Customers from the East Coast to the Midwest who were expecting goods shipped in via the Port of Baltimore could see significant cost increases as a result of Tuesday's collapse of the Francis Scott Key Bridge in Baltimore.
The collapse of Baltimore’s Francis Scott Key Bridge, which severed ocean links to the city’s port, adds a fresh headache to global supply chains already struggling with the effects of war, climate change and higher interest rates.
The bridge collapse Tuesday that shut the Port of Baltimore and closed a major highway will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast as importers and exporters try to avoid potential bottlenecks at trade gateways from Boston to Miami.
The collapse of Baltimore’s Francis Scott Key Bridge, which severed ocean links to the city’s port, adds a fresh headache to global supply chains already struggling with the effects of war, climate change and higher interest rates.
Trucking business exits from the market continue to catch up with a pandemic-induced influx of entrances, but carriers are still yearning for better days.
Carter Vieth of ACT Research explains how private fleet expansion and other factors are keeping the freight market depressed. But he does see brighter days ahead. Also, what do you do if you look at tax forms and other documents, and something doesn’t look right?
Speed limiters, the bathroom bill and AV trucks were just a few topics of discussion during Lewie Pugh’s recent visit to Washington, D.C. Also, truckers are talking with Marty Ellis about problems getting parts and ELD troubles. And DAT is tracking some possible signs of life on the spot market. Could the long-awaited turnaround finally be coming?
The freight industry is cautiously optimistic this year following a challenging 2023, according to a new report. Still, some industry metrics are signaling the beginnings of a recovery amid a lingering freight recession.
In today's landscape of shifting business priorities and global market trends, transportation and logistics have become pivotal battlegrounds. Access to advanced analytics often decides who wins those competitions.
Carrier executives are beginning to show optimism for a rate recovery, which could mean rising costs for customers.