For many shippers, logistics providers and freight carriers, the request for proposal (RFP) process can be time consuming and stressful. The constant work of rebidding freight and wrangling over price can cause major business disruptions, as well as build friction between shippers and carriers. “The reason companies do RFPs is because they want to know…
WASHINGTON — A federal regulator has declined a request to require automated vehicle (AV) developers and government agencies to submit test and safety data into an AV testing database, asserting that such a change to the current voluntary system would go beyond the program’s scope. The Owner-Operator Independent Drivers Association sought the change through comments…
Fraud is a hot-button issue across the logistics industry, with various scams costing companies serious time and money every year. Some types of fraud, like double brokering and cargo theft, are often spotlighted. Less discussed types of fraud, like fuel fraud, are just as insidious — and just as prevalent. Fuel fraud manifests in several…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. On Dec. 5, 1872, an eerie sight emerged on the Atlantic Ocean. The British brigantine Mary Celeste was discovered adrift, deserted by its crew, but undamaged and full of cargo. On this episode of Tracks Through Time, FreightWaves…
Container lines are facing a triple whammy: Freight rates are weak — below breakeven in some trades — and show no signs of rising. New ships are flooding the market. And vessel leases that container lines booked at historically high rates during the boom have yet to expire. Some leases run through 2024 or 2025….