The latest year-over-year comparisons are clearing up LTL market distortions caused by Yellow’s failure and revealing weak demand, but tight capacity is pushing up rates.
Dwell times at marine terminals in the Northwest Seaport Alliance have doubled in recent weeks as intermodal container moves spiked amid peak season imports.
A big jump in spot rates was pegged to the cascading impacts of blank sailings and a volume rush from shippers ahead of China’s Golden Week holiday in October.