Load boards, essential for trucking, face critical issues that need to be addressed urgently. Problems like ghost loading, incorrect origin and destination information, and unreliable carriers are rampant. Structural Issues in Load Boards When load boards emerged after trucking deregulation, they connected small carriers to the growing spot market. However,...
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FMC’s user fees are being raised significantly due to inflation.
WASHINGTON (AP) — The Federal Maritime Commission (FMC) is raising user fees by up to 650% to account for higher costs linked to staff salaries, inflation, and an electronic filing upgrade. In a Federal Register notice published Tuesday, the FMC acknowledged the increases. The agency noted that when fees were...
In 2023, how much will container lines ‘earn’? It is determined by the metric.
How much will container lines 'earn'? "Every time you hear 'EBITDA,' just substitute the phrase 'bullshit earnings,'" said Charlie Munger of Berkshire Hathaway. Different earnings metrics are highlighted by public shipping companies in different segments. Tanker and dry bulk owners are concerned with adjusted net income. Container shipping lines that...