Weekly discussion and analysis on the trends in the intermodal spot rate market. The InTek intermodal spot rate index increased 0.7% from the prior week.
Class I Railroads provide crucial supply chain services for shippers across North America via two distinct services. Both rail services have specific target shippers and markets.
Everything you need to know about domestic intermodal and how to be successful implementing it into your logistics strategy. Gives tips, tricks and insights on intermodal and what to watch out for when converting from truckload to intermodal.
The logistics industry has developed a word or acronym for just about every situation and the one we are addressing in this article is peak.
Managing outbound LA freight traffic has always been an issue during peak, but since June 2020 the challenges of limited capacity and escalating pricing has been a constant problem for all freight modes.
Let’s face it, the freight audit and pay process is one of the least favorite tasks within the logistics industry. One would think moving freight from anywhere in the country to anywhere in the country on any given day comes with challenges that would never approach paying a bill, but that is just not the case.
Shippers all across the US are struggling to meet the demands their supply chains are requiring to bring products from the western port cities to the interior of the US to meet their consumer orders.
If you are struggling to find outbound freight capacity from Los Angeles, you are not alone. Shippers all across the US are struggling to meet the demands their supply chains are requiring to bring products from the western port cities to the interior of the US to meet their consumer orders.
We are living in unprecedented times with the world slowly recovering from the COVID-19 global pandemic. The effects on supply chains have been felt far and wide with demand coming in different forms of consumer purchases favoring goods over services and online buying. As a result, the freight network is out of balance, and demand for trucks to move product is significantly higher than the supply motor carriers, freight brokers and logistics companies have to service the requirements, which has truckload pricing at all-time highs.
For three of the last four years, shippers have been struggling with 53’ freight capacity challenges brought on by weather disruptions, economic swings, labor shortages, equipment shortages and the COVID19 global pandemic.
It is not new news that shippers all across the US are struggling to find cost competitive 53’ OTR truckload and domestic intermodal freight capacity to move their products. The struggle of shippers’ demand outstriping freight providers’ supply is best illustrated in the elevated truckload spot rate market, which is one of the best market examples of the law of supply and demand that indicates prices rise when there is greater demand for a product or service than supply.