Eastbound Pacific spot rates jump with peak season at hand
A teacher union blockade of freight rails in Mexico that trapped 4,000 thousands of containers in the key port of Lazaro Cardenas, and also some in Manzanillo, preventing them from moving in and out of the port, is over.
Terminal operators in LA-LB temporarily suspend chassis gate fee that was scheduled to take effect on Monday.
Despite an uptick in volume in July, trucking executives see a long road ahead before truckload rates rise.
As overcapacity and weak demand continue to plague the global transportation industry across modes, competition for cargo has only intensified.
Spot rates will end the month of July almost where they began after another big bounce.