More efforts needed to mitigate cargo losses

March 22, 2018 Brian Straight, managing editor Loss expects at leading fleets say more thought needs to go into package design to ensure cargo is well protected during transit. Preventing loss is a top priority for any carrier or shipper, but the prevention of cargo claims really begins with the basics, and that is packaging, blocking and bracing. And according to panelists at the 44th annual Transportation & Logistics Council meeting in Charleston, SC, not enough is done at that level to mitigate losses. “I would suggest shippers test their packaging before testing it in the supply chain,” said Daniel […]

By |March 22nd, 2018|Blog|0 Comments

Rising Freight Rates

Producer price inflation remains modest, but not for trucking and LTL where rates continue to soar March 14, 2018 Ibrahiim Bayaan, chief economist, FreightWaves Producer price inflation remains modest, but not for trucking and LTL where rates continue to soar Data on producer prices show that there remains some building pressure for overall inflation in the economy. Earlier this morning, the Bureau of Labor Statistics reported that the producer price index (PPI) rose a modest 0.2% in February from January’s levels and is now 2.8% higher than at this point last year. This month’s increase was driven primarily by a […]

By |March 14th, 2018|Blog|0 Comments

The Perfect Storm

Clearly the pendulum of pricing power rests with the carriers this 2018.  New data indicates that 2018 LTL rate increases are pressing up towards double digits, especially with the ongoing difficulties that carriers are facing with capacity and driver shortages.  In the Full Truckload (FTL) arena experts are predicting record numbers for spot truckload rates for dry van, refrigerated and flatbed freight.  The national average spot van rate set a record in January, up 15 cents compared with December and 59 cents higher than January 2017.  The spot reefer rate, at $2.66/mile, was 71 cents higher compared with January 2017.  […]

By |March 8th, 2018|Blog|0 Comments

Global Liquid Fuels

Global liquid fuels North Sea Brent crude oil spot prices averaged $65 per barrel (b) in February, a decrease of $4/b from the January level and the first month-over-month average decrease since June 2017. EIA forecasts Brent spot prices will average about $62/b in both 2018 and 2019 compared with an average of $54/b in 2017. EIA expects West Texas Intermediate (WTI) crude oil prices to average $4/b lower than Brent prices in both 2018 and 2019. NYMEX WTI contract values for May 2018 delivery traded during the five-day period ending  March 1, 2018, suggest a range of $51/b to […]

By |March 6th, 2018|Blog|0 Comments

ELD Issues

The Owner-Operator Independent Drivers Association (OOIDA) has called on the U.S. House Committee on Transportation & Infrastructure to “urgently conduct” an oversight hearing on the implementation of the Federal Motor Carrier Safety Administration’s (FMCSA) electronic logging device (ELD) mandate. OOIDA Acting President and CEO Todd Spencer said last Wednesday in a letter to the committee on behalf of the trucking group that since the mandate kicked into gear, truckers have informed the group of the many problems they have experienced in relation to the devices, including several vendor-wide systems failures, faulty GPS tracking, inaccurate recording of duty statuses, engine disablements, […]

By |March 6th, 2018|Blog|0 Comments

International Holiday Schedule

Dear Valued Customers, The following is provided for your information: Holiday Schedule The following offices will be closed in celebration of their local holiday: Japan Vernal Equinox Day March 21 Hong Kong Good Friday March 30 Singapore Good Friday March 30 Australia Labour Day (Fremantle) Labour Day (Melbourne) March Public Holiday (Adelaide) Good Friday March 5 March 12 March 12 March 30 Philippines Maundy Thursday Good Friday March 29 March 30 Please remember that certain offices are across the International Dateline. The dates above are their dates, not the actual U.S. date. Rate Changes The following rate changes apply to […]

By |March 1st, 2018|Blog|0 Comments

ELD’s / Drivers Coercion Complaints

The FMCSA’s Definition of Coercion: “Coercion occurs when a motor carrier, shipper, receiver, or transportation intermediary threatens to withhold work from, take employment action against, or punish a driver for refusing to operate in violation of certain provisions of the Federal Motor Carrier Safety Regulations (FMCSRs), Hazardous Materials Regulations (HMRs) and the Federal Motor Carrier Commercial Regulations (FMCCRs).  Coercion may be found to have taken place even if a violation has not occurred.  An example of coercion is when a motor carrier terminates a driver for refusing to accept a load that would require the driver to violate the hours […]

Blocking and Bracing Announcement by the UPRR regarding leaning intermodal containers

To All:  Please note that the UPRR has announced a non-negotiable accessorial charge for improper blocking and bracing practices.  It is the shippers responsibility to thoroughly block and brace all intermodal shipments, regardless of the rail road it is traveling on.  Any claim that originates due to insufficient blocking and bracing by the shipper will be immediately denied by all rail roads. The below notice pertains to orders that originate or finalize on the UPRR. Any load that moves cross country will be subject to this in the event the freight shifts and were to lean while on the UPRR. […]

By |February 20th, 2018|Blog|0 Comments

Truckload Capacity Issues

For years trucking executives have been warning shippers that the ultra-tight capacity, that has been brought about by a long-term shortage of trucks,  qualified truck drivers, increased driver compensation, and government regulations would only need a sustained U.S. economic recovery to trigger a significant rise in freight rates.  That time has finally arrived. The speculation is that non-contractual rates, or spot rates, which have continually risen throughout the summer will continue to rise.  As well, it is suspected that contract rates are expected to follow a similar pattern.  Trucking companies will not comment or commit on a specific rate increase […]

By |November 9th, 2017|Blog|0 Comments

“Hurricane, floods cripple Texas ports, freight networks”

The shipping industry is expected to be disrupted by the worst hurricane to hit the refinery-rich Texas coast in more than 50 years. Shipping terminals along the Texas coast shut down as the storm approached. Port operations in Corpus Christi and Galveston closed, and the port of Houston said container terminals and general cargo facilities were closing around midday Friday. “Flooding will definitely affect loadings at New Orleans and the Texas Gulf,” said DTN cash grain analyst Mary Kennedy. “Depending on how long water issues linger, it could affect basis, both river basis and rail basis in affected areas.” Rates for carrying freight […]

By |August 28th, 2017|Blog|0 Comments