There’s no quick recovery ahead for the US truckload sector, either in terms of pricing or demand, executives from several logistics companies said Tuesday at the Journal of Commerce Inland Distribution Conference 2024 (Inland24).
In the complex world of U.S. trade, one startling statistic stands out: the most common “export” from the U.S. overseas is an empty container.
A staggering 75% of inbound containers return to their origin empty, illustrating the complexities of U.S. trade dynamics
Members of the International Longshoremen’s Association (ILA) went on strike just after midnight Tuesday at three dozen facilities across 14 port authorities stretching from Maine to Texas. More than 40% of all U.S. imports flow through the East and Gulf Coast.
In a week marked by end-of-quarter shipments and Hurricane Helene’s impact on the Southeast, the total number of loads posted on DAT One increased 10.1% to 1.71 million last week compared to the previous week, while truck posts fell 7.5.3% to 337,227.
The devastation caused by Hurricane Helene will send ripples throughout US supply chains, tightening truck capacity, as efforts to restore and rebuild severely damaged infrastructure in the affected states will be superseded by rescue operations still under way.
As the clock struck midnight on October 1, members of the International Longshoremen’s Association (ILA) walked out of three dozen facilities across 14 port authorities stretching from Maine to Texas. The strike includes more than 50,000 workers at ports where more than 40% of all U.S. imports flow through the East and Gulf Coast.
Stranded cargo, rerouting challenges and cost escalations are just some of the immediate effects of the port strikes. Now that they're in effect, what's next for global supply chains?
We have mostly positive news this week, as the latest trucking economic data points to improving for-hire freight, and a market that is slowly returning to balance.
What once appeared to be an unlikely strike at East Coast ports is now inching closer to reality, threatening to put thousands of people in the Baltimore region out of work.