Trucking Carriers head west for a modern-day gold rush — of freight

Posted on September 20, 2021 by | 2 comments

Apparently trucking carriers are rushing to carry loads from the West Coast to inland America. It’s because the rates are much higher for Eastbound freight.

And carriers looking to carry loads back to the West Coast are having trouble finding them. The rates there have not risen much.

Look at the excellent chart in the article, showing the recent changes in rates to and from the West Coast from Dallas.

Zach Strickland, FW Market Expert & Market Analyst Saturday, September 18, 2021

Carriers head west for a modern-day gold rush — of freight – FreightWaves

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Posted in Logistics, Supply Chains, Trucking

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Are panicked, overbuying American shippers the reason for today’s container crisis?

Posted on September 20, 2021 by | Leave a comment

The short answer may be no!

But we should expect inventories to try to rise given all the supply chain dislocations in the US. Driver shortages, delays internationally, and a rise in consumer buying may all be responsible.

One of the professionals viewed calls it a multiple black swan event!

Sam Chambers September 20, 2021

Are panicked, overbuying American shippers the reason for today’s container crisis? – Splash247

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Maersk predicts even better remainder of 2021

Posted on September 20, 2021 by | 1 comment

The ocean shipping line Maersk is on track to earn over $22 billion in profit (EBITDA, in financial terms; earnings before Interest, Taxes, Depreciation and Amortization, if you are not familiar.) this year. Free cash flow will be over $14 billion. That is a lot of money.

Capital expense, for new ships and the like, will be around $7 billion.

This graph, from their annual report, shows Maersk’s EBITDA over the last several years.

Source: Maersk 2021 Annual Report.

Here’s Maersk’s most recent annual report in full.

18 September 2021 Jack Donnelly Shipping Lines

Maersk revises earnings forecasts, predicts even better remainder of 2021 – Port Technology International

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Posted in Logistics, Shipping

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