* formalizing the program to make it easier for carriers to identify
shippers they want to work with; and
Carrier and broker opportunism has been reported as even the strongest relationships are seeing price increases, causing sleepless nights for logistics leadership at most
shippers. There is little relief in the near future, as spot rate strength, rising driver wages, electronic logging device (ELD) costs, capacity impacts and carrier eagerness for better profits will sustain maximum pressure.
In recognition of stong demand the company has launched a separate product called "THC Clone
Shipper" that is specifically designed to meet regulations surrounding the transportation of controlled substance plant.
The transfer process is based on the
shipper's Shipping Order, as above mentioned, and in accordance with article 179(2) of the Maritime Law, which stipulates that:
These credit protections could include a guaranty of an investment-grade parent company if the
shipper is downgraded, the provision of letters of credit, surety bonds or cash deposits to secure payables and termination damages under the contracts, or prepayment requirements.
The creditors and the government have been pressing the
shipper to cut the rates by mid-May, threatening that Hyundai Merchant will be put under court receivership if it fails to produce "meaningful results" from the negotiations.
Mellin described how more information and data should be passed on to
shippers. This data should not just be about pickup/delivery times, but also, for example, data "on when things go wrong." Presumably, this would include more substantive geo-tracking data.
Waggoner described the target company as a business with long experience in serving middle-sized and larger
shippers. Its acquisition will also help Echo Global expand its customer and carrier relationships.
Since under the plain meaning of the Carmack Amendment a
shipper cannot be forced to arbitrate his claims and may choose to sue in one of Carmack's enumerated venues, the Court finds that the AVL's arbitration clause was not enforceable against Smallwood.