Linehaul truckload shipping costs in October increased 5.5 percent from 12 months prior, according to the Cass Truckload Linehaul Index.
Seeking to break the age-old cycle of container overbooking, no-shows
Whether shipper no-shows induce carrier overbooking, or carrier overbooking causes shippers to make multiple bookings they fail to cancel, the question is whether the industry can overcome this mutually destructive behavior to operate more efficiently.
Executive Moves: Höegh Autoliners and RSI
Höegh Autoliners names chief executive officer, and the Railway Supply Institute appoints president.
Alibaba takes $2.9b stake in Sun Art
E-commerce giant Alibaba Group will acquire a 36.16 percent stake in Chinese hypermarket operator Sun Art Retail Group from Ruentex Group, according to a joint statement from the companies.
Hapag-Lloyd orders 3,700 reefer containers from MCI
The German ocean carrier plans to meet growing demand for refrigerated (reefer) cargo with the new Star Cool Integrated containers, 1,000 of which use a low-carbon R513A refrigerant system, according to Maersk Container Industry (MCI).
New CBP processing fees kick in Jan. 1
U.S. Customs and Border Protection will implement various cargo processing fee increases for importers and carriers, effective Jan. 1.
Azerbaijan Caspian Shipping Co. expands international presence
The number of Azerbaijan Caspian Shipping vessels operating outside the Caspian Sea has now reached 12, with 11 being dry cargo vessels, the company said.
OECD: GDP growth slows to 0.6% in Q3 2017
According to recent data from the Paris-based research organization, Germany and Italy showed the most economic growth during the third quarter of 2017.
FASA/Gemini fights to protect NAFTA’s cross-border Mexican trucking provisions
Gemini Shippers Group joined with more than 100 trade associations in sending a letter to U.S. Trade Representative Robert Lighthizer urging him to maintain NAFTA’s cross-border trucking provisions in any renegotiated agreement. The letter comes in response to reports that the Trump administration was considering new restrictions against Mexican long-haul truckers
Holiday Windows: Saks Fifth Avenue’s Disney Fairy Tale
It was a fairy tale moment at Saks Fifth Avenue when the luxury retailer unveiled its 2017 holiday windows. In collaboration with Disney and Mastercard, Saks created a Snow White and the Seven Dwarfs theme, resulting in an elegant fairy tale for children and adults alike. Along Saks’ 49th Street …
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