The transportation and logistics industry is heavily regulated, with myriad federal, state, local, and international laws on the books whose terms are directly reflected in the contracts. This poses a compliance burden. Fortunately, technology is helping forward-thinking organizations in this arena mitigate risk.
Timothy Donaghy, vice president for technology, Contract Logix
There has been little momentum to address the menace of container ship fires. That is despite the fires killing crew members and causing tens of millions of dollars of cargo losses and supply chain disruption annually. Something needs to change.
George Boyle, president/chief executive officer, Quik Pick Express
Last month, the Port of Long Beach agreed to join and partner with the Port of Los Angeles in the portwide portal — the GE Transportation Port Optimizer. The portal’s goal is to give the industry one platform to exchange data, and improve visibility and driver productivity in the process. This portal will ensure that LA-LB remains the leader in communication, innovation, and productivity.
Cora Di Pietro, vice president, global trade consulting, Livingston International
Given the importance of NAFTA to the economies of all three countries and the sense of uncertainty the negotiations have been causing over the past eight months, one might conclude the urgency to wrap them up is rooted in creating greater economic stability and spurring investment. This is not so.
Mark Szakonyi, Executive Editor
Given less attention than the resin boom and Asia import growth, but still deserving a close watch is the potential for Gulf ports to funnel a rebound in Latin American trade
David Rish, president, global trade management, Livingston International
In exchange for dropping its proposal for 50 percent of content to come from the United States, US policy makers tabled a new suggestion that would require US automakers to have their auto content produced in jurisdictions with a set minimum wage in exchange for financial credits to help offset the additional labor costs. It is a proposal that is being given serious consideration by Canadian and Mexican policy makers, as well.
Pierre Liguori, director, Tokema International
The warehouse revolution is on. It is time for third-party logistics providers to embrace the changes of this new brave world or disappear. To be sure, the change will not be easy or quick but there is a considerable upside for your business.
Fauad Shariff, co-founder/CEO, CoLoadX
What, exactly, is the true competitive edge, or threat, posed by digital forwarders?
To paraphrase the late, great writer Mark Twain, the reports of legacy forwarders' death are greatly exaggerated.
Colin Barrett, president, Barrett Transportation Consultants
If a freight shipment is contaminated or in some other way rendered of diminished value by virtue of the fact that it made some portion of its journey without whatever protection a seal was intended to provide, that is an injury for which the carrier could be held liable; but where is the evidence that such is the case?
Mark Szakonyi, Executive Editor
Yilport, which signed a memorandum of understanding with the Mississippi State Port Authority in February, is promising to invest hundreds of millions of dollars in the state’s Port of Gulfport, for which it sees serving a distinct purpose.
Gary Ferrulli, CEO, Global Logistics & Transport Consulting
My experience with the industry shows me ocean carriers do not play well together. But, it could happen: there could be industry cooperation for the second time in my lengthy career.
Tom Gould, senior director, customs and international trade, Sandler Travis & Rosenberg, P.A.
After more than 15 years and billions of dollars, has US Customs delivered a viable tool with its Automated Commercial Environment?
Niels Erich, consultant
The era of carrier rate agreements is over, but freight markets still need a stabilizing influence. How did we get here? Can we do better?
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