Trucking Jobs Affected by Freight Levels
Driver recruitment is predicted to slow into the first quarter of 2023 as freight demand continues to return back to pre-pandemic levels. With the previous efforts to raise compensation in order to entice drivers to stay in their jobs, as well as to appeal to new drivers, trucking companies anticipate allocating funds away from recruiting […]
The Newest Way to Measure Supply Pressure
There is a new way to measure supply chain issues that are partially to blame for consumer price inflation: The Global Supply Chain Pressure Index (GSCPI). Researchers at the New York Federal Reserve invented this new calculation system using over 25 indicators, including, though not limited to, the Baltic Dry Index (BDI) and Harpex index. […]
Proposals to Update Shipping Act
Congressmen John Garamendi and Dusty Johnson introduced legislation on August 11th, 2021, in the House of Representatives that would reform the Shipping Act. Shippers and U.S. exporters, specifically, called for the legislation to be reviewed and updated to help protect them from fees and to help ensure capacity. Federal Maritime Commission Chairman Daniel Maffei, a […]
