July Transportation Market Overview 2021
How was July 2021?
We’ve seen the Ever Given run ashore in the Suez Canal causing significant disruption in the ocean space (that vessel just arrived in Rotterdam 4 months after the original ETA), a Covid outbreak in Yantian, a new outbreak in Vietnam, a typhoon knock Shanghai/Ningbo offline for a weekend, devasting floods in Europe, civil unrest in South Africa which caused the port of Durban to close, and wildfires here in the states which is crippling IMDL traffic in the Pacific Northwest. Just incredible.
On the domestic side, both dry vans and reefers continue to run tight in terms of capacity with rates remaining elevated. Volumes remain high and with import volumes remaining elevated and domestic manufacturing continuing it’s bull run, there’s no foreseeable light at the end of the tunnel in 2021. The UP stopped moving containers for a week in SoCal for boxes moving to Chicago. Rail dwell time in SoCal is around two weeks, and rail dwell time in Chicago is 2-3 weeks. Due to the UP not moving containers, we are seeing the number of vessels at anchor rise again.
The LTL space remains significantly tight as well-no relief there at all. New activity in the M&A space-check out the details in the attached report.
Uber Freight recognizes the importance of managed transportation.
Uber Freight has aquired Transplace for $2.25 billion. “The acquisition comes at a time of accelerated transformation in logistics. The demands of a volatile market and the increasing complexity of globalized logistics are clashing with industrial-age transportation technology. In the midst of capacity constraints and escalating transportation costs, shippers are adapting their operations at an increasing pace and looking for technology, support, and solutions that can modernize their supply chain and keep critical goods, and the economy, moving.” - Statement from Lior Ron, head of Uber Freight.
Click the Button above to receive the full transportation market report for July 2021.



