The shipping industry has not been immune to the rapid change technology has brought to the world stage. In shipping, as in the larger economy, there is consistent demand to consolidate and incorporate technology into daily business practices in order to maximize efficiency and minimize overhead. . . . Read the full newsletter by clicking the link below.
Earlier this month, the Wall Street Journal reported on the issue of non-fulfillment on the part of retailers during peak periods, and the difficulties this trend has caused for companies such as FedEx and UPS. In an attempt to preserve revenue during ever more important peak periods, these transportation titans have struggled to find ways to mitigate the losses associated with non-fulfillment . . . Read the full newsletter by clicking the link below.
On May 5th, 2017 new regulations governing Service Contracts (SC) and NVOCC Service Arrangements (NSA) will take effect. This newest regulatory reform (a result of two Notices of Proposed Rulemaking published in February and August of last year by the FMC) aims to provide immediate relief to carriers from certain administrative burdens. Below is a summary of the new regulations and an analysis of potential residual effects of the new measures . . . Read the full newsletter by clicking the link below.
The TPM (Trans-Pacific Maritime) Conference was held in Long Beach, CA this year, and over 2,000 industry experts gathered to consider the future of the ocean transportation industry. As one might expect, the conference featured competing ideas about what this future should look like, but there were essentially two points of agreement. First, the ailing ocean transportation industry is in need of great change. Second, this need for change suggests massive untapped potential . . . Read the full newsletter by clicking the link below.