Plus: Chattanooga floods close I-24 and stall freight, LA port hits its highest monthly volume in 117 years, July sees another spike in trucking bankruptcies, and more.
Funny Freight Friday: You heard him- sing!
Bankruptcy filings and closures are mounting in trucking as tight lending and âzombie carriersâ keep rates low, delaying the market correction and prolonging a multi-year freight recession.
Plus, the Port of Los Angeles posted its 11th straight month of year-over-year gains in exports, processing 770,337 total TEUs, up 12% from last year.
With the port gradually reopening, this Baltimore trucking firm navigates ongoing disruptions while keeping drivers employed.
Inbound container imports to top two million twenty-foot equivalent units by May, a first since last fall.
Shipping adapts post-Baltimore bridge collapse, with port rerouting stats and recovery timelines.
In 2023, 46.67 million twenty-foot equivalent units of cargo passed through the top 12 U.S. seaports, normalizing to pre-pandemic levels.
Bridge collapse disrupts Port of Baltimore, affecting exports and mid-Atlantic trucking. States scramble to adapt.
February saw significant cargo volume increases at San Pedro Bay Complex and Port Houston.
February's U.S. container imports dip yet highlight a solid year-over-year growth. Amid global shifts, the freight market faces mixed fortunes.
A strong start to 2024: LA and Long Beach ports see cargo boom in January.
Despite Red Sea tensions and canal hiccups, U.S. ports are pulling off some solid cargo numbers.
"Southern California ports are winning back U.S. containerized imports, benefiting from labor peace and canal disruptions.
Additionally, empty container exports plunged 41% year-over-year, while imports of empty containers rose 25% year-over-year.
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