Impact of I-95 collapse in Philadelphia to last ‘a long time’

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An elevated section of Interstate 95 in northeast Philadelphia collapsed Sunday, shutting the highway — a closure that could take the key freight artery offline for weeks if not longer. According to media reports, the early morning fire was caused by an oil tanker that caught fire underneath the elevated structure. The collapse is reported…

Borderlands: Texas trucking company acquired by Online Transport Inc.

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Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas trucking company acquired by Online Transport Inc.; U.S. requests USMCA dispute resolution over Mexico corn ban; RK Logistics expands into Arizona market; and Watco opens railcar storage facility in Texas. Texas trucking company acquired by…

Supply chain diversification apparent in freight market

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Chart of the Week: Outbound Tender Volume – by region SONAR: OTVI.URWT, OTVI.URSW, OTVI.URNE, OTVI.URSE, OTVI.URNW, OTVI.URMP, OTVI.URNW Compared to June 2019, regional outbound freight demand has shifted noticeably to the Eastern half of the U.S. based on shipper requests for capacity (OTVI). The Southwest region, which includes Texas, has captured most of the growth while the freight-starved…

Bullwhip effect cracking US imports’ peak season (again)

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Last week, we forecast a further decline in U.S. containerized import volumes in the second half of 2023, and a “new” bottom for volumes during this downcycle. The lingering effects of the “bullwhip effect” on inventories, along with the considerable downside risks that exist to consumer spending, the upcoming months are likely to witness an…