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Letter from the CEO: Coronavirus Market Update

Transplace

The major lanes between Houston/LA (I-10 Corridor), Chicago/Ohio, NJ/Eastern PA, and Atlanta remains the same with ample capacity however lead times have shortened. Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas. Port of Houston is experiencing equipment shortages. VLSFO (Very Low-Sulfur Fuel Oil) $315 per metric ton 3/12 comparted to $740 per metric ton in January 2020 = 57% decrease.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

RFID tags and robotic warehouse systems generate and transmit data that, when combined with other data sources, allow companies to optimize the supply chain and make better predictions and forecasts to improve efficiency and boost the bottom line. They can also be used to track the provenance of adulterated products to identify the source. Mobile apps can generate reports and monitor performance metrics. Instant freight pricing for international freight moves.