The companies that run West Coast port terminals and the union that represents dockworkers rejected requests to extend their contract, which was slated to expire at 5 p.m. PST on Friday, but they agreed to keep goods moving until an agreement is found. "Both sides recognize the strategic importance of...
The Old Dominion testing program simplified LTL pricing.
Old Dominion Freight Line Inc. has initiated a trial program in which it offers LTL shippers a single all-in fee before their freight is picked up, a step the carrier claims represents a significant development in the conventional processes of costing, and pricing, and paying for LTL transportation. Todd Polen,...
Due to stock drops, July 1 has been designated as ‘Bloody Friday’ in shipping.
Friday will be recognized as "Bloody Friday" in the maritime industry, according to J Mintzmyer, head of research at Value Investor's Edge. Shipping titans including Zim Integrated Shipping Services (NYSE: ZIM), Genco Shipping (NYSE: GNK), and Eagle Bulk Shipping (NASDAQ: EGLE) had their stock values plummet on Friday. According to...