Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port's overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.
The maritime information provider and creator of the famed Baltic Dry Index will work closely with shipbrokers and end-users to create new freight rate benchmarks and indices to be launched later this year, according to Baltic Exchange CEO Mark Jackson.
The recently formed shipowner started by investment and asset firm MPC Capital announced the acquisition of seven initial containerships on Monday, with an additional six on the way.
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The four drayage drivers working for XPO Cartage, a unit of XPO Logistics, were issued orders, decisions and awards in their favor amounting to $855,285.62.
The Senate Commerce Committee cited "labor-related concerns" with the Federal Maritime Commission's pilot supply chain information portal project, but said supply chain innovation teams will continue work this summer, focusing primarily on U.S. exports.
Gelnius, a spin off of freight forwarder SEKO Logistics' technology division, will provide an order-to-cash transportation management system for enterprises and a "Lite," modular version of the TMS in late summer.