Trucking Rates Continue To Climb Due To Long-Distance Truckload Demand
According to Freight Waves, producer prices in the trucking industry increased 0.6 percent in December 2018 compared to the previous month. Gains during the month of December can be attributed to increasing demand for long-distance truckload services. See more here.
DAT Rates Rise But Gains Could Be Temporary
During the first week of 2019, the national average DAT rates increased three cents for vans, reefers and flatbeds. The three largest increases were seen for the following shipping lanes:
- Denver to Albuquerque (increased 28 cents to $2.35/mile)
- Denver to Oklahoma City (increased 21 cents to $1.41/mile)
- Denver to Chicago (increased 20 cents to $1.52/mile)
See more here.
US Ports Continue To See Congestion And Delays
According to the JOC, US ports continue to see congestion and delays due to an increase in import activities. The ports of Los Angeles, Long Beach, New York and New Jersey and Savannah are reporting delays due to proposed tariffs, holiday season freight volume and limited warehouse space. See more here.
Yantian Express Ship Towed To Halifax, Nova Scotia After Catching On Fire
The Hapag-Lloyd container ship Yantian Express was towed to Halifax, Nova Scotia after catching on fire on January 3, 2019. As a result, importers and exporters should consider protecting future international cargo shipments by securing marine cargo insurance. For more information, please contact us today.
Port Of Virginia Handles Record Cargo Volumes In 2018
The Port of Virginia handled more than 2.85 twenty-foot equivalent units (TEUs) of cargo in 2018. This represented a 1.2 percent year-over-year gain, resulting in record-breaking volume. See more here.
US Government Shutdown Continues To Impact Food Suppliers
According to Food Dive magazine, the latest government shutdown could have significant effects on 2019 crop yields. Because farmers are currently planning crop growth and harvests for 2019, food supply chains could feel the effects of insufficient food production. See more here.
Statistic of the Week
The time it would take for grocery stores to run out of food if truck drivers stopped working, according to Business Insider. Click here to access more stats.
Links of the Week
Catch up with the Ascent Global Logistics team at the below upcoming events:
PPAI EXPO 2019
Las Vegas, NV – January 13-17, 2019
ORGILL HARDWARE DEALER MARKET
Orlando, FL – February 21-23, 2019
TPM ANNUAL CONFERENCE
Long Beach, CA – March 3-6, 2019
International Holiday Calendar