“Don’t bet against LA,” was the message from Port of Los Angeles Executive Director Gene Seroka following the steep decline in imports, according to the AJOT. A softening in consumer demand, a loss of cargo to East and Gulf coast ports, and the stalled dockworker contract negotiations between the International Longshore and Warehouse Union (ILWU)…
On a recent DAT Freight & Analytics iQ show, Dustin Jalbert from Fastmarkets discussed the 2023 economic outlook for the lumber and housing construction industry. Here’s part of the interview with Ken Adamo, Chief of Analytics, and Dean Croke, Principal Market Analyst. Dean Croke: Flatbed and dry van carriers have benefited substantially from the housing…
Fastmarkets report a record-setting surge in Southern Pine exports to Mexico propelled total U.S. softwood lumber shipments to a 30-year high in 2022. Shipments of all species to Mexico climbed to 385 million board feet last year, up 8% from 2021 and the third-highest annual total on record. For the first time since 2016, Mexico…
Tyson Foods, Inc. (TSN), one of the world’s largest food companies and a recognized leader in protein with brands including Tyson, Jimmy Dean, and Ball Park, reported lower earnings in the first quarter due to falling beef and pork sales. Chris Casey at Fooddive reports, “In a call with analysts, CEO Donnie King said supply…