Market Report
September 2021
Expert analysis on the transportation market
Lots happening in the Supply Chain space. On the domestic side, capacity remains tight and rates elevated. In the IMDL space, rail providers are reverting to “metering” volumes due to the elevated volume anchored outside of major ocean terminals. Any freight they reject pushes back into the domestic OTR space-putting further pressure on rates and capacity.
On the import side, the entire industry is in disarray. On-time performance for July was a whopping 15%. 70+ vessels at anchor outside of LA/LB and no end in sight. Rolling blackouts in China are impacting production and, although the situation in Vietnam is slowly improving, there are still significant challenges on the origin side.
What's New:
- Market-specific data related to Dry Van and Reefer rejections
- FedEx released their 2022 GRI and it's a doozy
- A breakdown of what happens to a barrel of crude oil
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