Mike
Well-Known Member
The trucking industry looks to be headed toward a “stronger and longer” peak season as containership backlog worsens at ports and capacity is unlikely to loosen soon, according to an industry analyst. Meanwhile, an economist said industry employment likely has reached pre-pandemic levels.
The shipments component of the Cass Freight Index rose by 12.3% in August, from the same month in 2020, but the growth is expected to moderate to the mid-single-digits through the remainder of the year. The moderation can be attributed to more difficult comparisons in the latter half of 2020. Tim Denoyer, analyst for ACT Research, is the author of the Cass Freight Index report.
“The recovery after a skid in June and July amid further slowdowns in rail volumes suggest trucking is picking up slack from the railroads, currently snarled by the chassis shortage,” Denoyer wrote. “But shipment volumes remain limited by the capacity of the freight network, as shown by the backlog of 125 or so containerships at anchor off North American ports.”
Southern California ports recently hit a new record of 49 containerships at anchor, and the backlog “clearly represents a stronger and longer than average peak season demand outlook.”
The shipments component of the Cass Freight Index rose by 12.3% in August, from the same month in 2020, but the growth is expected to moderate to the mid-single-digits through the remainder of the year. The moderation can be attributed to more difficult comparisons in the latter half of 2020. Tim Denoyer, analyst for ACT Research, is the author of the Cass Freight Index report.
“The recovery after a skid in June and July amid further slowdowns in rail volumes suggest trucking is picking up slack from the railroads, currently snarled by the chassis shortage,” Denoyer wrote. “But shipment volumes remain limited by the capacity of the freight network, as shown by the backlog of 125 or so containerships at anchor off North American ports.”
Southern California ports recently hit a new record of 49 containerships at anchor, and the backlog “clearly represents a stronger and longer than average peak season demand outlook.”
Analyst: Trucking industry faces ‘stronger, longer’ peak season - Talk Business & Politics
The trucking industry looks to be headed toward a “stronger and longer” peak season as containership backlog worsens at ports and capacity is unlikely to loosen soon, according to an...
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