<div class="phx-topic abstract-wrapper"><p>The bankruptcy filing of a freight payment provider last week brings a reminder to shippers to be diligent in monitoring payment vendors.</p></div>

The bankruptcy filing of a freight payment provider last week brings a reminder to shippers to be diligent in monitoring payment vendors.

<div><p>The fallout of a bankruptcy of a freight payment provider last week brings a regular reminder to shippers using such services that diligence in monitoring of payment vendors is often an afterthought as shippers get lulled into complacency by low service fees.</p><p>Ormond Beach, Florida-based freight payment vendor IPS Worldwide filed for Chapter 11 in US Bankruptcy Court Jan. 25, saying in the filing that it owed more than $100 million to a list of creditors that include major shippers such as Stanley, Alcoa, True Value, ArcelorMittal, and Tyco Electronics. YRC Freight was also on the list.</p><p>IPS Worldwide said in a...

Supply chain

Bankruptcy underscores need for freight payment diligence

<div class="phx-topic abstract-wrapper"><p>But third-party logistics providers and brokerages – which have been playing an increasing role in the LTL sector – are more likely to feel the heat from Amazon’s competition than asset-based LTL carriers, sources told the <i>Journal of Commerce</i>. </p></div>

But third-party logistics providers and brokerages – which have been playing an increasing role in the LTL sector – are more likely to feel the heat from Amazon’s competition than asset-based LTL carriers, sources told the Journal of Commerce.

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Trucking News

Surface

Amazon pushes further into logistics space with launch of LTL service

<div class="phx-topic abstract-wrapper"><p>Forwarders have linked the sudden boost in rates to lower vessel capacity rather than an indication of resurgent demand, with liners shifting vessels to the more lucrative eastbound trans-Pac trade out of China.</p></div>

Forwarders have linked the sudden boost in rates to lower vessel capacity rather than an indication of resurgent demand, with liners shifting vessels to the more lucrative eastbound trans-Pac trade out of China.

Container lines

Asia-Europe

Container Shipping News

Maritime

India-USWC rates jump as carriers redeploy capacity to hotter trans-Pacific trade

<div class="phx-topic abstract-wrapper"><p>Spot rates from North Asia to Brazil are pushing near two-year highs after blanks on the trade lane last month jumped to their highest in at least three years.</p></div>

Spot rates from North Asia to Brazil are pushing near two-year highs after blanks on the trade lane last month jumped to their highest in at least three years.

Asia-South America rates surge after months of carrier blank sailings

<div class="phx-topic abstract-wrapper"><p>Demand is projected to expand between 3.5% and 5% a year over the next decade, outstripping the supply of air cargo capacity that is forecast to grow by just 1% a year.</p></div>

Demand is projected to expand between 3.5% and 5% a year over the next decade, outstripping the supply of air cargo capacity that is forecast to grow by just 1% a year.

Air Cargo

Global air freight capacity shortages to put brakes on demand growth

<div class="phx-topic abstract-wrapper"><p>The port is giving financial awards to early purchasers of EV trucks as it works toward its goal of being the “world’s first carbon-free port,” CEO Noel Hacegaba said. </p></div>

The port is giving financial awards to early purchasers of EV trucks as it works toward its goal of being the “world’s first carbon-free port,” CEO Noel Hacegaba said.

Port News

Drayage

North American ports

Drayage operators in Long Beach rewarded for purchasing EV trucks

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Amazon pushes further into logistics space with launch of LTL service

India-USWC rates jump as carriers redeploy capacity to hotter trans-Pacific trade

Asia-South America rates surge after months of carrier blank sailings