Less-than-truckload carriers use general rate increases (GRIs) to make adjustments to base rates. The increases are applied to general tariff codes and vary by lane and weight tier. Some LTL pricing agreements with shippers work off a base rate schedule and utilize account-specific negotiated discounts. The base rate will increase when a GRI is taken […]
The fast-spreading variant of COVID-19 likely won’t affect trucking as much as warehousing and aviation, but its indirect impact will put more pressure on already high trucking costs.
The Northwest Seaport Alliance is preparing for additional container and intermodal volumes with the opening Friday of the first phase of Terminal 5 in Seattle.
Increases in spot truckload rates to Chicago from eastern US ports are outpacing rate hikes off the West Coast, as the spot market enters 2022 at record price levels amid “extraordinary” demand.
The Omicron variant of COVID-19 represents yet a further setback for railroads, warehouse operators, and trucking companies to keep workers moving freight.
Tightness throughout the transportation, logistics and warehousing sectors carried through the end of the year, according to a report published Tuesday. The Logistics Managers’ Index (LMI), a survey measuring supply chain activity, registered a reading of 70.1 during December.
Employers and the ILWU fear that the spike in COVID-19 cases that surfaced about two weeks ago in Los Angeles and Long Beach is set to explode over the next two weeks, meaning historic vessel congestion could worsen.
The COVID-19 pandemic continues to hang over the air cargo business, and until regular international travel resumes, shippers will find space in tight supply and rates at elevated levels.
The trans-Atlantic trade will report significant volume growth in 2021 as heavy US demand fills all available capacity and pushes rates to record levels.
Q4 MARKET UPDATE 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). THIS ARTICLE COVERS Surprising trends on rejection levels Continued forecasting for capacity issues Parcel trends from 2021 MARKET UPDATE OVERVIEW Capacity […]
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