The fear voiced by Port of Los Angeles Executive Director Gene Seroka earlier this year was that “we will still have vessels at anchor come midsummer,” when terminals pivot to handling the peak season rush starting around Aug. 1. It…
Multiple wildfires in Northern California have caused “significant damage” to BNSF’s rail infrastructure in the area, and the threat isn’t over yet. BNSF (NYSE: BRK.B) suspended rail operations between Stockton, California, and Klamath Falls, Oregon, because of wildfires in the…
Brad Jacobs hasn’t been denied much during what has been one of the most accomplished business careers of the past 40 years. What Jacobs has wanted, he’s taken, judging by his founding of five billion-dollar businesses, three of which became…
As you may have noticed, I have taken a 6-week summer vacation from my editorials. Not really a summer vacation, but rather, my June and July client and TCA meeting schedule took over. While a little grueling under these new…
Huge profit gains in ocean shipping have become commonplace this year. But Ocean Network Express’ year-over-year profit increase — 1,432% — is still attention-grabbing. For its fiscal 2021 first quarter, ONE recorded profit of $2.559 billion, a $2.39 billion gain…
Four months after raising $1.2 billion, instant delivery application Gopuff announced it has closed on a Series H round for $1 billion, reaching a $15 billion valuation. The round was led by new investor Blackstone’s Horizons platform and its previous…
The Federal Motor Carrier Safety Administration declared a North Carolina man an imminent hazard and ordered him not to use a commercial motor vehicle in interstate commerce after inspectors stopped him three times in three states. The unannounced roadside commercial…
The logistics industry is full of unpredictability, and safety is no exception. It is impossible to predict exactly when an incident will occur on the road. It is possible, however, to have a predictable system for processing safety issues and…
Three additional states have implemented 30-day waivers of the federal hours-of-service rules, citing tight supplies of drivers as a reason. The steps by Minnesota, Wyoming and Iowa to declare a state of emergency as the basis for the waiver follow…
Like several major U.S. ports on the nation’s East Coast, Philadelphia has been a center of international commerce for over 300 years. Today, the Port of Philadelphia (PhilaPort) has a leading position in several areas of trade. These include the…
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