Panama spread hits all-time high as shippers flee to east coast
Shippers are desperately trying to find a way to get their freight into the U.S. The peak impacts to surface transportation may be in the future.
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Shippers are desperately trying to find a way to get their freight into the U.S. The peak impacts to surface transportation may be in the future.
Shippers continue to struggle to find a reliable way to get freight into the U.S., which is causing major changes to surface transportation patterns.
Will rising warehouse and inventory costs feed trucking demand? Shrinking warehouse capacity makes high inventory levels less economical option for shippers Chart of the Week: Logistics Managers Index – Inventory Levels, Warehouse Capacity SONAR:LMI.INVC, LMI.WHCP Inventory costs are growing at the fastest rate in years while warehouse capacity continues to shrink at a near record pace, according to the Logistics Managers Index (LMI). In 2019 shippers crammed warehouses with imports to get around tariffs, coinciding with a slowdown in the freight market. Could rapidly increasing warehous...
Empty-container rush signals worst yet to come for shipping community Los Angeles inbound empty international containers have surpassed loaded volumes for first time since early 2019 Chart of the Week: Inbound International Rail Container Volume (Loaded, Empty) – Los Angeles SONAR:IRAILINTL.LAX, IRAILINTE.LAX For the first time in the rail container volume index history, nonholiday empty containers outnumber the loaded container volumes heading into Los Angeles. This occurred briefly at the beginning of 2019 around New Year’s when the trade war with China was escalating. Empty intern...
Freight boom is not without downsides for carriers Driver recruiting issues are limiting growth while costs of operating grow once again 0 15 3 minutes read Chart of the Week: Insurance Expense % – Dry Van Company and Leased Fleet, Driver to non-Driver Ratio – Dry Van Company and Leased Fleet SONAR: INSURE.VCFOO, DRRAT.VCFOO Driver recruiting problems are limiting carrier growth while the cost of operating is growing at a faster rate than ever. A similar scenario played out at the end of the 2017-18 freight boom. Cost inflation from insurance, maintenance, equipment and wages laste...