Operations rely on networks of suppliers and partners working together. Smart management of these connections is key to smooth business workflows. Two roles are crucial – procurement vs supply chain…
Mack Trucks, UAW Reach Tentative Deal Just Before Strike Deadline
DETROIT – Mack Trucks and the United Auto Workers union reached a tentative agreement Sunday night on a new 5-year contract, narrowly avoiding a walkout by over approx. 3,700 workers….
Tanker Shipping’s ‘Odd Couple’ Set to Divorce
The current ownership of Euronav, one of the biggest tanker shipping businesses in the world, brings to mind a hasty, tragic wedding. John Fredriksen, a shipping magnate, and his business…
TQL Ordered to Pay Overtime Wages to Former Employees
A federal court has decided that the nation’s second-largest freight brokerage, Total Quality Logistics, must pay back wages to thousands of former workers who were not paid overtime for working…
Cargo Ships: The Backbone of Global Trade
Over 90% of global trade is carried out by cargo ships. They link companies and customers globally by moving items across seas. In this blog, the role of cargo ships…
Expectations Rise as XPO’s Jacobs Reveals Exciting Next Venture
As Brad Jacobs walked up to the stage at the Greenwich Economic Forum on Tuesday, everyone’s main question was, “What is Jacobs going to do next?” This is the next…
Mack Trucks Reaches Settlement with UAW on Extended Agreement
Mack Trucks and the United Auto Workers have reached a tentative deal on a new five-year contract for workers. Compared to the last deal, it’s an extra year. The new…
What is the difference between cargo and shipment?
Are you confused between cargo and shipment? Do you often use these terms interchangeably? Well, fret not! In this blog, we will discuss the basic differences between cargo and shipment….
Impact of Government Shutdown on Freight: A Closer Look
The Committee for a Responsible Federal Budget (CRFB) asked about the possibility of a government shutdown on Tuesday, and the results showed that it had gone up from 70% to…
Prologis CEO Calls on Federal Reserve to Reconsider Rate Policy
The CEO of Prologis Inc., the biggest logistics real estate company in the world, asked the Federal Reserve on Wednesday to slow down its bold policy of raising interest rates…