Lack of parts, labor to extend US chassis shortages into 2024

North American chassis manufacturers expect to fall well short of their production goals this year despite widespread equipment shortages that have exacerbated congestion in key ports and inland hubs.

Trucking PPIs drop as fuel prices, surcharges fall

Declines in the producer price indexes for various sectors of trucking reflect falling fuel surcharge revenue and lower rates in new contracts, but don’t point to a large-scale pricing rollback.

H1 data masks big changes afoot in domestic intermodal: analyst

Domestic intermodal has not yet been able to demonstrate the ability to fully recover from the share lost during the post-pandemic surge, although private owners of domestic containers are hoping to change that.

FMC seeking shipper input on OSRA-mandated ‘emergency’ review

While the FMC seeks input over whether to declare an emergency need for information sharing by container lines, the agency’s advisory committee has suggested setting up a parallel carrier group to improve dialogue.

LTL carriers expanding despite slowing US economy

Some of the largest US less-than-truckload carriers, including FedEx Freight, are adding terminals and doors to their networks as LTL freight demand defies the threat of economic recession.

Essential Reads

The steep reduction in rail services to Los Angeles-Long Beach is having a knock-on impact at the terminal gates, with the average truck turn time increasing by four minutes in July.
Maersk’s strategy of aggressively expanding long-term contracts is paying off, and with many of the agreements covering multi-years, the carrier is set to reap the financial rewards far beyond 2022.
Drivers are returning to port drayage as long-haul trucking rates slide and operating costs for small, independent motor carriers rise.
Despite the FMC finding there was no collusion among ocean shipping alliances causing elevated freight rates, NITL believes there are still concerns about the industry that new antitrust legislation could address.
The reorganization within the FMC comes as the agency steps up its enforcement and compliance activities in the wake of US shipping reform.