Sea-Intelligence Maritime Analysis said the typical delay for a late-arriving container ship ticked up in the second quarter due to service changes brought on by the closure of the strait.
The nearly $20 billion plan represents a pivot by the carrier away from ordering ultra-large container ships.
LTL rates are rising in a mid-single-digit range as shipments got heavier and more frequent throughout the second quarter, carrier executives say.
The deal would provide Canadian National with access to shipper sites that would face reduced Class I railroad offerings, pending STB approval.
The reduction of two percentage points runs counter to the fuel fee increases other parcel carriers have installed in recent quarters.
The regional grocer is moving away from self-operated facilities and is actively developing long-term plans for the Missouri site, set to close in 2027.
The facility, which will service the southeastern U.S., is expected to start operations in early 2027 and create over 200 jobs.
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The funding will spur local infrastructure development at three of the 36 logistics hubs that the TradePort Corridor System aims to connect.
