NMFTA Establishes New LTL eBOL Standards
The National Motor Freight Traffic Association announced an update to its electronic bill of lading standards March 26 to help digitize less-than-truckload shipping.
April 3, 2024Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Car Shipper Takes $10 Million Hit From Bridge Collapse
Wallenius Wilhelmsen ASA, one of the largest car shipping companies, said it expects a $5 million to $10 million hit to its earnings from the Baltimore bridge disaster.
April 3, 2024Port of Laredo Cargo Is Big Winner in Biden’s New I-27 Law
Boosting U.S.-Mexico cargo movements through the Port of Laredo will be a key outcome of President Joe Biden’s recent enactment of a new law designating a future Interstate 27.
April 2, 2024Second Channel Opens at Baltimore Bridge Site
BALTIMORE — Crews opened a second temporary channel April 2 allowing a limited amount of marine traffic to bypass the wreckage of Baltimore’s collapsed Francis Scott Key Bridge.
April 2, 2024Freight Railroads Must Keep Two-Person Crews
Major freight railroads will have to maintain two-person crews on most routes under a new federal rule that was finalized April 2.
April 2, 2024Cargo Ship Owner Seeks $44 Million Liability Limit
The owner of the ship that rammed a bridge in Baltimore, killing six workers and disrupting the eastern U.S. transportation network, is seeking to limit its liability to about $43.7 million.
April 1, 2024What's That? Freight Broker
A transportation management system or TMS is a logistics platform that uses technology to help trucking businesses plan, execute, and optimize the physical movement of goods, both incoming and outgoing.
April 1, 2024What's That? 4PL
Fourth-party logistics, also known as 4PL, is an operational model in which a business outsources its entire supply chain management and logistics to one external service provider. This partner oversees the supply chain, including the evaluation, design, construction, implementation, and measurement of the client's solutions.
April 1, 2024What's That? Logistics
Logistics refers to the transportation and storage of goods within a supply chain. For example, freight brokers who coordinate with a carrier to move a company’s goods are performing a logistics service.
April 1, 2024What's That? Freight Broker vs. Truck Broker
Let's start with a simple truth: there's essentially no difference between the terms 'freight broker' and 'truck broker.' However, 'freight broker' is the term you'll hear most often in the trucking industry. It's the go-to phrase for professionals, largely because freight brokers mainly work with trucks. So, yes, a 'truck broker' is just another name for a freight broker.
April 1, 2024