The story of YRC Worldwide is not unlike that of the Titanic on its maiden voyage journey from the U.K. to New York City over a century ago. YRC Worldwide was headed to same fate if it had not been for the redirection of its “captain.”
U.S. law doesn’t distinguish between two methods of bill of lading preparation. It doesn’t matter if you, the shipper, tell the motor carrier what is being shipped and he or his representative writes the information down on the B/L form, or you do it by filling out the form yourself and give the completed form to the carrier for “issuance.”
China finally bit the bullet and issued national rules to curb emissions from ships at its main port areas.
For those who like stability, predictability, the ocean shipping industry just isn’t in your comfort zone. And from all outward appearances, stability won’t exist for a couple of years.
2015 may not go down as the most disruptive or revolutionary year in freight transportation history, but it’s certainly been one of the most transformative ones.
If CMA CGM acquires Neptune Orient Lines and its APL brand, the new entity will potentially be the new market leader in the trans-Pacific eastbound trade lane, the latest jolt to this market that already this year absorbed the frontal assault of a longshore labor meltdown.
Mega-ships have spawned a number of problems for shipping companies, from profitability to ports, but where there are problems, solutions aren't far off.
Arranging for the transportation of shipments by carriers for compensation should require licensing and bonding as a third-party logistics provider. However, the Federal Motor Carrier Safety Administration seems to turn a blind eye to this online service.
APM Terminals, Canadian National Railway and the Alabama State Port Authority to use key performance indicators to hold each other accountable.
Amazon’s fulfillment operations are process fanatics. Fast, efficient processes are designed, and everyone is trained to follow the correct process, which especially makes handling peak shipping periods with temporary associates that much more successful.
As the railroads begin to get their service houses back in order, an impediment to intermodal growth is being removed. What remains to be seen is how badly the intermodal reputation has been damaged and how long that damage will take to repair.
It’s critical that you ensure the shipper recognizes and acknowledges your role as a broker, and not a carrier. It’s likewise important that you document this understanding so that no legal question can arise later.
EU regulators recently approved FedEx’s acquisition of TNT after considering restrictions to ensure competitiveness in the market just a month earlier. If any customers or competitors are thinking of filing objections, they should be reminded that there would be no sound basis for any such move.
A sustained and intensive effort to foster corporate social responsibility initiatives across the maritime sector would have benefits both inside and outside the industry.