Quick Economic Rebound Unlikely
The anticipated “quick economic rebound” and rise in import demand for the latter half of 2023 seems unlikely due to factors depressing domestic consumer spending and import availability. China’s manufacturing recovery and export capacity are weaker than expected, while weak consumer demand, increasing debt, and bank failures contribute to a credit crunch and expected recession. […]
Ocean Freight Rates Fall Along With Demand
Ocean freight demand and rates are falling despite efforts to mitigate decreased demand and capacity cuts. Uncertainty in consumer spending and overstocked inventories have reduced trucking demand and slowed inventory turnover, resulting in falling spot rates. The Logistix Company continues to prioritize optimal solutions, balancing contracted freight lanes and spot pricing for the best value. […]
TLC’s Hazardous Case Study
The Logistix Company was approached by a customer to produce a plan for the bulk processing and distribution of their product line of hazardous materials. The family of materials is notoriously difficult to transport, handle, and store due to its extensive requirements, including vapor control and neutralization, temperature control, oxygen intrusion prevention, and corrosive […]
Port Executives Optimistic for Q2 Despite Lower Cargo Volumes
At the 2023 American Association of Port Authorities’ annual legislative summit, a panel of port executives gathered to discuss the performance of the first quarter and make predictions for the next three. While some executives mentioned specific areas of concern, the overall consensus was optimistic. George Pasha IV, President and CEO of the Pasha Group, […]
Minnesota Train Derailment: Investigation Underway as Hazardous Material Spills
A train carrying ethanol derailed and caught fire in Raymond, Minnesota, around 1 a.m. on Thursday, March 30, 2023, prompting a mandatory evacuation of the city of about 800 people. Four cars containing ethanol ruptured and caught fire, and there is a risk that four additional cars containing ethanol may also release. 14 of the […]
California’s Historic Flooding: Threatening the Trucking Industry’s Produce Season
Historic flooding in California has led to severe complications with the produce industry. This is particularly bad news for the trucking industry, which has already been suffering due to a drop in economic demand this year. Many truckers rely on produce season as a way to supplement their income, often referred to as the “100 […]
Owner-Operators at a Disadvantage in Today’s Freight Market
According to a survey conducted by the Owner-Operator Independent Drivers Association (OOIDA), the freight market is working against owner-operators. Over half of the survey’s respondents reported negative feedback for 2023, citing concerns such as high fuel costs, inflation, increased regulation, capacity, and a lack of demand. Many owner-operators are not willing to operate at a […]
Norfolk Southern Faces Legal Action Over East Palestine Train Derailment
The state of Ohio has filed a lawsuit against Norfolk Southern railway company following the train derailment in East Palestine, Ohio. The incident, which occurred back in January, caused a significant amount of damage to the area. The lawsuit alleges that Norfolk Southern was negligent in its operation of the train and failed to take […]
Board of Safety Comments on Train Car Derailment
In a press conference held earlier this month, the chair of the National Transportation Safety Board (NTSB) stated that the recent train car derailment and subsequent fire in Palestine, Ohio, was, “100% preventable”. NTSB will continue their investigation of the incident over the next several months into the preventable causes to this devastating event, including: […]
Nearshoring Supply Chains Faster than Expected
The diversification of supply chains is not a new conversation, but global disruptions and recent developments have presented strong cases for reshoring manufacturing opportunities. According to recent data, the switch to nearshoring is happening much faster than predicted in 2021. The initial prediction was that it would happen slowly, over the course of five (or […]
