The new law is modeled on the International Maritime Organization’s Safety of Life at Sea (SOLAS) amendment, which took effect on July 1, 2016.
More shippers are putting freight lanes up for bid, Covenant Transportation Group executives say.
Installation of the new Tideworks Technology system at San Juan follows the rollout of the system last September at Crowley’s Port Everglades, Florida terminal.
UPS's Mark Modesti believes smaller shippers increasingly are drawing near an "inflection" point when it comes to adding technology and changing processes to control inventory. They need to get past that point to survive and grow.
The bill passed the Senate on a 26-to-5 vote, and has cleared the House Transportation Committee.
Spot market truckload rates are rising on higher demand, but contract rate hikes are being slowed by market uncertainty and excess capacity.
Werner Enterprises and Heartland Express follow J.B. Hunt in reporting a rise in freight demand as the second quarter gets under way.
If it gets regulatory approval, a futures market for truck freight rates, based on DAT data, could help shippers mitigate pricing risks as the market gets more volatile.
Facing tougher customer demands and more supply chain complexity, shippers increasingly want and need to collaborate with transportation partners. It doesn't happen overnight.
J.B. Hunt’s less optimistic outlook could be an early indicator of what to expect from Class I railroads and trucking companies’ first-quarter earnings to be released over the next several weeks.