Navigating conflict in any relationship–whether it’s between people, companies, or nations–is largely a matter of weighing your desire to win the current battle against your desire to protect the relationship as a whole. Resorting to bullying might help you come out on top of a single dispute, but it will make it that much harder […]
Joyce Brenny, chief executive of Brenny Transportation in Minnesota, gave her truck drivers a 15 percent raise this year, but she still can’t find enough workers for a job that now pays $80,000 a year. A year ago, when customers would call Brenny, she could almost always get their goods loaded on a truck and […]
Flying in the face of the Trump Administration’s isolationist trade policies, US imports are soaring, buoyed by strong consumer spending. Global Port Tracker projects that this summer, containerized imports will surpass last year’s records, topping 1.83 million TEU each month. That’s great news for retailers, but the brisk rate of trade threatens to run headlong […]
The long-awaited capacity crunch is here, with the national load-to-truck ratio hovering well above normal levels for this time of year, and shippers grudgingly accepting higher rates. Courtesy DAT Fortunately, the trucking industry is racing to add capacity, both by purchasing new equipment and hiring new drivers. Orders for new trailers skyrocketed by 36 […]
On April 26, the CEO of Maersk Shipping, Sǿren Skou, delivered a stinging indictment of government shipping subsidies, which he criticized as anticompetitive, and which threaten to stifle the carrier industry’s burgeoning recovery. Speaking at a Singapore shipping conference, Skou accused the subsidies of encouraging companies to build ships which are “not needed, for companies […]
In the weeks since the US and China released their dueling lists of tariffs, the world has gotten a glimpse of just how delicate and complex our supply chains have become. The US had already imposed steep tariffs on imported steel and aluminum, then specifically targeted China with heavy machinery, medicine, and 1,300 other items. […]
It’s a volatile time for US-China relations, and the effects of the brewing trade war are being felt around the world. Seemingly every week, a new volley of tariffs is announced by the Chinese government or the Trump administration, creating uncertainty for freight forwarders, Wall Street traders, and heartland farmers alike. Despite the fact that […]
Lately it seems that the word on everyone’s lips is “blockchain.” What started as the obscure engine for cryptocurrencies like Bitcoin is now being adopted by some of the world’s largest corporations and institutions. In the logistics world, even the technologically averse are beginning to learn what blockchain is and how it stands to impact […]
The Trump Administration has made it clear that its “America First” philosophy is incompatible with many of the free trade agreements which have been the cornerstones of American trade policy for decades. In the year since taking power, the Trump White House has walked away from trade deals that had been years in the making, […]
Across the US, trucking rates have been hovering at record highs for months and show no signs of coming down. The higher rates and limited capacity are the result of a perfect storm of factors, some of which were unforeseeable, while others have been on the horizon for months or even years. Shippers who are […]