July 2021

Expert analysis on the transportation market

Freight markets across all modes remain challenging with ongoing capacity constraints and rising costs. The ocean market has become the chip leader in terms of disruption. Ocean freight costs continue to rise and, now that we are in peak season, even more surcharges are being pushed back on the shippers (in addition to a general rate increase (GRI) going into effect 8/1). On the domestic side, both dry vans and reefers continue to run tight in terms of capacity with rates remaining elevated. The same challenges are in the LTL space. Volumes remain high and with import volumes remaining elevated and domestic manufacturing continuing its bull run, there’s no foreseeable light at the end of the tunnel in 2021. 

What’s new? 

• Updated format to improve key takeaways
• Deep dive each mode
• The more you know on container production costs and why the U.S. doesn’t produce containers domestically