For the first time in three years, the allowable driver per diem is going up. The Internal Revenue Service said the per diem for transportation workers in the 2021-22 period will be rising to $69 for travel in the continental U.S. and up to $74 for travel outside the continental U.S. Both figures represent an […]
As I have been stressing, we are likely to see capacity constraints continue well into 2022 and 2023. The recent outbreak of the Delta variant of COVID in Asia is shutting down factories and ports. This will only add to the back log of products being shipped to North America. While ocean containers are waiting […]
September 2021 Reading Time: 5 minutes Q3 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 • Tight capacity forecast through 2022 • Upward pressure on pricing for […]
Congestion at other West Coast ports has caused an increasing number of ships to use the Port of Portland in hopes of being unloaded quicker and being able to return to Asia for more goods during the 2021 peak season. Portland is the leading port on the U.S. West Coast for exports. It is also […]
The Port of New Orleans (Port NOLA) has awarded a $4 million contract to HDR Engineering Inc. as part of the multiyear due diligence and permitting process for the new Louisiana International Terminal container facility. As part of HDR’s three-year program management and control services contract with Port NOLA, the company will provide: terminal operation and […]
The Port of Corpus Christi and the Texas General Land Office (GLO) have announced an agreement to develop carbon storage solutions in the Coastal Bend region along the Gulf of Mexico. The partnership aims to build infrastructure that will capture and permanently store carbon dioxide produced during oil and natural gas development in the Corpus Christi […]
Murphy’s law states that if something can go wrong, it will. Murphy never informed us that everything would go wrong all at once. Even the biggest pessimist couldn’t have predicted the scale of the supply chain issues that plague us today, but that doesn’t change the reality. The supply chain didn’t just fracture a pinky […]
FIRESIDE CHAT TOPIC: How to grapple with peak season traffic at the port DETAILS: Many U.S. ports are struggling under the extreme import loads. Yet Virginia has largely avoided heavy congestion. How has it done that? SPEAKERS: Stephen Edwards, CEO and executive director, Virginia Port Authority, and Henry Byers, maritime market expert, FreightWaves BIO: Edwards directs and manages […]
Hello, FreightWaves Community, Over the past few weeks, we have been monitoring the evolving situation with the spread of COVID-19 and the delta variant. Rising cases and hospitalizations, along with guidance from local health officials, have made it necessary to re-evaluate our plans to return to in-person events. As many of you know, the Future […]
Colonial Pipeline Co., a vital fuel transporter in the Southeast U.S., has restored operations following a temporary shutdown during Hurricane Ida, likely alleviating concerns about a new round of gas shortages in the region. The Colonial Pipeline Co. said Aug. 31 that it had restored service on two lines running from Houston to Greensboro, N.C., […]
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