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Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship. A large table was created as result. The same scale is used today, although it was merged with the American Tanker Rate Schedule (ATRS) in 1969.
DAT Freight & Analytics, formerly known as Dial-a-Truck, is a US-based freight exchange service ("load board") and provider of transportation information serving North America. Freight exchange services are used to match material ("loads") that needs to be shipped with over-the-road carriers, which can be hired to move those loads.
The SEC order said that in 2019 UPS determined that its freight division was likely to sell for no more than about $650 million. UPS will pay $45 million to settle charges that it improperly ...
The New York and Atlantic Railway (NY&A) (reporting mark NYA) is a short line railroad on Long Island, within the southeastern portion of the U.S. state of New York.It was formed in 1997 to provide freight service over the tracks of the Long Island Rail Road, a public commuter rail agency which had decided to privatize its freight operations.
In July 2018, the New York City Economic Development Corporation announced a $100 million plan called Freight NYC to improve the flow of freight into and out of New York City. [34] [35] The plan's rail component includes: Constructing up to four new transload facilities in Brooklyn and Queens [34] [35] Constructing more passing sidings [34] [35]
The demurrage sometimes causes a loss to the seller as it increases cost of the total freight. [3] The inverse of demurrage is despatch. If the charterer requires the use of the vessel for less time than the laytime allowed, the charterparty may require the shipowner to pay despatch for the time saved. [citation needed]
Thousands of boxes littering Union Pacific train tracks in downtown Los Angeles attest to a wave of rail thefts that have taken place in recent months, and have worsened supply chain bottlenecks.
Freight cost reports can be generated to compare the freight costs for forwarders and the customers may use such reports to flag out service failures, negotiate for better freight deals or the opportunity to consolidate the shipments to a forwarder for a better rate. Customers can simulate the freight cost calculation for new freight rates or ...