No end to US freight ‘recession’ yet, despite rising truck rates
Shrinking capacity is pushing freight to fewer motor carriers and raising trucking rates, but data suggests a real freight recovery hasn’t begun.
Shrinking capacity is pushing freight to fewer motor carriers and raising trucking rates, but data suggests a real freight recovery hasn’t begun.
Changing market dynamics can produce more frequent and extreme swings in freight rates, raising potential average returns for carriers even when oversupply weighs on the market, Vincent Clerc says.
A third of deep-sea traffic that had been diverted since Houthi militant attacks began in late 2023 has now returned to shorter Red Sea voyages, but don’t expect that to show up in freight pricing, says the analyst.
In a parallel move, another outreach will give $5 million toward new charging stations.
“Welcome to the life of a supply chain person at Dell. This is what we do, chasing parts. We love it,” COO Jeffrey Clarke said.
The acid test of dedication to hub-and-spoke systems is how many mainline ports are served when there is a magnetic pull to serve more local markets directly, writes Jeremy Masters.
Swire and SAL have confirmed deals to secure more ships in a bid to meet expected rising demand for project cargoes.
The company plans to source 80% of parts for vehicle manufacturing in the region from local suppliers by 2030, President and CEO José Muñoz said.
Cargo owners want more details on why carriers feel confident that it is safe to send fully laden vessels through the Red Sea despite ongoing security risks, the Global Shippers Forum says.
The volume of companies’ duty payments to the federal government remains far above the pre-2025 norm, according to a recent JPMorganChase Institute analysis.