Commentary

“Contracts” in the container shipping industry essentially are loose handshake agreements put to paper, where there are no penalties for non-performance.
There’s nothing to preclude parties from agreeing to modify the effective date of a transportation contract. Such agreement would be an amendment to the contract itself. As long as there was no conflict between the parties, such an amendment could even be an oral one.
For freight forwarders to register steady and positive growth they must set themselves apart from the competition by creating additional value for customers wherever possible.
Ports are well-positioned to handle the container volumes coming their way over the next decade and beyond. The same can’t be said for the congested roads, rails and other surface connectors in and around ports, where capacity will need to grow 10 percent by 2030 in North America and a staggering 68 percent in Asia, according to the International Transport Forum.
Uber’s business approach to connecting drivers with passengers for ride sharing has been part of the freight industry since the 1980s with the presence of brokers such as C.H. Robinson Worldwide, Landstar, Echo, XPO Logistics, TQL, Coyote and more than 1,000 smaller companies.
A recent call with a private equity investor, someone looking to better understand container shipping, was revealing. As the conversation ensued, it was apparent he was having trouble understanding how pricing is set in the industry.
The evidence is overwhelming that the younger the driver, the greater the risk of road accidents and fatalities.
Assuming a shipment shortage problem lies with a vendor and not a carrier won’t get you anywhere without proof and a paper trail.
Mexico has been a key intermodal frontier in recent years, with rails investing in infrastructure and introducing new services.
Born out of the challenge to reduce the carbon footprint associated with today’s mainstream delivery services, with particular focus on the final mile of delivery, Starship drones are already making deliveries in 15 cities in the U.S., United Kingdom, Germany, Belgium and Estonia.
The SOLAS verified gross mass requirement is not a panacea, but it is a definite safety improvement over the status quo.
A new era in the ocean shipping industry is beginning, based on the activity of 2016. It’s a natural time for industry leaders to pause and take stock. It’s at a time such as this when new thinking could emerge.
Shippers should plan to deal with 12 or fewer carriers in the not-too-distant future. They should develop true relationships to meet their company’s service needs and not expect rates to remain where they are.
Although growing volumes challenge ports and terminal operators, only shippers are asked to pay for programs like extended gate hours despite the fact that the growing volumes that make such programs necessary result in increased revenue for terminal operators.