• Federal ESC System Mandate Begins August 1st (05/12/17)
    On August 1, 2017 a federal mandate begins the requirement for all new trucks to be equipped with an electronic stability control (ESC) system. While the rule (developed by the NHTSA) does not require existing equipment be upgraded with ESC, Fleet Owner reports today that, “an estimated 35% to 40% of new trucks being produced today include the system.” ESC is expected to reduce rollover and jackknife occurrences, with studies also indicating a dramatic reduction in rear-end crashes by about 70%. (More at: fleetowner.com/news)
  • Yang Ming to Announce Investors by June 2017 (05/02/17)
    Today, Yang Ming released a News Bulletin/ Customer Advisory clarifying recent information out in the industry about their upcoming resumption of stock trading on May 4. As this occurs on Thursday this week, they state in the advisory that their shares are expected to “trade at a value exceeding twice its value before the suspension”. Yang Ming also explained that they would announce the names of most recent investors for the “2nd stage of its recapitalization by June 2017”, as well as further details. (See: http://www.yangming.com/news/)
  • Yang Ming to Restart Stock Trading May 4th (04/28/17)
    Early this month, Yang Ming released a customer advisory explaining that “the historic bankruptcy of a former alliance partner left as fallout numerous collateral issues which Yang Ming had to address” but also stated that the company “is not in default of any vendor obligations, large or small.” However, Yang Ming took a serious step and suspended its stock trading (Taiwanese exchange) on April 20 until May 4th. Now JOC has reported this past Wednesday that Yang Ming is set to announce new investors on the May 4th restart of its stock trading. (References: https://www.yangming.com/news; http://www.joc.com/maritime-news)

Parsifal Enhances PAS™ Audit System Technology

Parsifal Corporation continues to enhance their technology edge in the industry. Parsifal has developed and released an upgraded version of its Audit Technology, PAS™ V. 7.0 which provides the entry/upload of Line Item Details into the Parsifal Audit System (PAS™). This upgrade option allows clients to data mine at a new level and transparency with seeing supplier and geographic trending of various accessorial charges (i.e., who charges shuttles more often, etc.).

Parsifal 2017 Exhibitions Link
Tuesday, March 14, 2017
Innovation & Excellence Awards Link
Thursday, January 26, 2017
PAS Enhanced Link
Thursday, December 1, 2016

Standards, Guidelines and More

Stay up-to-date with the latest industry standards and guidelines. Please feel free to download the PDF's below: