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The planned Nov. 2 rate hike will be FedEx’s second in nine months, according to multiple media reports.
The logistics industry is "facing an unprecedented labor shortage" for which 79 percent of 3PLs are unprepared, according to a new study from Penske Logistics.
No reasons was given for NYK's decision, but industry officials say it is tough for carriers to make money in the north-south trade lanes today.
Industry advisors to the Commerce Department are calling on the government to get involved much sooner when contract talks between dockworkers and terminal operators diminish port productivity.
A group of Republican House lawmakers on Friday exercised a rarely used “discharge petition” to gather enough support to force a vote on the chamber floor to reauthorize the U.S. Export-Import Bank.
The legislation (HR 702) also includes a provision to increase funding for the 60 ships in the Maritime Security Program from $3 million to $5 million.