The following insights are provided by Sunset’s Strategic Account Management team for August 2022 market conditions: The supply-demand balance is shifting; seeing rates top out and slow in coming months. Downward fluctuations in price of fuel should provide additional relief in the short-term. CVSA’s Brake Safety is August 21-27, and will noticeably impact capacity.
The Journal of Commerce (JOC) provides an in-depth quarterly report into the US intermodal market to facilitate conversations between shippers and logistics companies about transportation modal decisions. The JOC Intermodal Savings Index — the Spot Index and the Contract Index — measures how much an average shipper should anticipate saving on the rail versus over-the-road…
As we head into the back half of the year, there are many global, political, and economic challenges that have the possibility to impact demand and capacity. Sunset’s Strategic Account Management team weighs in on July 2022 freight market conditions.
IBEW (Electrical Union for Canadian National Railway) imposed a strike as of 11:00AM on 06/18 after failed negotiations. Rail operations are expected to continue with the CN’s operational contingency plan. Rejection rates fell below 8% for the first time in two (2) years. Sunset’s Strategic Account Management team weighs in the June 2022 market conditions.
The Journal of Commerce (JOC) provides an in-depth quarterly report into the US intermodal market to facilitate conversations between shippers and logistics companies about transportation modal decisions. The JOC Intermodal Savings Index — the Spot Index and the Contract Index — measures how much an average shipper should anticipate saving on the rail versus over-the-road…
An update from Sunset’s International Team: The following information details the current International market conditions. Customer communication is vital with the instability of international trade. Currently, the China shutdowns are directly impacting customer suppliers. Production facilities have come to a complete halt, placing customer inventory in jeopardy. Additionally, local transportation is highly restricted, and rates are skyrocketing locally…
UPDATE: More lockdowns directly impacting Sunset customer freight from Shanghai. via Reuters.com: SHANGHAI, March 28 (Reuters) – China’s financial hub of Shanghai launched a two-stage lockdown of its 26 million residents on Monday, closing bridges and tunnels and restricting highway traffic in a scramble to contain surging COVID-19 cases. The snap lockdown, announced by the…
UPDATE: via The Loadstar Canadian Pacific Railway (CP) is in for a bumpy ride: 3,000 employees have voted for a strike, to begin as early as 16 March, while rival Canadian National (CN) and various interest groups are calling on the US Surface Transportation Board (STB) to impose conditions on the merger of CP with fellow…
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