• A Mixed Outlook for the Container Shipping Industry (04/10/19)
    It was reported last week by consultancy Drewry that according to their recently published quarterly, “Container Forecaster”, it is stating that “The container shipping industry is facing an exceptionally high level of uncertainty”. It explained that the issues involved are additional costs related to IMO 2020, the possibility of trade recession, and unknown commitment by ship owners for continued investment in building large vessels. While container port handling is forecasted for growth over the next five years in every region, “supply growth is expected to be below that of demand through 2023”.  (Search “foggy outlook” at: https://www.drewry.co.uk/news-events)
  • Gdansk Port Takeover – Poland’s Largest Container Port (03/22/19)
    Currently the fastest growing container port on the continent, Gdansk Port is in the process of acquisition from foreign firm Macquarie by PSA International, Poland’s sovereign wealth fund PFR, and IMF Investors. The facility is located at “the crossroads of Baltic deep-sea trading routes”, and the only Baltic terminal with capabilities to handle Ultra Large Container Vessels (UCLVs). With an annual throughput capacity of 1.9 million TEU, the Gdansk port final sale will top over US $1.3 billion. (For more, search ‘Gdansk’ at https://www.porttechnology.org/)
  • US Driver Turnover Reduced By Pay Increases (03/18/19)
    In a press release last week, Chief Economist for the American Trucking Associations (ATA), Bob Costello stated that, “The driver market continues to be tight, but not quite as much as the middle of 2018. The overall trend late last year was that turnover is slowing”. For large fleet carriers (over $30 million in revenue) the turnover rate for the fourth quarter of 2018 was 10 points lower (down to 78%) as compared to the same quarter in 2017. While Mr. Costello indicated that this trend could be due to several reasons, it is probably at least partially caused by increased pay to drivers. (Full press release at ATA News: https://www.trucking.org/Home.aspx)

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 at 2018 Worldwide ERC® Symposium Link
Thursday, October 11, 2018
Parsifal Pilots New Technology-ReloSnap_9-6-18 Link
Thursday, September 6, 2018
Parsifal Exhibiting at SHRM2018 Chicago Link
Thursday, June 14, 2018

Standards, Guidelines and More

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