Commentary

After a no-fault chain reaction highway accident destroys a truck and its cargo, a motor carrier questions its insurer’s claim of a $100,000 liability limit on $250,000 in damages.

For Marci Rossell, 2013 will be the year U.S. consumers finally start to feel the economic recovery.

More than 150 of the single-vessel companies that dominate Germany's shipping fleet, have gone belly-up in the past year. And with charter rates still heading south and banks severing credit lines, the figure could grow by several hundred more within months.

2013 is expected to be another challenging year for the industry. In view of the economic problems plaguing Europe and the U.S., and the moderate-at-best growth predicted for China, along with the significant new capacity due to enter the market, overcapacity remains a major concern for the industry.

As I write this piece for publication this month, I cannot be certain of the outcome of negotiations between the USMX and the ILA, or NYSA and the ILA as these events are currently unfolding. However, I can be certain that when the bargaining is eventually completed, we will be living with a new normalcy in management-labor relations and perhaps with some terminal operations as well. The need for change is so apparent that one way or another change will occur.

The shape of the world economy has truly become a global relationship with every country as a piece of the puzzle.