🎣 Port Strike Suspended
Plus, Flexport announces more layoffs, Hurricane Helene continues to disrupt key lanes, and experts predict truckload carrier rate increase for 2025.
AccuWeather reduces 2024 Atlantic hurricane projections after unusual August. Fewer storms expected, but season's already seen major impacts.
AccuWeather is slashing its 2024 Atlantic hurricane season predictions. Though this may sound good, there have already been some impact with the storms that have hit the US so far.
"Extremely warm waters across much of the Atlantic basin are ideal for tropical development and rapid intensification, but the surge of dry air, dust, wind shear, and cold waters off the coast of Africa have prevented most tropical waves from developing," explains AccuWeather's Alex DaSilva.
So far this season, 5 upcoming storms have been named, 3 of which are projected hurricanes. Something that was nice was there were no storms on Labor Day for the first time since 1997. Must have felt nice not having such a huge backlog due to storms after a holiday weekend. However, we did have some storms that have impacted the industry this year. Take, for instance, Hurricane Beryl, which crushed Texas earlier in July. A category 5 storm that caused $28-32 billion in damage and closed ports for days, thus hurting the freight industry in a time where it can ill-afford any setbacks.
September is typically peak hurricane season. But it's time to look elsewhere for truckers hoping for FEMA loads.
"Carriers who use disaster relief as a chance to supplement revenue during the last months of the year should seek other opportunities as they arise instead of waiting for the perfect storm," advises FreightWaves meteorologist Kaylee Nix.
The National Hurricane Center hasn't changed its official forecast yet. Stay tuned as the season continues through November 30.
Source: FreightWaves
Join over 11K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).