When global container shipper A.P. Moller-Maersk A/S announced in June that its critical systems had suffered a cyberattack, a shudder went down the spine of the entire logistics industry. After all, if such a huge entity had been breached to the point that it was forced to shut systems down across its operations, then what… Continue Reading
The chemical industry is currently grappling with increasingly tight capacity for bulk tank trucking caused by the expansion of the chemical industry and an ongoing shortage of qualified drivers. This bulletin below documents the status, outlook, and actions Odyssey is taking, as well as recommendations for shippers to improve their load coverage:
Earlier this month, COSCO Shipping announced that it was purchasing a majority stake in Orient Overseas Container Lines’ (OOCL) parent company. Pending regulatory approvals in the U.S., China, and the European Union, the deal brings together two large carriers that cumulatively control 11.6% of global container capacity, according to Supply Chain Dive. “The weekend announcement… Continue Reading
This week, a massive ransomware attack has hit a number of businesses in Europe and around the world, causing major companies to shut down their computer systems. One of these international companies that is being impacted heavily is the A.P. Moller-Maersk Group, one of the largest ocean carriers in the world. Early this morning, 6/28/2017,… Continue Reading
In July 2016, the Panama Canal officially opened its expanded locks and began allowing the 50-mile waterway to handle vessels roughly 2-1/2 times larger than it could previously accommodate. Since then, the expanded waterway has been setting new tonnage records and exceeding expectations. According to the American Journal of Transportation’s Expanded Panama Canal performance exceeds… Continue Reading
This past Thursday, June 15, 2017, nearly 100 drayage truck drivers and warehouse workers serving the Long Beach/Los Angles Port announced their intent to strike from June 19 – June 23. The disgruntled workers and Teamsters union Local 848 claim their protest is against “greedy corporations to continue to exploit hard-working men and women through… Continue Reading
Intended to help create a safer work environment for drivers, and make it easier and faster to accurately track, manage, and share records of duty status (RODS) data, the electronic logging device (ELD) rule goes into effect on December 18, 2017. According to the FMCSA, the rule replaces the use of AOBRDs (automatic onboard recording… Continue Reading
In Ocean Containership Vessel Sharing Agreements to be Realigned in Q2 2017 – What to Expect?, we provided a snapshot of Vessel Sharing Agreements (VSA) across the ocean carrier community, and compared current vessel-sharing agreements to the new agreements that went into effect in April. At the time, potential challenges for shippers included delays in… Continue Reading
The Commercial Vehicle Safety Alliance’s annual International Roadcheck Week has officially arrived. Between Tuesday, June 6 and Thursday, June 8 CVSA-certified commercial motor vehicle inspectors in jurisdictions throughout North America will conduct inspections of commercial motor vehicles and their drivers.It is estimated that nearly 17 trucks and buses will be be inspected per minute during… Continue Reading
The regulation, an amendment that first became effective July 5, 2016 with mandatory compliance extended to 2017, was proposed to address any undesirable delays in acquiring emergency response information in time-sensitive situations where a first responder would have to first convert letters to numbers. Full details regarding this regulatory change via the associated final rule… Continue Reading
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