Remove Capacity Remove Cargo Remove Idaho Remove Shipping

Hanjin, Hurricanes, Harvests May Boost Truckload Rates

DAT Solutions

Capacity finds those opportunities, and throughout 2016, spot markets have restored 'normalcy' without generating the ripple effects that typically drive contract rates higher. If capacity isn’t nourished, it can disappear. The ocean freight industry suddenly lost one of the top ten players when Hanjin Shipping Co. Hanjin's exit strands 89 ships worldwide containing some $14 billion worth of cargo, much of which was headed to the U.S.

Utah 98

Asian imports turn up the heat for vans on the West Coast

DAT Solutions

Demand for vans continues to heat up on the West Coast, boosting load-to-truck ratios in California, Oregon, Idaho, and Utah. Expect the seasonal pressure to continue through much of November, as a massive typhoon in Hong Kong caused scheduling delays on inbound ships at the Ports of Los Angeles and Long Beach, the arrival point for 49% of Asian imports. Ships arrived late, and containers were unloaded and drayed to warehouses late, so that cargo is finally heading east and north.