Fleet owners

Forward Air announces its largest rate increase for capacity providers

Pay rates continue to step higher as industry struggles to find incremental capacity

Asset-light trucking and logistics provider Forward Air (NASDAQ: FWRD) announced Friday the largest per-mile rate increase in company history for the independent contractor fleet in its less-than-truckload and truckload divisions.

The company implemented an 11-cent-per-mile increase for team owner-operators and a 5-cent increase for individual owner-operators. The increase is part of the company’s efforts to “grow our business in stride with the businesses of our leased capacity providers that...

https://s29755.pcdn.co/news/forward-air-announces-its-largest-rate-increase-for-capacity-providers

New Cargo Policy To Hinder the ‘Demand Drive’ for Ships

  • New cargo support policy for Indian ship-owners may not fetch order in-flows for local yards.
  • Indian built, Indian flagged and Indian owned ships will get top priority when State-owned firms and government departments float tenders to hire ships.
  • Foreign built, Indian flagged and Indian owned ships will get second preference.
  • Indian built, foreign flagged and foreign owned vessels will be third in order of priority.

The Shipping Ministry’s plan to drive demand for ships built in India by...

https://mfame.guru/new-cargo-policy-to-hinder-the-demand-drive-for-ships/

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