Costco

DSV sticks with ship chartering to bring Vietnamese goods to US

DSV continues to charter ships to overcome the shipping capacity shortage, with vessels heading from Vietnam to the US.
The Danish forwarder has chartered the multipurpose Lila Mumbai, which has 1,864 teu of container capacity, from Greek owner Pontos Marine.
It arrived at SP-PSA International Port in Phu My, Vietnam, on Monday and departed for Busan on Tuesday, with its arrival expected on Sunday, from where Lila Mumbai will sail to the …

The post DSV sticks with ship chartering to bring...

https://theloadstar.com/dsv-sticks-with-ship-chartering-to-bring-vietnamese-goods-to-us/

Viewpoint: The chartering of goods and the return on investment

This commentary was written by Lori Ann LaRocco. The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

By Lori Ann LaRocco

We all know some of the biggest kings in retail have been publicly talking about the contracting of charter vessels. The price is inflated so just like using airfreight, businesses have to justify the expenses. With an all-in of around $7 million, companies need to make sure they will see a return...

https://www.freightwaves.com/news/viewpoint-the-chartering-of-goods-and-the-return-on-investment

AEO’s acquisition of AirTerra melds separate parcel delivery visions

It took about 10 years for logistics industry veteran Brent Beabout to develop the concept behind AirTerra Inc., a Seattle-based parcel-delivery company that he founded in August 2020. But it took just 10 months in business for AirTerra to be acquired, and the company was taken out before it ever moved a package.

The unusual chain of events has history behind it. Several years ago, Beabout (pictured) and Shekar Natarajan, chief supply chain officer of Pittsburgh-based retailer AEO Inc. (NYSE:AEO)

https://www.freightwaves.com/news/aeos-acquisition-of-airterra-melds-separate-parcel-delivery-visions

Rent-a-ship: Costco hires vessels for urgent deliveries

Front entrance to Costco Wholesale store.

Add Costco Wholesale Corp. to the list of desperate retailers renting entire vessels to  bypass clogged ocean shipping networks and avoid stockouts of popular items as the Christmas shopping season quickly approaches.

The Issaquah, Washington-based company has chartered three small ocean vessels for a year and leased several thousand containers to move export merchandise from Asia to the U.S. and Canada, Chief Financial Officer Richard Galanti said during Thursday’s fourth-quarter earnings call...

https://www.freightwaves.com/news/rent-a-ship-costco-hires-vessels-for-urgent-deliveries

C.H. Robinson seeks to make 9th Circuit fall guy in liability fight

Freight brokerage giant C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) faces an uphill battle convincing the U.S. Supreme Court to settle the issue of broker liability for damages resulting from accidents involving a trucker hired by the broker but purportedly not under the broker’s employ or control. The high court reviews just 1% to 3% of the 10,000 or so petitions filed with it each year. What’s more, the justices typically focus on cases where they can resolve conflicting opinions among the 13...

https://www.freightwaves.com/news/ch-robinson-seeks-to-make-9th-circuit-fall-guy-in-liability-fight

Ransomware attack on EDI provider highlights cyber risks in supply chain

A graphic illustration of boxes coming out of a laptop screen to illustrate how an EDI system works. An EDI provider was targeted in a ransomware attack recently.

A ransomware attack has targeted an electronic data interchange (EDI) provider that works with some of the largest shippers in North America and IBM’s supply chain network. The incident highlights the potential vulnerabilities of the most widely used type of technology that businesses use to communicate information about freight.

The CEO and owner of Canada-based Faxinating Solutions, Steve Hatajlo, disclosed the attack to FreightWaves after the Conti ransomware gang posted 15 files to a leak...

https://www.freightwaves.com/news/ransomware-attack-on-edi-provider-highlights-cyber-risks-in-supply-chain

FreightWaves LIVE @HOME: Truckers praise Driver Appreciation Award winners

What makes a driver feel appreciated?

Clean bathrooms, water, snacks, short wait times and simple courtesy are what many drivers responded to on the survey by FreightWaves for its Driver Appreciation Award.

Winners were named Wednesday for the Driver Appreciation Award during FreightWaves LIVE @HOME. The winners of the driver appreciation survey highlights leaders in the supply chain who value and respect truckers.

In alphabetical order, the companies that went above and beyond to make drivers...

https://www.freightwaves.com/news/freightwaves-live-home-truckers-praise-driver-appreciation-award-winners