No one wants wild swings in freight rates and the pricing model had to change, a panel of top executives tells attendees at TPM.
Jacobs said more ocean carrier consolidation is coming and more is needed.
“The Teamsters are out of control.”
Japanese shipping group MOL is the latest looking to tap into the rapidly growing logistics demand in India.
The cost of a barrel of crude oil is projected to rise nearly a third in 2017 compared with 2016.
Alliance restructuring offers carriers an opportunity to create niche services.
The recovery of short-term trans-Pacific rates “has happened already for quite some months.”
The largest pain point yet to resolve in refrigerated shipping is the lack of data and transparency in managing the end-to-end cold chain, the former head of Maersk Line's reefer business says.
This development could signal that carriers will exert more discipline than last year as they negotiate service contracts.
US retailers are seeking the right balance between in-store and online inventories.