In the last decade, shippers have gained access to a range of solutions aimed at increasing real-time visibility into shipment status and location, including ELDs, supply chain visibility platforms, and carrier-specific GPS tracking systems. Despite these real-time visibility advances, shippers often lack insights into long-term performance trends and hidden inefficiencies across their facilities. These inefficiencies…
As we approach the end of the first half of 2023, trans-Pacific eastbound spot rates are nearing their year-to-date lows, marking a critical level for ocean carriers. In conjunction with various factors such as the “bullwhip effect” impacting inventories at major U.S. importers, and a shift in consumer spending patterns, U.S. importers are expected to…
United Road, a major carrier of new and used automobiles, has an unidentified new group of owners. The fact that the company is no longer fully owned by The Carlyle Group (NASDAQ: CG) was revealed earlier this month through actions taken by S&P Global Ratings (NYSE: SPGI) and Moody’s (NYSE: MCO). The two agencies changed…
Ameritrans Express LLC, a contract delivery service for the U.S. Postal Service, has filed for Chapter 11 bankruptcy amid claims by some of its contractors that they have not been paid since March. Ameritrans Express LLC, headquartered in Dumfries, Virginia, filed its petition in the U.S. Bankruptcy Court for the Eastern District of Virginia on…
Traffic fatalities appear to be on the rise among large trucks — at least compared to pre-pandemic numbers. According to the Federal Motor Carrier Safety Administration’s Crash Statistics Summary, which reflects data from the Motor Carrier Management Information System, during calendar year 2019, the last year pre-pandemic, there were 5,082 fatalities as a result of…