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.