Freight Market Update | Week 20
National Industrial Transportation League Fighting for Shipping Act Update
A U.S. shipper group sent a letter to Congress urging them for more oversight of ocean transportation in a letter to Congress on Wednesday, May 19, 2021. The group said the current system has caused severe delays and cost importers and exporters. The National Industrial Transportation League (NITL) has proposed [...]
The Mississippi River has Reopened, yet the Interstate 40 Bridge Remains Closed
Last Friday, May 14th, the Mississippi River reopened after all traffic was stopped three days earlier, due to a crack found on the Interstate 40 bridge. The shutdown led to a pileup of about 1,000 barges, impeding shipments of goods such as corn and soybeans as well as imported steel [...]
Disruptions at the Port of Montreal Continue to affect North American Supply Chains
Over the weekend, Montreal port employers stated that they would not pay full salaries to longshore workers, in response to the 11% drop in tonnage processed last month, as shippers have continued to divert their cargo away from Canada’s second-largest port. Meanwhile, other North American ports have been handling double-digit [...]