What can Feds do to aid 24/7 supply chains?

In his speech on Wednesday announcing commitments made by the Port of Los Angeles and its major retailer customers to expand to 24/7 operations, President Biden emphasized that in order for the changes to work, terminal operators, railroads, trucking companies, container lines and other retailers had to coordinate.

And if players in the supply chain are unable or unwilling to cooperate, “we’re going to call them out and ask them to act,” Biden said, “because our goal is not only to get through...

https://www.freightwaves.com/news/what-can-government-do-to-aid-247-supply-chains

Borderlands: TexAmericas Center looks to expand rail transload business

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: The TexAmericas Center looks to expand its rail transload business; Mexico’s exports of commercial trucks fell 11.3% in September; Bridgestone completes a $100 million expansion in Mexico, creating 150 jobs; and a cold storage facility is set for Southern California.

TexAmericas Center looks to expand rail transload business

The TexAmericas Center received an $865,000...

https://www.freightwaves.com/news/texamericas-center-looks-to-expand-rail-transload-business

As shipping prospects rise, field of shipping stocks shrinks

shipping stocks

A perennial complaint about shipping stocks is that there are way too many of them and they’re way too small. If only there were just a handful of large-cap consolidated shipowners in each category — tankers, dry bulk, containers, gas — not a hodgepodge of micro-caps.

The good news for ‘bigger and fewer’ proponents is that the number of shipping stocks is indeed shrinking. There has been only one shipping IPO in the last six years compared to numerous delistings.

The bad news is that the...

https://www.freightwaves.com/news/as-shipping-prospects-rise-field-of-shipping-stocks-shrinks

Supply chain hurdles not high enough to thwart J.B. Hunt’s Q3 beat

J.B. Hunt says extended peak season will boost Q1 results

Labor was the main talking point of J.B. Hunt Transport Services’ third-quarter earnings call with analysts Friday. Management from the Lowell, Arkansas-based transportation company said many of the nation’s supply chain obstacles are rooted in a shortage of workers.  

“The thing that has been the most difficult for us to get eyes on is customer warehouse labor,” said J.B. Hunt (NASDAQ: JBHT) intermodal head Darren Field. “That’s where there is a significant bottleneck — our customers’ ability...

https://www.freightwaves.com/news/supply-chain-hurdles-not-high-enough-to-thwart-j-b-hunts-q3-beat

SONAR sightings for Oct. 15: Used truck prices, Savannah update, lanes to watch

Here is a roundup from Friday’s SONAR reports. This file will be updated throughout the day. For more information on SONAR — the fastest freight-forecasting platform in the industry — or to request a demo, click here.

Lanes to watch

By Zach Strickland, director, Freight Market Intelligence

NASHVILLE to ELIZABETH (New Jersey)

Overview: Rejections are likely to increase further as outbound volumes surge w/w.

Highlights

  • Nashville outbound tender volumes are up 15% w/w, signaling that demand for...

https://www.freightwaves.com/news/sonar-sightings-for-oct-15-used-truck-prices-savannah-update-lanes-to-watch

No more room at the logistics warehouse inn, Prologis says

The world’s largest logistics warehouse operator said publicly on Friday what everyone has sensed and experienced for many months: There is no more space to be had, at least right now.

Prologis Inc. (NYSE:PLD) Chairman and CEO Hamid R. Moghadam said in the San Francisco-based third-quarter earnings report that “space in our markets is effectively sold out.” Given that Prologis operates 995 million square feet of logistics warehouse space in 19 countries, that represents a lot of markets.

The...

https://www.freightwaves.com/news/no-more-room-at-the-logistics-warehouse-inn-prologis-says

LaserShip names Mike Roth, top Amazon logistics executive, interim CEO: Source

Regional parcel delivery carrier LaserShip, which is poised to acquire fellow regional carrier OnTrac for about $1.3 billion, has named Mike Roth, a longtime Amazon.com Inc. operations executive, as its interim CEO, according to a person familiar with the matter.

Barring an unforeseen event, Roth will steer the integration of the two companies, which is expected to lead to the development of the first national parcel delivery network built from regional players. Roth succeeds Brett Bissell, who...

https://www.freightwaves.com/news/lasership-names-mike-roth-top-amazon-logistics-executive-interim-ceo-source

J.B. Hunt rolls past Q3 expectations

Supply chain challenges continue to constrain freight volumes

J.B. Hunt Transport Services handily beat third-quarter estimates Friday, posting earnings per share of $1.88, 11 cents ahead of consensus expectations. Earnings per share were 27 cents higher than the second quarter and 70 cents better than the year-ago quarter.

Supply chains headwinds and network congestion on the railroads limited J.B. Hunt’s (NASDAQ: JBHT) intermodal volume growth. Loads were off 6% year-over-year but a 24% increase in revenue per load pushed the top line 17% higher in the...

https://www.freightwaves.com/news/jb-hunt-rolls-past-q3-expectations

The perils of precision scheduled railroading

A photograph of a man looking at piece of railroad equipment in a rail yard.

Although almost all of the Class I railroads have been deploying precision scheduled railroading (PSR), an operational model that seeks to streamline operations, for several years already, a number of issues keep the debate over its value alive.

The railroads have argued that PSR provides shippers with consistent and reliable service. Proponents of PSR contend that shippers previously had to wait until a train was long enough in order for them to receive service, making service more erratic....

https://www.freightwaves.com/news/the-perils-of-precision-scheduled-railroading

How fast can LA clear out its ships?

Now that the ports of Los Angeles and Long Beach have moved to 24/7 operations, pressure is mounting to reduce the backlog of ships at anchor in San Pedro Bay.

But more coordination will be required among the links in the Southern California supply chain before that can happen. And with 25 more containerships filled with holiday inventory from Asia scheduled to anchor within the next three days, results have to come fast.

As part of the ports’ new 24/7 operating plan, instead of waiting for cargo...

https://www.freightwaves.com/news/how-fast-can-la-clear-out-its-ships

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