With locations in Cincinnati, Cleveland, Marysville, and Columbus we can provide flexibility and efficiency for your container drayage needs. Overview. However, the American Trucking Association estimates that there is a shortage of 90,000 drivers each year. â Schneider has expanded its Bulk Express Intermodal services to Canada. Therefore, for a significant rate spread between intermodal and trucking to emerge, it will have to come from truck rates strengthening. Mike Baudendistel is an analyst and Market Expert at FreightWaves focusing on the railroad, intermodal and transportation equipment industries. The surge in domestic intermodal has spread from Los Angeles to Oakland-Lathrop and Union Pacific will raise surcharges on shippers to ensure equipment is available for core customers. 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. About ContainerPort Group. What incentive does a shipper then have to shift freight from truck to intermodal? Automation, self-invoicing bolster traditional third-party payment audit model. Intermodal Shipping News, data and analysis of the various factors that are driving the continued expansion of intermodal shipping activity around the globe. 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. IMCGâs Harrison Hoof, III, Interviewed by News Channel 3. Trucking news and expert analysis of trucking companies across the United States, from trucking industry news about such leading freight carriers as Swift Transportation and Old Dominion Freight Line to smaller regional trucking firms plying various cross-border and domestic routes.. We handle a wide range of shipping needs â local, regional and long haul â with drayage services that focus on rail and ports in the United States. Despite an unexpected uptick in intermodal volume to close the second quarter, J.B. Hunt Transport Services says third-quarter consumer demand remains unpredictable due to the effects of the COVID-19 pandemic. 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. Logistics 4.0 has recently emerged as a move to smart transportation and logistics, enhanced sales and operations planning, and dynamic logistics network configuration. Larry is an acknowledged expert on intermodal matters who makes frequent appearances before the transportation community. North American intermodal volume may plunge as much as 25 percent in the second quarter, so railroads believe the right strategy is to focus on cost-cutting while providing reliable service. The acquisition of FMIC from Chainalytics helps transform DAT Solutions into a broader freight intelligence business aimed at enabling shippers, brokers, and truckers to understand freight costs and pricing. Scott Mall, Managing Editor of FreightWaves Classics Friday, December 25, 2020. Third-party logistics provider Transplace looks to expand its shipper customer base through the acquisition of LeanCor, a supply-chain company focused on lean manufacturing. Management then described a trucking marketplace as being so highly competitive with intermodal that it is difficult to price at any discount to trucking (at least in the eastern U.S.) while still earning an acceptable margin on the ever-rising wholesale rates paid for capacity on the Class I railroads. Year over year, international intermodal volume fell 6.5% to 2,290,299 containers, while domestic volume rose 9.8% to 2,103,361 containers. The 50 largest US trucking operators in the United States saw revenue growth throttle back considerably in 2019, but 2020 is shaping up to be even worse. READ MORE > providing transportation services since 1923 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. Latest freight transportation news. Click here for the latest Intermodal freight transport news & information. Most carriers are expecting positive intermodal volumes year-over-year in 2020. 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 ⦠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 its earnings call, J.B. Hunt described a domestic intermodal picture that caused me to wonder why a shipper would use intermodal in this market. Class I railroads remain unwilling to reduce freight rates to attract incremental volume. by Today's Trucking December 15, 2020 TORONTO, Ont. Perhaps only as a hedge against a shortage of truckload capacity later in the year or to add to a checklist of “green” initiatives. Railroads are more conciliatory in negotiating contract rates than a year ago, hungry to recapture freight lost to trucking. Trailers climbed 9.8% to 325,802 units during the quarter. 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. 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 ⦠The Intermodalist Widely regarded as the best intermodal analyst in the business, Larry Gross is a 40 year veteran of the intermodal industry. After wild swings in intermodal volume in the second quarter, CSX Transportation and Union Pacific Railroad are cautiously optimistic about peak season volumes, while realizing pandemic disruptions are lurking. 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. Welcome to Rolling Your Way, Devine Intermodalâs monthly summary of news, fun facts and trivial bits that are pertinent to the transportation and logistics industry. Shippers will need to look not just at multiple transportation modes, but across modes, to secure capacity in 2021, digital broker Loadsmart said. When it comes to the Inland Point Intermodal market, it’s a 40-foot world; thus far in 2020, 40-foot containers comprise just over three out of every four IPI revenue moves. That lack of planned container growth this year is part of an industry-wide trend. Union Pacific Railroad blames volatile swings in volume for congestion in Los Angeles in June, but intermodal marketing companies say it remains difficult to find space on trains because of a surge in e-commerce business. Intermodal trucking is usually the beginning or the end of the intermodal transportation process and freight handling process. SONAR data already shows capacity-driven improvement in the dry van truckload market. Located in Rocky Mount, North Carolina, shippers will benefit from this terminalâs strategic location. 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. Both intermodal and truckload spot rates have weakened since their respective fall peak seasons. CSX Intermodal Coming to Eastern N.C. Operations at the the new Carolina Connector (CCX) terminal are expected to begin in 2021. (moreâ¦) Read more 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. Click the "CC" button in the bottom right to activate while programming is live. Rail service has never been better, a sentiment expressed most clearly by Hub Group’s management. Governments and regulatory bodies are introducing costly, stringent regulations to reduce vehicle emissions. It would be a misnomer to declare intermodal as having the potential to be a relief valve for tight truck capacity; intermodal traffic is concentrated in dense lanes anchored by major cities. Since 1971, ContainerPort Group has been supplying transportation and intermodal services to businesses throughout the Midwest and East coast. On a year-over-year basis, I am already seeing an improvement in the truckload market as shown in the table below. 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. Accordingly, Hub Group is expecting contraction in its intermodal gross margin in 2020 relative to 2019. This is because not adding containers is fairly unusual for a company that has amassed a fleet of 89,000 pieces of trailing equipment (primarily 53’ domestic containers) in its intermodal segment. The pandemic has proven that truck drivers are essential workers. Real-Time Tracking â Plan, match and dispatch intermodal and chassis loads more efficiently with advanced satellite trucking interfaces that improve location, detention and delivery times. Non-asset intermodal providers want railroads to be more lenient on container charges and late fees when bidding for shipper business in order to become more competitive with the likes of J.B. Hunt Transport Services. JOC’s Spot Intermodal Savings Index hit an 14-month low in a preliminary April reading, the first snapshot of how the COVID-19 pandemic has altered the math on how much money intermodal can save a shipper. Intermodal infrastructures are improving, along with other advances in technology for managing complex supply chains that operate across various modes of transportation. âOver 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. Subscribe now. Class I railroad management teams continue to suggest that cutting intermodal rates in the short-term to attract incremental freight would only make it more difficult to raise rates later on those same lanes to targeted levels in a stronger freight market. 315 Rising railroad-purchased transportation costs are making it difficult for domestic intermodal providers to maintain their gross margins in the current weak truck market. 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. A refrigerated rail service sold by Union Pacific Railroad to shippers has shut down amid the COVID-19 downturn in volumes and competition from rival BNSF Railway and other large IMCs. Join Natex Intermodal today Truck driving jobs in Chicago are now considered as a source of attractive income. 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. 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. Late last year, I questioned whether intermodal still deserves to be considered a growth area within surface transportation, asserting that its growth status has been diminished, if not demolished. The pandemic has proven that truck drivers are essential workers. Contact your Account Manager or ⦠Unless there is a paradigm shift in emerging chassis supply methods, the ocean carriers will indeed exit the ch⦠The COVID-19 pandemic, hopping from one hotspot to another, is scattering pieces of the supply chain capacity puzzle, leading to “dislocation,” J.B. Hunt’s Shelley Simpson says. An ‘insatiable demand’ for truck capacity and a US loan are helping LTL operator YRC Worldwide expand capacity and intermodal services in the Central-South. Your aware winning source for transportation news. Management’s point regarding container turns is well taken, but that still suggests to me that management’s expected intermodal volume growth this year is fairly minimal. It’s a shippers’ market during this year’s bid season on annual intermodal contracts. 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. The top 7 lanes comprise approximately two-thirds of all intermodal volume. (moreâ¦) Read more For those reasons, several of Hub Group’s intermodal customers converted a portion of their transportation spend back to trucking from intermodal within the last year. All of those factors are compelling many companies to use an intermodal combination of sea, road and railways to transport their goods on longer routes, rather than depend on a single mode of transportation. Keep up on the shipping, intermodal, trucking, rail, and equipment outlooks, forecasts, and trends. J.B. Hunt described domestic intermodal customers as demanding intermodal service levels that are essentially indistinguishable from trucking while still expecting a rate discount from trucking that is similar to what shippers have received historically (i.e., 10%-15%). The Intermodal Motor Carriers Conference (IMCC) is an affiliated conference of the ATA and is open to all ATA member companies engaged in the intermodal transportation of property or companies engaged in businesses and services supporting intermodal transportation, and state associations affiliated with ATA. Intermodal is not seeing the same rebound in demand as trucking since the economic shutdown owing to the COVID-19 pandemic, and research firm FTR Associates does not believe containerized rail volume will fully recover to 2019 levels until sometime in 2021. Due to its design and construction, it can be used across a series of modes of transport. He is a CFA Charterholder. 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. This month it began offering shippers inbound and outbound Canadian services, with bulk loads shipped by rail ⦠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. Small shippers will have to pay a $500 surcharge on excess cargo on Union Pacific, as both western US Class I railroads struggle to handle the surge in volume out of Los Angeles. This withdrawal from providing equipment necessary for international container transport is creating market complications for customers, motor carriers and chassis suppliers. 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. The trucking industry landscape â both for asset and non-asset companies â is being ⦠However, the American Trucking Association estimates that there is a shortage of 90,000 drivers each year. J.B. Hunt Transport Services acknowledges a rough second quarter is ahead, while there’s much unknown about how severe the impact of the coronavirus disease (COVID-19) on business conditions will be. Rising railroad-purchased transportation costs are making it difficult for domestic intermodal providers to maintain their gross margins in the current weak truck market. What does the term “Industry 4.0” mean for logistics and supply chains? And that is true even if the much-anticipated capacity-driven improvement in the truckload market comes to fruition. The intermodal bid season in the spring typically follows the market trends of the prior fall’s intermodal peak season. Intermodal volume, rates, and savings have been on a rollercoaster this year, surging this summer to levels higher than a year ago after steep declines this spring during the height of the pandemic. 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. An intermodal truck driver plays a crucial role in getting goods delivered to their destination point safely, securely and on time. Railroad service is strong and there is ample railroad capacity, so an improved truckload market is poised to be a catalyst for domestic intermodal, assuming it comes to fruition. Providing local knowledge and nationwide coverage. Freight forecasters expect intermodal growth, slow going for carload traffic in 2021 Digest: DC Metro releases report disputing 'toxic workplace' claims Historical society, Cumbres & Toltec reach agreement on 15-year inspection for D&RGW No. Trust TRX to deliver your product and merchandise safely and on-scheduleâ¦every time. In order to maintain or expand margins, domestic intermodal companies have to price intermodal services to shippers at a pace that exceeds the pace of rate increases they pay to the railroads. FreightWaves Classics: Trucking companies range from A to Z (Part 6) This is Part 6 of the FreightWaves Classics series on American trucking ⦠Union Pacific Railroad says service is now fluid on its intermodal network after the “bumpiness” experienced over the summer; intermodal marketing companies, however, dispute that. IMCGâs Harrison Hoof, III, Interviewed by News Channel 3. Hub Group also expects intermodal volume growth in 2020, with year-over-year growth guidance up in the low-to-mid single-digit range despite intermodal getting off to a slow start in the first quarter. Pierre Liguori, director, Tokema International. 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. Truckload rates rising this year is the emerging consensus. CDL jobs in Chicago create a platform for various drivers to carry the freight. The major domestic intermodal providers, such as J.B. Hunt, Hub Group and Schneider, are in a difficult spot. © Copyright 2020, All Rights Reserved, FreightWaves, Inc, Podcasts: FreightWaves FreightCasts Network, The Forum at FreightWaves LIVE (Fall 2019), I questioned whether intermodal still deserves to be considered a growth area, Class I rail headcount plunges to new low in November, FreightWaves Classics: TTX’s history illustrates changes in railroading over the past 65 years, Rail Roundup: Groups laud nominee Buttigieg; US rail traffic up, FreightWaves Classics: TTX owns 10+% of all North American railcars, US carloads bounce back while import gains fuel intermodal, Exports boost US and Canadian grain volumes. Of course, strong intermodal service levels are easier to achieve with lower volume levels, such as those that were seen in 2019, with overall rail traffic down 5% year-over-year. Start a career with us and grab a hold on your future career. bay area trucking, trucking, trucking industry, trucking trends Despite the drastic technological progress, many companies in trucking and logistics are yet to harness the power of tech. 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 Intermodal shippers are increasingly putting pressure on 3PLs to waive container fees as a precondition for business amid the coronavirus-linked recession. When it did happen it was for very specific reasons, such as for export coal that would not have moved otherwise. The cost-reduction benefits are significant for shippers, buyers, freight forwarders and other stakeholders in the supply chain. A new group within the American Trucking Associations will focus on the moving and storage segment of the trucking industry. Rail service metrics, such as intermodal velocity shown below, bear that out. 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. FTRâs Trucking Conditions Index for ⦠0 126 . Hub also cited an expected improvement in the truckload market. â Todayâs Trucking magazine has updated its annual ranking of Canadaâs top 100 truck fleets by size, and thereâs a familiar name at the top of the list. Domestic intermodal volumes already elevated compared with a year ago and there are signs that international intermodal is on the upswing too. Whether your goods are sent via ship, rail, or truck, one of our containers can be used without unloading and reloading cargo. This is because the railroads have created a great deal of capacity by utilizing their networks and equipment more efficiently in the past few years. Intermodal and drayage carriers are winding down a year that for many meant only modest growth in container trucking. News, data and analysis of the various factors that are driving the continued expansion of intermodal shipping activity around the globe. Subscribe to Transport Topics - a leading trucking news source. Prior to joining FreightWaves, Baudendistel served as a senior sell-side equity research analyst covering the publicly traded railroads, suppliers that manufacture and lease railroad equipment, and suppliers that manufacture trucks, trailers, engines and other components. GCT Canada announced the completion of the final two tracks of the GCT Deltaport Intermodal Rail Yard Expansion Project, which sets GCT Deltaport apart as the most efficient and capable ship-to-rail discharge facility in the world. TORONTO, Ont. TRX Trucking provides intermodal trucking services through a nationwide terminal network. Trucking news from the editors of Today's Trucking. The major domestic intermodal providers, such as J.B. Hunt, Hub Group and Schneider, are in a difficult spot. 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. Intermodal Trucking and Drayage. Ohio Intermodal Services (OIS) is the premier intermodal transportation resource in Ohio for all your container drayage needs. News Finish First Training Program Expanded to East Coast. CSX touting its improved on-time performance. We give you access to the industryâs largest, most flexible pool of 53â² capacity, backed by our own 41,500 assets. An intermodal container is a large standardized shipping tool that is built for intermodal freight transport. 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. Intermodal trucking and freight brokerage company Mark-It Express Logistics has acquired the operating assets of Sava Transportation, based in Maywood, Illinois. However, some are leading the way and changing how trucking is done. Intermodal executives want to address the chronic congestion issues in 2020 with railroads and BCOs, but universally accepted solutions are hard to come by. But, the intermodal-compatible lanes would benefit from a stronger truck market. Domestic intermodal volume in April suffered its worst month in eight years because of the COVID-19 pandemic, with intermodal marketing companies saying May might end as poorly, if not worse. Link Mobile Moves â Quickly and accurately send, receive, copy, edit and attach images, signatures and POD to live orders and templates using Axon Truck Link mobile app. He has 14 years of experience following the freight transportation industry with experience that also touched the truckload, Jones Act barge and domestic logistics industries. Our Story. Hub Group cites easing comparisons as the year progresses that includes both the lack of a spring peak season last year and a muted fall intermodal peak season. With a focus on safety and dependability, a fleet of 1300+ independent contract drivers, and a network in excess of 500 transportation experts, CPG has the tools, the talent, and the experience needed to provide our ⦠Intermodal gainsâdue in part to e-commerceâs surge through the pandemic and Holiday seasonâsurpassed carload declines to drive U.S. rail traffic for the week ending Dec. 19, 2020, the Association of American Railroads (AAR) reported on Dec. 23. 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. While Hub Group expects that lost volume to return to intermodal, the shift clearly underscores the competitive nature of domestic intermodal and the difficulty in growing intermodal volume in the current transportation marketplace. 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. However, the company also stated that it does not plan to expand its domestic container fleet this year, citing container turns that are below targeted levels. Have moved otherwise intermodal freight transport news & information and chassis suppliers happen it for! As shown in the truckload market gross margins in the current weak truck market their point! 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