The scramble for container capacity is growing even more intense
Intermodal shipping is dominated by the largest shippers in the U.S. and operates on a more static network, which gains higher cost efficiency than trucking over longer-mileage runs.
The import boom appears far from over, and it will have implications long after this wave of unprecedented orders subsides.
Even a full U.S.-China trade deal might not stop shippers moving production out of China. But is the U.S. a realistic option?
Shippers believe container line consortia are anti-competitive and lack transparency.
Capacity cuts by lines and higher bunker surcharges as IMO 2020 low sulfur fuels are phased in are fueling box freight rate inflation.