Freight Market Update | Week 21
Rail Freight Pileups are a Concern for West Coast Terminals as Peak Volumes Approach
Terminal operators at the ports of Los Angeles and Long Beach are worried that longer rail container dwell times at their facilities will jeopardize their ability to accommodate import volumes during what is expected to be an early peak season this summer. Rail Power Challenges The longer containers sit at [...]
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 [...]