Outlook 2021: Rising e-commerce, industrial demand to keep pressure on LTL rates

After a sharp rebound in freight demand in the second half of 2020, US less-than-truckload (LTL) operators are operating more profitably and seeking higher rates for 2021, while shippers are prioritizing capacity and on-time performance.

Flexport vets take aim at apparel production management

Startup SILQ is aiming to provide apparel retailers with an alternative to buying houses, which act as agents that find suitable suppliers in overseas locations.

Demand pressure drives up cargo rolling at Asian hubs

The never ending peak season demand on major trades out of Asia has placed unseasonal demands on carriers and container terminals in the region, with increasing numbers of containers being rolled at the regional hubs.

Antwerp posts record annual volume despite COVID-19

A rebound in container volume at the port of Antwerp came in the second half, when Europe’s unexpectedly strong recovery kept ships full and terminals busy from July for the rest of the year.

US truckload capacity to remain tight as volumes recover: FTR

Rising industrial freight volumes will keep pressure on truckload capacity and pricing in 2021, even if demand for goods peaks, according to FTR Transport Intelligence analysts.

Essential Reads

US ports are preparing for a possible worsening of terminal and landside congestion issues that could arise as increasingly larger vessels call at the gateways.
The truck driver turnover rate is rising at truckload carriers as they compete for employees; that is spurring a new round of pay hikes for drivers.
There’s debate about how much of a knock-on effect COVID-19 vaccine distribution could have on other types of cargoes, but US shippers are cautioned to plan for some disruption.
The warning from two FMC commissioners comes as some carriers are refusing export bookings so they can ship empty containers back to Asia faster to be refilled with higher-paying exports to the United States.
COVID-19 and the wave of imports reaching the US will keep pressure on transportation capacity and pricing, from ports to the last mile, shippers warned Tuesday.