Recent news of vessel and draft restrictions on the Panama Canal due to drought conditions has not affected most shippers — at least not yet — but the resulting queue of container ships waiting to transit the canal does bear watching for importers moving goods into the U.S. for the coming fall and winter seasons,…
Traveling throughout Europe (EU), it’s hard to miss the continent’s largest semi-trailer manufacturer on major highways. Schmitz Cargobull is that manufacturer, with approximately 26% of the market. Krone is next on the list and the most innovative. Together, these two companies account for more than 40% of trailer production in the EU, making technological advancement…
Although the flatbed and specialized carriers market is past peak season, imports of tractors, agricultural machinery, and garden equipment are down 17% y/y and trending close to 2021 levels according to the latest data from IHS Markit. Baltimore is still ranked number one, handling 18.3% of the total tonnage with July volume up 19% y/y…
At $1.68/mile excluding fuel, refrigerated outbound spot rates in Washington state are almost identical to this time in 2019 – but as usual, they are expected to increase at least another 20% by the end of the year. Over the next few months, during late summer and fall, the Pacific Northwest (PNW) produce season ramps…