In a subcommittee hearing on Tuesday, members of Congress discussed overturning antitrust immunity that ocean carriers have enjoyed for decades. The Coast Guard and Maritime Transportation Subcommittee hearing also included discussion on requiring ocean container companies to load more domestic exports, while reconsidering how detention and demurrage charges are applied to U.S. exporters. “It just…
Hiring students can help transportation and logistics companies meet current needs, build a talent pipeline and beat the competition for the best candidates. Companies should make hiring students a part […]
March 31 is approaching, and it’s unclear how effective FedEx Corp. (NYSE: FDX) has been in its push to convince UPS (NYSE: UPS) shippers to move business over by the end of this month to ensure their goods will get priority treatment in the event of a Teamsters union strike this summer against UPS. It…
TUCSON, Ariz. — TuSimple Holdings needs closure on a raft of investigations before it can reclaim technology leadership in the nascent autonomous trucking industry. But a balance sheet with nearly $1 billion is a big advantage. “Our runway is three years, and that’s excluding any strategic decision on China,” TuSimple Chief Financial Officer Eric Tapia…
U.S. parcel shipping activity is expected to grow 5% per year over the next five years, continuing what is expected to be an increase over pre-pandemic volume projections despite a slowdown in 2022, according to an annual parcel shipping index published Tuesday by global shipping and mailing company Pitney Bowes Inc. By 2028, annual U.S….