largest U.S. auto supplier, and a rapidly growing manufacturing center for white goods and aerospace products.
As ships get bigger and productivity fails to improve, the industry is digging itself into a hole from which it is increasingly difficult to escape.
The last two surface transportation authorization laws, President Obama’s recent surface transportation proposal and other plans to use one-time revenues to prop up the Highway Trust Fund have one thing in common: They all left or would leave the HTF in worse financial health after the bill expires than it was in before the bill was enacted.
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