The United Parcel Service operation is affected by governmental action and political challenges and therefore, determine the company’s financial standing through opportunities and threats. A direct implication is through the transportation operating costs provided to customers. The courier company allocates shipping expenses among big competitors such as Federal Express (FedEx) and DHL. The government creates the rules and dictates to a certain extent the standards of each competitors. Periodically, the government will modify these rules and standards convincing companies to change the way they work.…
The trucking industry has gone through, and continues to go through, some of the most difficult times since the Motor Carrier Regulatory Reform and Modernization Act of 1980. There are five key events that are occurring simultaneously: skyrocketing fuel prices, major reductions in economic activity, massively changing supply chains, falling US dollar, significant pockets of debt secured by trucking assets. The rapid increases in the price for fuel can have been causing a delayed and devastating effect on freight management companies. With the sudden fall of fuel cost, it could result in short-term boosts in profit and a surge of competition within the market to provide consumers with the lowest price.…
Article Assignment #1 In his article “Escalating Transportation Rates Could Trouble Farmers, Increase Consumer Food Prices,” Logan Hawkes discusses the current rise in shipping costs for agricultural goods, as well as the financial “burden” this may place on producers and consumers throughout the US. In the last month, growers from different regions in the West Coast have seen a significant increase in the price of truck shipments to the East Coast. Hawkes notes that the price for a truckload of perishable items traveling from Washington to New York rose by nearly fourteen percent in a period of two weeks during January (from $8,450 to $10,000). Individuals in the trucking industry also warn that these prices may continue to grow in the months…
Trucks are not arranged at my end. I handle drivers part only, and new owner operator’s vehicles are managed by Marsha. She enrols them as soon her file is intact. I have always suggested which rate/program they are employed upon. For instance, today’s hires H6695 & H6696 were hired on US Regional Owner Operator BID.…
Keeping safe tires on your semi-truck is an essential. After all, it can be incredibly dangerous to operate a semi-truck that does not have good tires, and you could find that your fuel economy is significantly reduced as well, which can drive up the cost of doing business. If your semi-truck's tires are worn out, you could be thinking that it's time to buy a new set. However, there is one other option that you might want to look into instead: having your tires retreaded. These are some of the reasons to consider retreading your semi-truck's tires rather than replacing them.…
For business owners who think factoring companies are a hindrance to profitability, it might pay to re-examine the situation because these days many trucking and transportation companies are using freight bill factoring as part of their regular business operations. New generation factoring companies are now helping fleets stay on the road by offering specialized products and services which meet the many demands of the freight transportation industry. Waiting 30 to 90 days to be paid by your customers can have a detrimental effect on the cash flow of any carrier. A reputable invoice factoring company, especially one who specializes in the trucking industry such as ACCUTRAC capital, provides access to credit information which enables you to…
During that time trucking will increase its share of the freight pool because trucks dominate the transportation of general commodities, and those will continue to grow at a faster rate than bulk commodities. By revenue, food and food products, lumber or wood products, as well as petroleum or coal account for 34.8 percent of truck traffic. By volume, clay, glass, concrete and stone, farm products, as well as petroleum and coal account for 35.6 percent of truck traffic. Additionally, per the report, a resurgence in housing and construction from 2014 to 2016 will also help support freight tonnage growth of 16.6% from 2014 to…
Shippers who have large volumes of freight that must travel over long distances depend on railroads to deliver their goods and materials. This is because railroads are the most efficient form of land transportation. One railcar can hold the equivalent of roughly four truck loads. Additionally, one train can haul the equivalent of over 400 trucks. In order to move 400 trucks on the road, it would require 400 drivers compared to the two engineers that could run one train.…
Industrial or bulk shipping for commodities, 4. Tanker shipping for natural gas, oil and chemicals. There are many significant factors that affect the container shipping in industry. First are the costs, fixed costs and the bunker costs, Container shipping industry need to consider about the high cost, especially the fixed cost and the fuel cost, fixed cost is so high due to the asset-intensive and vessel expenses, in the same time, fuel cost could be 20%- 40% of cash operating cost. Second is customers, how to contain…
Critical Infrastructure (CI) is very important because the nation relies on it to carry out its essential activities. Since there are many essential activities that must be carry out at all times across the nation, CI has been divided into 16 different CI sectors (Department of Homeland Security, 2017). While each sector is different and perform different functions, all CI sectors are interdependent. That means that each CI sector relies on the functions of other CI sector(s) in order to be able to carry out their functions. That is why all CI Sectors are equally important because the disruption of one CI sector could also lead to the disruption of another or multiple CI sectors.…
Great truck drivers don’t try to get away cheaply but rather give true value for the money that employers and customers spend with them. They don’t fudge on aspects of laws and regulations, either. Great drivers know that in taking shortcuts they are ultimately cheating themselves of the satisfaction of having done the job right, completely, legally and…
Trans-Shipment Container Management in the Port of Piraeus Theodoros Koromilas ABSTRACT As a mainly trans-shipment container port, the container terminal of the port of Piraeus has as a primary goal to provide equipment and facilities to deliver efficient and professional service. The commercial port of Piraeus consists of three (3) container terminals, of which one (1), Terminal I, is being operated Piraeus Port Authority S.A. (P.P.A) and two (2), Terminal II and III by the Piraeus Container Terminal S.A. (P.C.T.), which is a subsidiary of COSCO Pacific. Head offices are located behind their terminals for each organization.…
What are the different transportation modes in the United States? The transportation refers to a wide range of systems that transport good, materials and people through the United States and the World. Disruption to any of the modes of transportation in the network causes hardship for those affected.…
(2009). Expert has predicted that the market for budget truck is wide-open with all the developing countries requiring trucks in the near future and all the leading European brands of trucks merely have premium product line in their hand. Hence, anyone that can produce a budget truck line is going to land big on the developing countries and has the potential to eat a huge portion out of the market share of said…
The maritime industry since the beginning of recorded time has been the focal point for transportation of goods around the world. It is the most economical and environmentally friendly way to transport large goods throughout the world. Today, around 90% of world trade is carried by the maritime industry. Around 50,000 merchant ships, registered in over 150 nations and manned by over a million seafarers of nearly every nationality, transport every kind of cargo internationally.…