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– Schneider has expanded its Bulk Express Intermodal services to Canada. TRAC Intermodal has developed a detailed case study on how the chassis pool model at the Port of NY/NJ has supported significant increases in … Contact your Account Manager or … Link Mobile Moves – Quickly and accurately send, receive, copy, edit and attach images, signatures and POD to live orders and templates using Axon Truck Link mobile app. IMCG’s Harrison Hoof, III, Interviewed by News Channel 3. The pandemic has proven that truck drivers are essential workers. Canadian Pacific (CP) is building business at the Port of Saint John in New Brunswick with an extension of its service agreement with global liner shipping company Hapag-Lloyld AG, which will begin regular intermodal service via CP from the Atlantic Canada port … By leveraging an advanced, innovative technology suite that delivers granular insights and 24/7 shipment visibility, our intermodal transportation team ensures your cargo reaches its final destination in a safe and timely manner. Truckload rates rising this year is the emerging consensus. Despite describing an intermodal market characterized by many factors that make intermodal volume growth difficult, as described above, J.B. Hunt nevertheless guided to positive intermodal volume growth this year. Pandemic-related LTL service issues that include long delays and missed deliveries have not gone away and may be resurfacing as COVID-19 surges and container volumes soar, A tighter focus on transportation and technology following a corporate split will improve the service and experience XPO offers to shippers globally, the company and transportation analysts say. Governments and regulatory bodies are introducing costly, stringent regulations to reduce vehicle emissions. What does the term “Industry 4.0” mean for logistics and supply chains? Class I railroads remain unwilling to reduce freight rates to attract incremental volume. Scott Mall, Managing Editor of FreightWaves Classics Friday, December 25, 2020. Your aware winning source for transportation news. FreightWaves Classics: Trucking companies range from A to Z (Part 6) This is Part 6 of the FreightWaves Classics series on American trucking … Comments on last fall’s intermodal peak season ranged from “there really is no peak” to “muted” to “an intense, but very short peak season.” Accordingly, Hub Group expects intermodal pricing to be down for 2020 as a whole given its outlook for year-over-year declines in pricing on intermodal contracts negotiated during the first half of the year. When it did happen it was for very specific reasons, such as for export coal that would not have moved otherwise. Intermodal trucking and freight brokerage company Mark-It Express Logistics has acquired the operating assets of Sava Transportation, based in Maywood, Illinois. That lack of planned container growth this year is part of an industry-wide trend. COVID-19 and the wave of imports reaching the US will keep pressure on transportation capacity and pricing, from ports to the last mile, shippers warned Tuesday. We handle a wide range of shipping needs – local, regional and long haul – with drayage services that focus on rail and ports in the United States. Since the intermodal contract bid season for the company is front-half loaded (over 80% of its intermodal contracts are negotiated during the first half of the year), that pricing pressure will likely not be fully offset by an improvement in the intermodal market during the second half of the year. That doesn’t surprise me, given that in the past 15 years I can think of very few instances of the Class I railroads cutting rates for any reason. Railroad management teams are also quick to highlight the recent strength in service levels, with certain railroad management teams going as far as to say that intermodal doesn’t need to be priced at any discount at all to trucking because service levels are so strong. Intermodal rail speeds higher across the board amid capacity excesses, Serving the global freight industry with the fastest and most comprehensive news insights and market data on the planet. The trucking industry landscape — both for asset and non-asset companies — is being … Subscribe to Transport Topics - a leading trucking news source. Ohio Intermodal Services (OIS) is the premier intermodal transportation resource in Ohio for all your container drayage needs. In the current market, with intermodal contracts likely pricing below year-ago levels, and with the railroads continuing to raise the wholesale costs of intermodal capacity, domestic intermodal providers risk having their margins squeezed. ​Over the last several years, ocean carriers, that have historically provided chassis for the transport of intermodal freight containers, have announced and in some cases implemented plans to no longer provide these chassis. 315 Rail service has never been better, a sentiment expressed most clearly by Hub Group’s management. J.B. Hunt said intermodal results were worse than anticipated because of major network congestion in rail terminals and shippers sitting on containers, which may not ease until 2021. The Intermodalist Widely regarded as the best intermodal analyst in the business, Larry Gross is a 40 year veteran of the intermodal industry. The top 7 lanes comprise approximately two-thirds of all intermodal volume. Norfolk Southern Railway insists that no matter how far truck rates fall, it will not chase the market down by providing unsustainable rates to shippers, but rather focus on innovative ideas such as mixed trains. Union Pacific Railroad will raise the surcharge on small shippers to $1,000 on excess contract cargo beginning Oct. 25, a signal that rail-owned containers remain in short supply on the West Coast. Alameda Corridor Transportation Authority this year will feel the declining revenue effects of the economic recession projected to impact Los Angeles and Long Beach and all North American ports. Automation, self-invoicing bolster traditional third-party payment audit model. The intermodal bid season in the spring typically follows the market trends of the prior fall’s intermodal peak season. Hub also cited an expected improvement in the truckload market. FTR’s Trucking Conditions Index for … Rail service metrics, such as intermodal velocity shown below, bear that out. However, the latest public comments and data on intermodal from the Class I railroads, their intermodal partners and FreightWaves data paint a picture of an industry that will likely struggle to attract freight away from the trucking industry, at least until the much-anticipated capacity-driven improvement in the truckload industry kicks in. We give you access to the industry’s largest, most flexible pool of 53′ capacity, backed by our own 41,500 assets. The pandemic has proven that truck drivers are essential workers. Most carriers are expecting positive intermodal volumes year-over-year in 2020. IMCG’s Harrison Hoof, III, Interviewed by News Channel 3. Steady growth in the number of road freight carriers is leading to greater traffic congestion and costly delays in the delivery of goods to end-users in business and consumer markets. On a year-over-year basis, I am already seeing an improvement in the truckload market as shown in the table below. Rising railroad-purchased transportation costs are making it difficult for domestic intermodal providers to maintain their gross margins in the current weak truck market. Subscribe now. Intermodal volume last week was the weakest in a nearly a decade as the coronavirus disease (COVID-19) has wreaked havoc on the railroads, which an industry analyst believes could cost Class I railroads $9 billion dollars. TRX Trucking provides intermodal trucking services through a nationwide terminal network. With locations in Cincinnati, Cleveland, Marysville, and Columbus we can provide flexibility and efficiency for your container drayage needs. News U.S. rail carload and intermodal volumes are mixed for the week ending December 12, reports AAR FedEx turns in solid fiscal second quarter earnings results Cass Freight Index shows November shipment and rate gains ATA reports Q3 gains in truckload driver turnover DAT points to steady spot truckload rates More News They also highlighted the ample capacity available on intermodal routes and the expectation that strong rail service should continue even with a pickup in volume. Of course, no judgement on that debate was ever expected to be rendered during the first two months of 2020 and questions regarding intermodal’s secular growth remain. — Today’s Trucking magazine has updated its annual ranking of Canada’s top 100 truck fleets by size, and there’s a familiar name at the top of the list. An intermodal container is a large standardized shipping tool that is built for intermodal freight transport. Intermodal and drayage carriers are winding down a year that for many meant only modest growth in container trucking. Mike Baudendistel is an analyst and Market Expert at FreightWaves focusing on the railroad, intermodal and transportation equipment industries. Domestic intermodal volumes rose in January year on year, but there is little else for intermodal marketing companies (IMCs) to feel good about right now. TTX management stated that they know of only 2,000 net domestic container additions this year with nearly all 2020 equipment deliveries being put toward replacement. Located in Rocky Mount, North Carolina, shippers will benefit from this terminal’s strategic location. Due to its design and construction, it can be used across a series of modes of transport. Our Story. Trinium is recognized as the industry leader in intermodal trucking and drayage systems; providing solutions for companies ranging from 10 drivers to over 1,000 drivers.. Trinium-TMS (Transportation Management System) is a complete enterprise system for intermodal trucking and drayage companies. One logistics executive called the railroads’ stance “a complete 180 from last year.”, The Global Energy Transition and Its Impact on Project Cargo Logistics, Container Shipping Outlook: Analyzing the Trans-Pacific, Port Performance North America: Managing Cargo Flow During a Pandemic — and Beyond, Industry 4.0 — the next supply chain revolution, How B2B Supply Chains Can Deliver New Customer Value with A Continuous Delivery Experience (CDX), Driving Strategic Value Through Outsourcing, JOC Insights: COVID-19 Impacts Freight Transit Times, Shippers facing ‘different game’ in 2021 as freight costs rise, LTL service issues multiply as COVID-19, freight demand surge, Analysts say divided XPO to better serve US shippers, Shippers, IMCs eager for answers to solve US intermodal congestion, New options allow in-house freight invoice auditing, Multimodal optimization seen as key to future freight capacity, West Coast-based LTL freight surge lifts YRC, UP says intermodal rail fluid again; some IMCs not convinced, UP raises Seattle surcharge to $1,000 for small shippers, Q3 intermodal results hurt by congestion, poor velocity: J.B. Hunt, US intermodal volumes show signs of recovery, UP raises surcharge for all shippers in Oakland-Lathrop, US inland shippers increasingly prioritizing 40-foot containers, Transplace buys LeanCor to reach more manufacturers, JOC Research Note: Rail the better economic bet for shippers in Q3, JOC Uncharted: ‘Massive’ dislocation eats into US surface capacity, Volume spike triggers surcharges, gate restrictions from Western US railroads, IMCs say space issues persist on LA intermodal rail services, COVID-19 tempers intermodal peak season optimism, J.B. Hunt cautious on Q3 volumes despite June intermodal surge, Intermodal shippers pushing hard on container fees, North American intermodal volume recovery lags trucking rebound, DAT buys shipper consortium, $50 billion in pricing data, Domestic intermodal slides to weakest month since 2012, JOC Research Note: Intermodal savings evaporate in April, NS focusing on intermodal efficiencies rather than chasing freight, Facing grim intermodal forecasts, rails focus on costs, service, J.B. Hunt warns of further declines in intermodal volume, North American intermodal volumes plunge to near-decade low, JOC Rankings: US trucking revenue growth slams on the brakes, Alameda Corridor to make 2020 debt payments despite downgrade: interim CEO, January volumes give 3PLs glimmer of hope in weak intermodal market, Battle brewing to provide intermodal shippers free container usage, Railroads more conciliatory on 2020 contract rates: IMCs, Inland Podcast: Warehousing, Intermodal Insight with CenterPoint Properties, East Coast Supporting Investment By Long Beach. The positive volume outlook that most carriers have for domestic intermodal volume in 2020 is dependent upon an improvement in the truck rates in the second half of the year; FreightWaves explains why that expectation is reasonable here. Steady growth in the number of road freight carriers is leading to greater traffic congestion and costly delays in the delivery of goods to end-users in business and consumer markets. 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