Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
The FMC orders Hamburg Süd to pay OJ Commerce $9.8 million for refusing cargo space, breaching US Shipping Act's anti-retaliation provision.
The US Federal Maritime Commission (FMC) has ordered Maersk-owned operator Hamburg Süd to pay US furniture shipper OJ Commerce (OJC) $9.8 million after it denied contracted cargo space to the company. The FMC ruled that Hamburg Süd violated provision 41104(a)(10) of the US Shipping Act, which prohibits carriers from refusing cargo space in retaliation against a shipper for filing a complaint. Evidence showed that Hamburg Süd knowingly denied space for OJC's containers as a retaliatory move for potential litigation.
Source: The Load Star
Hamburg Sud hit with $10 million FMC judgment in shipper retaliation case...The carrier was found to have willfully engaged in retaliation against a Florida-based retailer who had sought relief for $40,000 in container detention fees: https://t.co/vKJVGmUt7J pic.twitter.com/tjmTWDbKGK
— JOC (@JOC_Updates) June 7, 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.
Subscribe to our free tri-weekly newsletter for the latest in freight news and entertainment.
