Fuel is one of the biggest costs in ocean shipping, and fuel pricing has seen some big changes in recent months, featuring new dynamics that haven’t been seen in years. Prior to the IMO 2020 regulation implemented on Jan. 1, 2020, most of the world’s commercial ships ran on 3.5% sulfur fuel known as high…
Jeremy Reymer, CEO and founder of DriverReach, is joined on this episode of Taking The Hire Road by a progressive and innovative industry leader, Gregg Troian, president of PGT Trucking out of Aliquippa, Pennsylvania. PGT is well known for its innovative approach to all things flatbed — from investing in next-gen tech solutions to embracing…
The fifth-largest trucking carrier in the country, Yellow (NYSE: YELL) is teetering on the edge of bankruptcy as a dispute between management and the International Brotherhood of Teamsters, the union representing the truck drivers, threatens to massively disrupt operations next week. There’s reason to believe that Yellow’s board’s decision not to make a $50 million…
Mediterranean Shipping Co., the largest ocean container line in the world, has received a second aircraft from Boeing for its startup cargo airline. The new 777-200 freighter will be operated by Atlas Air under a long-term transportation service agreement that calls for providing four 777 aircraft, crews, maintenance and insurance. The new cargo jet will…
Shippers that don’t have existing relationships with FedEx Corp. (NYSE: FDX) may find it difficult to arrange for FedEx to handle their shipments in the event the Teamsters union strikes UPS Inc. (NYSE: UPS) starting Aug. 1, a consultant said Wednesday. Adi Karamcheti, senior consultant for Shipware LLC and who spent nearly two decades in…