However, the American Trucking Association estimates that there is a shortage of 90,000 drivers each year. A refrigerated rail service sold by Union Pacific Railroad to shippers has shut down amid the COVID-19 downturn in volumes and competition from rival BNSF Railway and other large IMCs. JOC’s Spot Intermodal Savings Index hit an 14-month low in a preliminary April reading, the first snapshot of how the COVID-19 pandemic has altered the math on how much money intermodal can save a shipper. Both intermodal and truckload spot rates have weakened since their respective fall peak seasons. Of course, no judgement on that debate was ever expected to be rendered during the first two months of 2020 and questions regarding intermodal’s secular growth remain. He has 14 years of experience following the freight transportation industry with experience that also touched the truckload, Jones Act barge and domestic logistics industries. Due to its design and construction, it can be used across a series of modes of transport. The trucking industry landscape — both for asset and non-asset companies — is being … TORONTO, Ont. Unless there is a paradigm shift in emerging chassis supply methods, the ocean carriers will indeed exit the ch… Contact your Account Manager or … The COVID-19 pandemic, hopping from one hotspot to another, is scattering pieces of the supply chain capacity puzzle, leading to “dislocation,” J.B. Hunt’s Shelley Simpson says. The Intermodalist Widely regarded as the best intermodal analyst in the business, Larry Gross is a 40 year veteran of the intermodal industry. Overview. Freight forecasters expect intermodal growth, slow going for carload traffic in 2021 Digest: DC Metro releases report disputing 'toxic workplace' claims Historical society, Cumbres & Toltec reach agreement on 15-year inspection for D&RGW No. News, data and analysis of the various factors that are driving the continued expansion of intermodal shipping activity around the globe. News U.S. rail carload and intermodal volumes are mixed for the week ending December 12, reports AAR FedEx turns in solid fiscal second quarter earnings results Cass Freight Index shows November shipment and rate gains ATA reports Q3 gains in truckload driver turnover DAT points to steady spot truckload rates More News This withdrawal from providing equipment necessary for international container transport is creating market complications for customers, motor carriers and chassis suppliers. About ContainerPort Group. All of those factors are compelling many companies to use an intermodal combination of sea, road and railways to transport their goods on longer routes, rather than depend on a single mode of transportation. Shippers will need to look not just at multiple transportation modes, but across modes, to secure capacity in 2021, digital broker Loadsmart said. Intermodal Shipping News, data and analysis of the various factors that are driving the continued expansion of intermodal shipping activity around the globe. Whether your goods are sent via ship, rail, or truck, one of our containers can be used without unloading and reloading cargo. He is a CFA Charterholder. When it did happen it was for very specific reasons, such as for export coal that would not have moved otherwise. Union Pacific Railroad will raise the surcharge on small shippers to $1,000 on excess contract cargo beginning Oct. 25, a signal that rail-owned containers remain in short supply on the West Coast. Union Pacific Railroad blames volatile swings in volume for congestion in Los Angeles in June, but intermodal marketing companies say it remains difficult to find space on trains because of a surge in e-commerce business. On a year-over-year basis, I am already seeing an improvement in the truckload market as shown in the table below. Late last year, I questioned whether intermodal still deserves to be considered a growth area within surface transportation, asserting that its growth status has been diminished, if not demolished. Trailers climbed 9.8% to 325,802 units during the quarter. Small shippers will have to pay a $500 surcharge on excess cargo on Union Pacific, as both western US Class I railroads struggle to handle the surge in volume out of Los Angeles. We give you access to the industry’s largest, most flexible pool of 53′ capacity, backed by our own 41,500 assets. Perhaps only as a hedge against a shortage of truckload capacity later in the year or to add to a checklist of “green” initiatives. For those reasons, several of Hub Group’s intermodal customers converted a portion of their transportation spend back to trucking from intermodal within the last year. While Hub Group expects that lost volume to return to intermodal, the shift clearly underscores the competitive nature of domestic intermodal and the difficulty in growing intermodal volume in the current transportation marketplace. GCT Canada announced the completion of the final two tracks of the GCT Deltaport Intermodal Rail Yard Expansion Project, which sets GCT Deltaport apart as the most efficient and capable ship-to-rail discharge facility in the world. Class I railroad management teams continue to suggest that cutting intermodal rates in the short-term to attract incremental freight would only make it more difficult to raise rates later on those same lanes to targeted levels in a stronger freight market. One logistics executive called the railroads’ stance “a complete 180 from last year.”, The Global Energy Transition and Its Impact on Project Cargo Logistics, Container Shipping Outlook: Analyzing the Trans-Pacific, Port Performance North America: Managing Cargo Flow During a Pandemic — and Beyond, Industry 4.0 — the next supply chain revolution, How B2B Supply Chains Can Deliver New Customer Value with A Continuous Delivery Experience (CDX), Driving Strategic Value Through Outsourcing, JOC Insights: COVID-19 Impacts Freight Transit Times, Shippers facing ‘different game’ in 2021 as freight costs rise, LTL service issues multiply as COVID-19, freight demand surge, Analysts say divided XPO to better serve US shippers, Shippers, IMCs eager for answers to solve US intermodal congestion, New options allow in-house freight invoice auditing, Multimodal optimization seen as key to future freight capacity, West Coast-based LTL freight surge lifts YRC, UP says intermodal rail fluid again; some IMCs not convinced, UP raises Seattle surcharge to $1,000 for small shippers, Q3 intermodal results hurt by congestion, poor velocity: J.B. Hunt, US intermodal volumes show signs of recovery, UP raises surcharge for all shippers in Oakland-Lathrop, US inland shippers increasingly prioritizing 40-foot containers, Transplace buys LeanCor to reach more manufacturers, JOC Research Note: Rail the better economic bet for shippers in Q3, JOC Uncharted: ‘Massive’ dislocation eats into US surface capacity, Volume spike triggers surcharges, gate restrictions from Western US railroads, IMCs say space issues persist on LA intermodal rail services, COVID-19 tempers intermodal peak season optimism, J.B. Hunt cautious on Q3 volumes despite June intermodal surge, Intermodal shippers pushing hard on container fees, North American intermodal volume recovery lags trucking rebound, DAT buys shipper consortium, $50 billion in pricing data, Domestic intermodal slides to weakest month since 2012, JOC Research Note: Intermodal savings evaporate in April, NS focusing on intermodal efficiencies rather than chasing freight, Facing grim intermodal forecasts, rails focus on costs, service, J.B. Hunt warns of further declines in intermodal volume, North American intermodal volumes plunge to near-decade low, JOC Rankings: US trucking revenue growth slams on the brakes, Alameda Corridor to make 2020 debt payments despite downgrade: interim CEO, January volumes give 3PLs glimmer of hope in weak intermodal market, Battle brewing to provide intermodal shippers free container usage, Railroads more conciliatory on 2020 contract rates: IMCs, Inland Podcast: Warehousing, Intermodal Insight with CenterPoint Properties, East Coast Supporting Investment By Long Beach. Intermodal volume last week was the weakest in a nearly a decade as the coronavirus disease (COVID-19) has wreaked havoc on the railroads, which an industry analyst believes could cost Class I railroads $9 billion dollars. (more…) Read more However, the latest public comments and data on intermodal from the Class I railroads, their intermodal partners and FreightWaves data paint a picture of an industry that will likely struggle to attract freight away from the trucking industry, at least until the much-anticipated capacity-driven improvement in the truckload industry kicks in. Management’s point regarding container turns is well taken, but that still suggests to me that management’s expected intermodal volume growth this year is fairly minimal. IMCG’s Harrison Hoof, III, Interviewed by News Channel 3. Governments and regulatory bodies are introducing costly, stringent regulations to reduce vehicle emissions. Trinium is recognized as the industry leader in intermodal trucking and drayage systems; providing solutions for companies ranging from 10 drivers to over 1,000 drivers.. Trinium-TMS (Transportation Management System) is a complete enterprise system for intermodal trucking and drayage companies. Hub also cited an expected improvement in the truckload market. An ‘insatiable demand’ for truck capacity and a US loan are helping LTL operator YRC Worldwide expand capacity and intermodal services in the Central-South. Welcome to Rolling Your Way, Devine Intermodal’s monthly summary of news, fun facts and trivial bits that are pertinent to the transportation and logistics industry. – Schneider has expanded its Bulk Express Intermodal services to Canada. The major domestic intermodal providers, such as J.B. Hunt, Hub Group and Schneider, are in a difficult spot. Alameda Corridor Transportation Authority this year will feel the declining revenue effects of the economic recession projected to impact Los Angeles and Long Beach and all North American ports. The pandemic has proven that truck drivers are essential workers. Subscribe now. Steady growth in the number of road freight carriers is leading to greater traffic congestion and costly delays in the delivery of goods to end-users in business and consumer markets. The pandemic has proven that truck drivers are essential workers. They also highlighted the ample capacity available on intermodal routes and the expectation that strong rail service should continue even with a pickup in volume. The acquisition of FMIC from Chainalytics helps transform DAT Solutions into a broader freight intelligence business aimed at enabling shippers, brokers, and truckers to understand freight costs and pricing. This is because the railroads have created a great deal of capacity by utilizing their networks and equipment more efficiently in the past few years. FreightWaves Classics: Trucking companies range from A to Z (Part 6) This is Part 6 of the FreightWaves Classics series on American trucking … On its earnings call, J.B. Hunt described a domestic intermodal picture that caused me to wonder why a shipper would use intermodal in this market. Since the intermodal contract bid season for the company is front-half loaded (over 80% of its intermodal contracts are negotiated during the first half of the year), that pricing pressure will likely not be fully offset by an improvement in the intermodal market during the second half of the year. Real-Time Tracking – Plan, match and dispatch intermodal and chassis loads more efficiently with advanced satellite trucking interfaces that improve location, detention and delivery times. Comments on last fall’s intermodal peak season ranged from “there really is no peak” to “muted” to “an intense, but very short peak season.” Accordingly, Hub Group expects intermodal pricing to be down for 2020 as a whole given its outlook for year-over-year declines in pricing on intermodal contracts negotiated during the first half of the year. The top 7 lanes comprise approximately two-thirds of all intermodal volume. Start a career with us and grab a hold on your future career. Intermodal Trucking and Drayage. However, the company also stated that it does not plan to expand its domestic container fleet this year, citing container turns that are below targeted levels. Domestic intermodal volumes already elevated compared with a year ago and there are signs that international intermodal is on the upswing too. Pierre Liguori, director, Tokema International. Ohio Intermodal Services (OIS) is the premier intermodal transportation resource in Ohio for all your container drayage needs. Intermodal and drayage carriers are winding down a year that for many meant only modest growth in container trucking. 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