Tony Mulvey

Port Houston reported strong imports after a soft January as general cargo tonnage represented nearly 40% of total import tonnage in the month.

Port director Gene Seroka cited replenishing inventory and consumer spending as drivers of growth.

Hurricane Ian boosted spot rates in the southeast over the past 10 days, but as rejection rates and volumes decline, when will spot rates on a national level take another step lower.

Spot rates continue the rapid descent as truckload capacity continues to loosen rapidly. At the same time, accepted tender volumes turn...

Tender rejection rates are rapidly headed toward single digits, causing spot rates to resemble a black diamond slope rather than the bunny...

Tender volumes recover most of last week’s decline while rejection rates continue their slow downward trend despite contract rate increases...

Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major...

Volumes turn downward heading into the Christmas week while rejection rates have rebound back above 20%. Carriers still maintain a firm grip on pricing power in the market.

Biesterfeld expects the capacity-constrained environment to continue.

Intermodal markets: Competition holding pricing down