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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The competitive landscape in the logistics industry is constantly shifting. Many large freight brokers and contract logistics providers have expanded in recent years through mergers and acquisitions. And new companies and investors have been entering this growing field with their own ideas on how to manage freight transportation more efficiently. At the same time, logistics […]
A record number of ocean containers crossed the docks at the Port of Long Beach in March, further underscoring that there will be no slow season this year at U.S. ports. Earlier this week, the Port of Charleston reported record results for March. The Long Beach port authority on Thursday said its terminals handled 840,387 […]
After half a dozen tornadoes hit Southern states over the past two days, the threat lingers for weekend truckers. Tornadoes moved through Louisiana and Mississippi on Wednesday, followed by one in northeastern Tennessee on Thursday. Most of the twisters damaged homes and other structures, according to National Weather Service (NWS) reports. So far, no injuries […]
U.S. rail volumes in March rose double digits percentage-wise, although some of the year-over-year gains may reflect uneven comparisons because of last year’s pandemic-induced volume downturn. U.S. freight railroads originated nearly 2.59 million carload and intermodal units in March, up 14.2% from March 2020, according to the Association of American Railroads. Of that total, U.S. […]
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