A loss of freight from US home construction and manufacturing is depressing spot market volumes and rates for flatbed trucks, creating surplus capacity which isn’t currently being matched with demand. The current load-to-truck ratio on 1/22 is 2.08. Now that the holidays are over and truck availability has opened, capacity has softened to meet current demand.
Many Chinese factories are closing earlier and for longer this year than in past years, and volumes are likely to remain depressed until March. Carriers are experiencing low utilization levels on TPWB, and capacity is readily available on almost all services. Most US East Coast services to North Europe and the Mediterranean are experiencing medium to low utilization levels and limited space constraints.
The American Trucking Association notes that recruitment trends in trucking have been returning to more normalized levels since November after a frenzied start to the year. The current load-to-truck ratio on 12/25 is 3.74. Overall, December has shown a tightening in capacity since the steep drop off earlier this month due to the completion of Black Friday/Cyber Monday shopping.
The following information from Sunset’s International team details the current International market conditions. Customer communication is vital with the instability of international trade.
AN UPDATE FROM SUNSET’S INTERNATIONAL TEAM: The following information from Sunset’s International team details the current International market conditions. Customer communication is vital with the instability of international trade. Sunset is here to help with the most basic or complex shipments. Email [email protected] to speak further about how to manage any International needs that arise. Ocean Industry Current…
A hurricane warning has been issued for parts of the northwestern Bahamas, including Freeport, Grand Bahama. This means hurricane conditions are expected in the area, in this case by Wednesday. Tropical storm warnings are now in effect from Hallandale Beach, Florida, northward to Altamaha Sound, Georgia, where tropical storm conditions are anticipated by Tuesday night into Wednesday.
The following insights are provided by Sunset’s Strategic Account Management team. Trends and discussions range from seasonal manufacturing and agriculture trends that affect available capacity to general insight into outside factors affecting freight volumes. Below is a summary of the October insights: DOMESTIC Capacity It’s turkey season in the United States with Minnesota being the biggest…
The following information from Sunset’s International team details the current International market conditions. Customer communication is vital with the instability of international trade.
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