Shipping

In this edition: 2024 predictions coming in hot; new TRAC Market Dashboard debuts; and TFI is on the prowl again.

Echo Global Logistics’ EchoShip platform is transforming the partial truckload shipping landscape, offering unparalleled efficiency and cost-effectiveness for shippers and carriers.

A flashback article from the archives of American Shipper highlights unique insurance claims.

Shippers have rebounded in Q4 2023 to once again be the most positive segment. Carriers and brokers have lost some of the steam that led to relative optimism in Q3.

“There is no good lane or bad lane or good deadhead or bad deadhead. There is only a focus on what is a good route for the driver to maximize their profitability,” says aifleet co-founder and CEO Marc El Khoury.

“AI-powered insights help customers take informed action, like seeking alternative suppliers, tracing their raw materials, identifying potential geographic concentrations and targeting risky supplier networks,” says Altana Technologies’ Amy Morgan.

Loadsmart CEO Felipe Capella said there’s “massive value potential for the whole freight industry” by applying computer vision technology.

In an article published in 1981 in American Shipper magazine, a Bethlehem Shipyard case focuses attention on a maritime problem as old as the “master’s gratuity,” according to a former company official who was charged with bribery at the time.

The former Emerge senior vice president of customer success plans to leverage customer voices in his new role leading Princeton TMX.

Project44’s Jett McCandless comments on the state of technology as the company completes a round of layoffs on Thursday.

Anthony Sutardja, co-founder and CEO of Parade, told FreightWaves the new capital will go toward AI and RFP tools.

Laid-off employees came from support departments including Human Resources, Information Technology (IT) and other ancillary support roles. IT roles affected by the event included business analysts, scrum masters, quality analysts, product managers, and project managers.

Average CEO compensation rose as ocean shipping company earnings increased, fueled in many cases by share-based compensation.

Panama’s drought poses a serious challenge to the country’s canal operations, but fallout to global trade remains limited.

A story from 1976 shows a battle between a shoe manufacturer and a shipper over what the former believed was an “unreasonable rate.” The company-versus-company drama exhibits the complexity of international trade.

“Optym HaulPlan has enabled us to plan more efficiently and make adjustments to lanes quicker,” said Estes President and COO Webb Estes.

Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.

The global coal trade is thriving, with dry bulk ships busy carrying the loads. As the West consumes less coal, Asia buys even more.

Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.

Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?