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The intensity of the early peak season on the trans-Pacific trade could drain the rest of volumes in the second half, or the shipping industry might surprise. US imports from Asia in May jumped to 1.68 million TEUs, up 13% from April, almost 20% higher year over year, and the highest since last August, according to PIERS. The National Retail Federation (NRF) has upgraded its forecast for June imports, confirming that the peak shipping season has come early this year. But the NRF says that spike is expected to be short-lived, with the group lowering its prior forecast for imports landing through the rest of the summer and into early fall. In the meantime, large and midsize retailers in the US face the possibility of having their newly agreed service contract rates more than double this summer due to increased bunker fuel costs and hefty peak season surcharges. Last summer, US imports from Asia climbed rapidly in June, peaked in July and then fell just as quickly as they rose. Comparing the current environment to last summer isn’t a good guide, however, as to what to expect this year. The fundamental difference is that growth last summer was confined to the US, so carriers were able to redeploy vessels from other trade lanes to the trans-Pacific. That’s why the price spike lasted only two months. This year, demand is also strong and rates are moving higher in the Asia-Europe, Asia-Mediterranean and South American trades, and that is limiting the capacity and equipment that can be deployed into the trans-Pacific

Moderator:

Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global

Speakers:

Jon Monroe, President, Jon Monroe Consulting and, Founder, SYSM Technologies

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Partner:

An extraordinary reconfiguring of truckload capacity is upsetting what was once a “normal” cyclical cycle in trucking, pushing rates higher despite only moderate, at best, improvement in demand. Shippers are looking at structural changes that will lead to higher trucking costs in the second half and beyond, and they’ll need to adjust strategies to contain costs, where they can. The truckload sector faces regulatory change it hasn’t seen before, with new state and federal laws and court decisions piling on federal rulemakings aimed at getting unsafe truck drivers off the road. Those enforcement efforts are winnowing truckload capacity, which stimulates spot and contract rates. Some freight is shifting to less-than-truckload (LTL) carriers, as well as intermodal rail, as truckload capacity tightens. LTL carriers are positioning themselves to protect rate hikes and to open routes to new types of freight beyond the traditional domestic industrial LTL base. And third parties of various types are increasingly interested in LTL. In this webcast, experts will discuss how these trends will impact shippers and how they can respond.

Moderator:

William Cassidy, Senior Editor-Trucking and Domestic Transportation, Journal of Commerce by S&P Global

Speakers:

Dean Croke, Principal Analyst, DAT Freight & Analytics

Scooter Sayers, Vice President of Business Development, FreightSnap and Founder, Sayers Logistics

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Moderator:

Greg Knowler, Europe Editor, Journal of Commerce by S&P Global

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Moderator:

Carly Fields, Associate Editor-Breakbulk and Project Cargo, Journal of Commerce by S&P Global

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Moderator:

Greg Knowler, Europe Editor, Journal of Commerce by S&P Global

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Moderator:

Eric Johnson, Senior Editor, Technology, Journal of Commerce by S&P Global

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Moderator:

William Cassidy, Senior Editor-Trucking and Domestic Transportation, Journal of Commerce by S&P Global

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Moderator:

Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global

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Moderator:

Bill Mongelluzzo, Senior Editor-West Coast, Journal of Commerce by S&P Global

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