Stay informed about freight market conditions and other factors that can impact your supply chain. In this Market Update, we cover the following: Truckload, Less-Than-Truckload, Intermodal and International (Ocean & Air). MARKET UPDATE OVERVIEW The Coronavirus (COVID-19) threw a level of uncertainty into 2020 for the transportation industry with ongoing constraints into 2021. Although our […]
More than 340 toll facilities operate in the U.S., generating billions of dollars every year. While much of this toll revenue comes from truck fleets, carriers can take a few simple steps to save time and reduce toll expenses. Between 2009 and 2018, the Consumer Price Index (the federal government’s primary gauge of inflation) increased […]
A massive piece of machinery that can produce up to 30 million doses of COVID vaccine per month, and help alleviate production bottlenecks, landed Saturday at Chicago Rockford International Airport on a specialized cargo jet. The flight was operated by Russian all-cargo carrier Volga-Dnepr Airlines, Zachary Oakley, deputy director of operations and planning at the […]
The U.S. Department of Transportation (DOT) is laying out $1 billion in the latest round of a competitive grant program that began in 2009 for freight projects. DOT published on Tuesday a Notice of Funding Opportunity to apply for money through the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grants, a renaming of what […]
The Inbound Ocean TEU Volume Index (IOTI), which measures maritime bookings for twenty-foot equivalent units for U.S. imports, is set to hit an all-time high this week. The IOTI starts in January 2019 but covers one of the most active periods in maritime shipping thanks to the pandemic. With imports being tied more closely than […]
Container-shipping spot rates keep bouncing around at stratospheric heights — and show zero signs of sliding back to earth. On some trade lanes, they’re still ascending. Case in point: The formerly sleepy Europe-U.S. trans-Atlantic route just spiked. With fallout from the Ever Given accident in the Suez Canal expected to cut container and vessel availability, […]
El Paso border commercial crossing looks to rebound in 2021 The coronavirus pandemic delivered a heavy hit last year to commercial trade at the United States-Mexico border crossing in El Paso, Texas. Trade at the Port of El Paso fell 62% to $29.2 billion during 2020, compared to $76.6 billion during the same period in […]
The worst conditions will likely happen Tuesday and Wednesday, mainly from west of Denver in Colorado to southern Idaho, western Wyoming, southern Montana and eastern Nevada. Total snow amounts will depend on exact location and elevation, but some areas could see up to 12 inches while other locations get only a few inches. Wind gusts […]
Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that elevated rates in the tight market for seaborne cargo may extend into the second half of the year.
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