Korean Shipping Firms Hit Slump

South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. and national flag carrier Hyundai Merchant Marine posted weak results in the second quarter, raising concerns about their future business despite repeated state bailouts.
 Second-quarter net profit at DSME, the world's third largest shipbuilder by capacity, slumped 80% from a year ago to $183 million, despite a raft of orders, mostly tankers, since the start of the year.

America has a massive truck driver shortage. Here’s why few want an $80,000 job

America has a massive shortage of truck drivers. Joyce Brenny, head of Brenny Transportation in Minnesota, increased driver pay 15 percent this year to try to attract more drivers. Many of her drivers now earn $80,000, she says, yet she still can't find enough people for the job.

Logistics, Transportation & Supply Chain Industry Glossary

10-K (10K): An annual report providing a comprehensive overview of the state of a company's business. The SEC requires that it be filed by 90 days after fiscal year end. A 10Q report is filed on a quarterly basis.                              

3PF (Third-Party Fulfillment): See "Third-Party Fulfillment."                            

3PL (Third-Party Logistics): See "Third-Party Logistics."