Plus, electric trucks are costing more to operate than anticipated, Peloton claims Flexport cost them millions, and a truck driver passed out after police found cocaine in his cab.
Despite a shaky start in April, late-month improvements in freight metrics suggest potential for a boom within the next year.
Peloton alleges Flexport's inefficiencies led to millions in unfair detention and demurrage charges.
Following multimillion-dollar filings against shipping lines OOCL and Yan Ming, the bankrupted BBBY now targets giant MSC.
In a bold legal move, Bed Bath & Beyond's bankruptcy estate files a heavy $316 million claim against Mediterranean Shipping Co. (MSC), the world's largest ocean carrier, alleging significant damages and seeking double due to purportedly willful misconduct.
BBBY accuses MSC of coercing extracontractual surcharges, leading to overpayment, and unjust detention and demurrage charges amid unavoidable port congestion. MSC refutes all allegations, setting the stage for a landmark shipping law dispute. This lawsuit could redefine carrier-shipper dynamics and ripple through the logistics industry.
Source: FreightWaves
Bankruptcy estate of Bed Bath & Beyond alleges it suffered $158 million in damages from MSC’s actions during the supply chain crisis, and is seeking double damages due to alleged “willful retaliatory conduct.” https://t.co/XD5lpbPhgq
— American Shipper (@AmericanShipper) November 28, 2023
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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