There’s nothing in general or transportation law to preclude contracting parties from reaching agreements to be applied retroactively. But there’s also nothing in the law to preclude the parties from agreeing to alter an effective date.
Damage from poor rail performance can be severe and long-lasting. Once incurred, that damage isn’t easily reversed.
The analysts that process trade transactions for commercial banks are the front lines of defense against global financial crime and they must be taught to look beyond just the trade documents in front of them and consider a wider context.
As we descend on Long Beach, California, for the 16th Annual TPM Conference, a slew of issues threatens to disrupt shipper supply chains. Long-awaited consolidation among container carriers is under way, with dramatic changes to alliances likely. But the biggest concern for shippers is the looming container weight policy mandated by the International Maritime Organization, an issue that will resonate through TPM and beyond.
Although communications have improved between stakeholders dealing with ports and terminals, and congestion has eased, much still needs to be done, and port productivity remains a concern. Progress that could be made hasn’t been because much of the design, infrastructure and equipment in ports don’t meet the requirements of today’s environment and markets.
The Federal Motor Carrier Safety Administration's decision to post “absolute performance measures” for BASIC scores in early March represents an affront to the intent of Congress when it passed the FAST Act.
Amazon is reimagining the modern supply chain, and we have to use our own imaginations to follow along. The company that simultaneously built the world’s largest cloud computing business and became a digital entertainment giant has grown uncomfortable with traditional freight transportation offerings, thus dabbling in trucking, air freight and now ocean.
While other segments of the transportation industry have consolidated to gain network efficiencies, the railroads continue to operate with the structural constraints of a bygone era.
The U.S. Army Corps of Engineers' channel assessment methodology based on national benefit/cost ratio is speculative and, in some areas, flawed, especially on the benefit side.
A shipper’s failure to file a timely loss-and-damage claim with a motor carrier will bar recovery on the claimant’s part.
2016 is a test year for LTL carriers in how they react to reduced demand and the new aspects at play. Carriers should recall the difficulties in 2009-10, and that it took more than four years to regain lost profit. They must avoid price discounting to fill trucks with freight.
If you’re keeping up with the news on self-driving vehicles, you’d be forgiven for being confused whether their arrival is right around the corner or years away. Looking closely at the technology, we can see that both views are correct, and it will have wide-ranging implications for freight brokers.
Many U.S. importers regard procurement cost and pallet vendor selection as the shippers' burden, but this is risky and exposes an importer to severe supply chain disruptions should their pallets not be compliant with local requirements and face rejection by border officials.
The average U.S. diesel pump price dropped below $2 per gallon for the first time since 2005 this week. With prices this low, perhaps its time for shippers and carriers to rethink fuel surcharges.