JOC Uncharted: Surging volumes send retailers scrambling for truck capacity

Unusual spikes in demand for products like fertilizer and birdseed have farm and garden supply retailer Southern States Cooperative looking for additional capacity and rethinking traditional inventory models.

Rail congestion lingers in LA, but small glimmer of hope

Despite optimism that BNSF Railway’s congestion may ease, intermodal marketing companies expect demand to be high and equipment dislocations to persist through October in California.

Bangladesh to allow foreign companies in port operations

Major foreign terminal operators have expressed interest in coming to Bangladesh, as the country looks to spark competition and better services in cargo handling.

August MPV index eyes narrow gain after COVID-19 low

While the oil and gas sector has pulled back dramatically from early 2020 capital spending plans, the low bunker fuel prices that have also come with global oil demand destruction have helped to control costs.

HMM warns of uncertain second half after H1 rebound

Carriers that have released interim results have reported a stronger first half, underscoring the effectiveness of aggressive capacity management on the main trades.

Essential Reads

The International Longshore and Warehouse Union's (ILWU) letter to California Governor Gavin Newsom compounds worries that have been mounting for over a year surrounding the issue of allowing West Coast terminals to install labor-saving cargo handling equipment.
After wild swings in intermodal volume in the second quarter, CSX Transportation and Union Pacific Railroad are cautiously optimistic about peak season volumes, while realizing pandemic disruptions are lurking.
The carrier block exemption from Europe’s competition law expires in 2024, but there is a growing view among shipping line customers that an evaluation of the regulation should be held as soon as possible.
A bipartisan congressional commission questioned a $700 million US loan to YRC Worldwide, but its ability to scuttle the loan is questionable.
The Port of Charleston wants to diversify its cargo business into e-commerce, netting big-box retailer Walmart as the first major omnichannel retailer to occupy a port authority-owned warehousing complex less than an hour from Charleston.