Plus, two trucking firms close, harassment claims at TIA conference, a 19.5% week-over-week drop in spot loads, and more.
Here’s a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
From West Coast wins to Gulf Coast fog delays, the country’s top gateways are telling very different stories.
October sees robust intermodal container rebound with 745,500 units, signaling market recovery and fluidity.
The Intermodal Association of North America reported a significant rebound in domestic intermodal container volume with 745,500 units in October, indicating a stronger recovery than expected. This uptick to 1.43 million units for September and October combined surpasses 2022's figures and approaches the 2020 peak, leading to an improved forecast with only a 1.5% to 2% decline for the year, better than earlier predictions. Despite this growth, the impact on Q1 pricing is uncertain, but there's optimism for a potential intermodal pricing reset in 2024. Fluidity has also increased, evidenced by steady box turns despite a percentage of containers being stacked.
Source: Ari Ashe
Walmart’s intermodal fleet, consisting of 14,100 53-foot containers, will now be managed by J.B. Hunt.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
