Letter from the CEO: Coronavirus Market Update
MARCH 18, 2020
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.