transportation cost

Transportation costs keep rising as service deteriorates

Chart of the Week:   Van Contract Base Rate per Mile Initial, Van Outbound Tender Reject Index, Truckstop Average Van Spot Rate per Mile – USA SONAR: VCRPM1.USA, VOTRI.USA, TSTOPVRPM.USA

Truckload carriers have continued to struggle to provide consistent coverage through the first quarter of 2021, and in return costs have increased. This relationship seems counterintuitive at a base level — why would you spend more to get less? — but it is a common result of demand exceeding supply in just about...

https://s29755.pcdn.co/news/transportation-costs-keep-rising-as-service-deteriorates

Will intermodal’s cost advantage be enough to grow beyond 2021?

Chart of the Week:  Intermodal Contract Savings Index – USA, Outbound Tender Rejection Index – USA SONAR: ICMSI.USA OTRI.USA

The cost differential between dry van truckload and intermodal contract rates expanded to multiyear highs over the winter as trucking costs expanded much more rapidly than the intermodal counterpart. Todd Maiden reported Wells Fargo believes 2021 will be a banner year for container shipping on the rails, citing strong year-over-year comps and sustained import growth. But...

https://s29755.pcdn.co/news/will-intermodals-cost-advantage-be-enough-to-grow-beyond-2021?