Recent developments in the post-Michael cleanup:
Two days after Hurricane Michael roared ashore in Florida, there is good news for truckers. Interstate 10 is completely open in Florida, according to this report and a tweet from Florida Gov. Rick Scott.
There has been significant damage to Georgia crops, possibly setting up a downturn in trucking demand for agricultural products. Given that little of it had been harvested, the timing of the storm is being seen as the “worst possible time” for farmers. This news report refers to it as “total devastation.”
A spur of the Colonial Pipeline has been closed. Line 17, which moves products into terminals in the Georgia cities of Americus, Albany and Bainbridge, is closed. But the main spur, which takes oil products from the Gulf of Mexico through the southeast and mid-Atlantic, was not affected by the storm.
Power outages are being rapidly repaired in Florida and Georgia, according to poweroutage.us. The number of outages in Florida was less than 300,000 at approximately 7:30 a.m. this morning. In Georgia, it was about 170,000. Those are both down significantly from the levels of the prior day, when they were above 200,000 in Georgia and 300,000 in Florida. But both Virginia and North Carolina are straddling 500,000 outages.
Ottawa aims to protect domestic businesses from high costs of tit-for-tat trade dispute with Washington.
Today on FreightWaves NOW, Market Expert Donny Gilbert gives us the national overview of volumes and rates. Sultan of SONAR, Zach Strickland hits on a theme related to seasonality especially from what’s happening in L.A.
In light of declining newspaper readership and the need to reduce costs, PCF is looking to parcel delivery providers as an alternative to traditional delivery methods. Download this complimentary white paper to read about the challenges that have led to this potential game-changer for the newspaper industry, as well as how PCF is using their logistics acumen and state-of-the-art technology to maximize reach for the newspaper industry.
Feds have exempted Wing Aviation from a block of regulations clearing way for an operating permit.
What the Truck is going on in all things freight this week? Weekly Market Update: J.B. Hunt misses analysts’ first quarter earnings and revenue estimates. Truckload carriers' first quarter results don't appear to be in jeopardy after the J.B. Hunt report. Marten Transport reports best-ever net increase of more than 30 percent in first quarter of 2019. What gets hauled to Vegas, stays in Vegas.And then on to the freight tech headlines of the week.
Coretex supplies fleet management solutions. Known for its refrigerated trailing monitoring capabilities, the company has recently expanded more into the cab with a new ELD and other services.
Peterbilt Motor Company has pledged at least $25,000 in support of the Women in Trucking Association (WIT), becoming the organization's newest gold member and expanding the existing partnership between the two.
Plus: Carbon offset accounting errors, food stamp recipients qualify for online delivery and Clarks overhauls its supply chain.
Volumes are flat year-over-year, and after a brief period of disruption the freight market has stabilized. Container volumes that have fueled the port cities freight, may be due to soften in the coming months.
An overview of blank sailing and how it can affect your shipments.