Panama spread hits all-time high as shippers flee to east coast
Shippers are desperately trying to find a way to get their freight into the U.S. The peak impacts to surface transportation may be in the future.
Shippers are desperately trying to find a way to get their freight into the U.S. The peak impacts to surface transportation may be in the future.
Shippers may have had a little more success with contracted carriers in May, but it came at a high cost.
Shippers continue to struggle to find a reliable way to get freight into the U.S., which is causing major changes to surface transportation patterns.
In 2019 shippers crammed warehouses full of inventory coinciding with a stagnant freight market. As warehousing capacity tightens, could this contribute to the already tight transportation space?
The industrial sector is trying to recover faster than transportation can react. There are numerous factors limiting the economic recovery, illustrating that it is harder to turn production back on than off.