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.
As we approach retail season. Sunset expects capacity to reduce, demand to increase, and costs to increase over the next 60 days. Expect capacity to loosen toward the end of the year, intermodal to remain tight and import demand to slow as we near the end of 2022 into 2023
From Sunset’s Strategic Account Management Team: Early Thursday, a tentative deal was reached with unions and management to avert a railroad strike. A verbal agreement was reached by both sides at 2:30AM ET. Expectations are for intermodal gates to open, and rail lines to continue accepting freight. This strike should not cause an impact to…
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.
Armada Sunset Holdings Accelerates Growth Strategy in Welcoming Chris O’Brien as President. Read the press release to learn more.
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