The South Korean electronics conglomerate said it should not be held liable for more than $1 million in charges resulting from container delays that Wan Hai-contracted truckers experienced between 2020 and 2022.
The retailer aims to leverage artificial intelligence tools alongside its two new facilities to reduce volatility and in-stock issues.
Costs rose sharply following the start of the war, and although emergency fuel surcharges were quickly levied on spot shipments, cargo under contract was locked into quarterly BAFs.
Investing in intelligent software systems is crucial for warehouse operators that employ robotics within their operations.
As multiple “black swan” events have disrupted the flow of goods, companies are increasingly moving away from historical just-in-time inventory management.
The paint brand partnered with ITS Logistics for transport from its Nevada distribution center to circumvent capacity issues.
Ag exporters have always faced logistical challenges because their crops are grown in the interior US and shipped through ports located hundreds of miles away; those challenges seem to be growing, the AgTC conference heard this week.
Rising fuel costs, reliable service and higher rates amid the end of the four-year recession in trucking are helping convert more freight to rail in the eastern US.
The carrier’s first-quarter financials, which included a sharp drop in net profit, were generated in a market roiled by ongoing tensions in the Middle East, rising oil prices and increasing operating costs.
Volumes under contract when the Middle East war began were locked into quarterly bunker fuel adjustments, and those costs are set to be passed on to shippers at the start of the third quarter.
