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Welcome to the WHAT THE TRUCK?!? Newsletter. In this issue, PS5 delays extend into 2022, spot rates spike, who are the pipeline hackers, Nike and Postal Service settle on sneaker, and more.
Rates rocket back up
SONAR
To the moon Spot rates have shot up like “The Price Is Right” mountain climber as we’re now just a dime away from hitting a new all-time high in SONAR. The Truckstop.com dry van average continues its second consecutive week of elevation, rising 18 cents per mile this week to $3.23/mile, inclusive of fuel.
How long will they stay there? Andrew Cox reports declining tender volumes last week may be a function of the Commercial Vehicle Safety Alliance’s 72-hour safety blitz, a time when many drivers take off and shippers respond accordingly by pushing or pulling freight away from this week. Fewer drivers equals less capacity and higher rates. Now that those drivers are back behind the wheel, and since both volumes and outbound tender rejects
April 29, 2021
Supply Side: EagleRail, National Steel Car, Alstom, Retlif Written by Marybeth Luczak, Executive Editor
EagleRail Container Logistics says its new system will move containers along an overhead track, and over other infrastructure, to replace the drayage truck model and alleviate port congestion.
EagleRail Container Logistics will launch later this year an automated, overhead container transfer system for ports and intermodal operations; National Steel Car has temporarily suspended manufacturing after employees tested positive for COVID-19; work is under way for Alstom’s railcar facility expansion in Hornell, N.Y.; and Retlif Testing Laboratories has completed a yearlong cybersecurity compliance project for increased protection of rail and transit product testing.
EagleRail On Ushering in a New Era for Logistics saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.