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Source: Huffington Post
Source: Media Matters
The line also highlighted “strikes in Chile at the beginning of the year, overloaded infrastructure in Brazilian ports and political and economic problems in Venezuela and in Mediterranean countries” as other factors which hit its earnings.German container shipping line Hamburg Süd felt the pinch last year as overcapacity on the main east-west trades spilled over into the north-south routes where it has traditionally concentrated its efforts, denting freight rates.
“The freight rate recovery for refrigerated goods during the first half-year did not last. Over the course of 2013, rates for most services fell back to a level wholly insufficient, in light of the high level of investment, operating costs for reefer containers, and on-board equipment,” the company said, blaming ever-present vessel overcapacity.
More at The Loadstar
Excerpts from the Journal of Commerce:
The “good news” for trucking fleets spells bad news for shippers seeking carriers to move their goods, as the index reflects “unprecedented” capacity constraints, FTR said.
When adjusted for severe weather, the TCI reading would be pushed above a reading of 10, making it the tightest truck market on record, according to the analyst firm.
“Both carriers and shippers have to be on the lookout for a potential tipping point when freight demand is able to keep the current high level of truck use well into the summer months,” Starks continued. “Such an environment would necessitate shippers bidding up rates to maintain secure capacity during the fall shipping season.”
More at the JOC
Source: Daily Californian
Source: Kansas City Star
Source: Clarion Ledger
Source: Detroit Free Press
Source: New Canaan News
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